MASTERINVEST Kapitalanlage GmbH Acquires New Stake in Corning Incorporated $GLW

MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Corning Incorporated (NYSE:GLW) in the second quarter, Holdings Channel reports. The firm bought 44,896 shares of the electronics maker’s stock, valued at approximately $2,361,000.

Several other institutional investors also recently bought and sold shares of GLW. Parkside Financial Bank & Trust lifted its position in shares of Corning by 3.1% during the second quarter. Parkside Financial Bank & Trust now owns 5,296 shares of the electronics maker’s stock worth $278,000 after purchasing an additional 158 shares in the last quarter. Groupe la Francaise increased its stake in Corning by 8.2% during the 2nd quarter. Groupe la Francaise now owns 2,284 shares of the electronics maker’s stock worth $120,000 after buying an additional 173 shares during the period. Empirical Finance LLC lifted its holdings in Corning by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 27,043 shares of the electronics maker’s stock worth $1,422,000 after buying an additional 184 shares in the last quarter. Zions Bancorporation National Association UT boosted its position in Corning by 3.3% in the 2nd quarter. Zions Bancorporation National Association UT now owns 5,746 shares of the electronics maker’s stock valued at $302,000 after buying an additional 185 shares during the period. Finally, Forte Capital LLC ADV grew its stake in shares of Corning by 2.4% in the second quarter. Forte Capital LLC ADV now owns 7,973 shares of the electronics maker’s stock worth $419,000 after acquiring an additional 190 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Corning

In other Corning news, EVP Lewis A. Steverson sold 23,142 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $89.05, for a total transaction of $2,060,795.10. Following the transaction, the executive vice president owned 17,575 shares in the company, valued at approximately $1,565,053.75. The trade was a 56.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric S. Musser sold 100,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total value of $9,017,000.00. Following the transaction, the insider directly owned 44,926 shares of the company’s stock, valued at approximately $4,050,977.42. This trade represents a 69.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 173,856 shares of company stock valued at $15,456,476. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the topic of several analyst reports. Mizuho set a $97.00 price objective on Corning in a research note on Wednesday, October 29th. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Susquehanna upped their target price on shares of Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, UBS Group reissued a “buy” rating and set a $109.00 target price (up previously from $100.00) on shares of Corning in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.64.

Corning Stock Down 8.0%

Corning stock opened at $88.34 on Friday. The stock has a 50 day moving average of $85.80 and a two-hundred day moving average of $70.35. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $96.64. The stock has a market capitalization of $75.74 billion, a price-to-earnings ratio of 55.91, a PEG ratio of 1.93 and a beta of 1.11. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Corning’s dividend payout ratio (DPR) is 70.89%.

Corning Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.