Whittier Trust Co. Cuts Stock Position in Corning Incorporated $GLW

Whittier Trust Co. lessened its holdings in shares of Corning Incorporated (NYSE:GLW) by 14.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,242 shares of the electronics maker’s stock after selling 3,000 shares during the quarter. Whittier Trust Co.’s holdings in Corning were worth $2,672,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Caldwell Trust Co boosted its position in Corning by 0.5% in the 1st quarter. Caldwell Trust Co now owns 15,893 shares of the electronics maker’s stock valued at $2,161,000 after buying an additional 74 shares during the period. KRS Capital Management LLC increased its position in shares of Corning by 2.2% during the first quarter. KRS Capital Management LLC now owns 4,058 shares of the electronics maker’s stock worth $552,000 after acquiring an additional 88 shares during the period. Sheets Smith Wealth Management increased its position in shares of Corning by 2.1% during the first quarter. Sheets Smith Wealth Management now owns 4,450 shares of the electronics maker’s stock worth $605,000 after acquiring an additional 90 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in shares of Corning by 2.5% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock valued at $336,000 after acquiring an additional 92 shares in the last quarter. Finally, 3Chopt Investment Partners LLC raised its stake in shares of Corning by 1.0% in the fourth quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock valued at $897,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Transactions at Corning

In other news, SVP Soumya Seetharam sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the transaction, the senior vice president owned 94,400 shares in the company, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 160,655 shares of company stock worth $30,692,560. Insiders own 0.25% of the company’s stock.

Corning Trading Down 5.0%

NYSE GLW opened at $185.16 on Wednesday. The firm’s fifty day moving average price is $191.28 and its 200 day moving average price is $148.25. Corning Incorporated has a 12 month low of $51.32 and a 12 month high of $271.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The company has a market capitalization of $159.35 billion, a price-to-earnings ratio of 88.59, a price-to-earnings-growth ratio of 2.79 and a beta of 1.09.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, sell-side analysts expect that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s dividend payout ratio is 53.59%.

Wall Street Analyst Weigh In

GLW has been the subject of several analyst reports. Morgan Stanley set a $180.00 target price on Corning in a research note on Friday, May 8th. Wall Street Zen lowered Corning from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Barclays lifted their price objective on Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Mizuho raised their target price on shares of Corning from $220.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $193.54.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Bank of America raised its price target on Corning to $243 from $223 and reiterated a Buy rating, signaling confidence in upside from current levels. Benzinga report on Bank of America target hike
• Positive Sentiment: Multiple analysts remain bullish, arguing that demand in Corning’s optical networking business is still strong despite the broader AI-related selloff. Barron’s article on AI selloff opportunity
• Positive Sentiment: Analysts also point to Corning’s next-generation automotive glass and ceramic technologies as a longer-term growth driver tied to electric, connected, and autonomous vehicles. Yahoo Finance article on automotive solutions
• Positive Sentiment: Several recent notes describe Corning as a buy-the-dip candidate after its sharp decline from recent highs, suggesting some investors see value in the selloff. MSN article on buying the dip
• Neutral Sentiment: Coverage around Corning’s Q2 preview suggests the company’s optical business could support revenue and EPS near or above guidance, but this is largely an earnings expectation rather than a new catalyst. Yahoo Finance article on Q2 preview
• Negative Sentiment: The stock has been under pressure for several sessions, with reports describing a steep multi-day pullback as investors rotate out of AI-related trades. Invezz article on Corning stock falling

Corning Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.