Retireful LLC Purchases New Holdings in Corning Incorporated $GLW

Retireful LLC purchased a new stake in Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,388 shares of the electronics maker’s stock, valued at approximately $1,098,000.

Several other institutional investors also recently modified their holdings of GLW. Vanguard Group Inc. increased its position in shares of Corning by 1.6% during the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after purchasing an additional 1,582,895 shares during the period. State Street Corp boosted its stake in Corning by 1.4% during the second quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock worth $1,923,162,000 after buying an additional 509,013 shares in the last quarter. Geode Capital Management LLC increased its holdings in Corning by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after buying an additional 112,739 shares during the period. Ameriprise Financial Inc. increased its holdings in Corning by 8.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock valued at $724,432,000 after buying an additional 1,036,988 shares during the period. Finally, Norges Bank acquired a new position in shares of Corning in the 2nd quarter valued at $534,936,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling

In related news, insider Eric S. Musser sold 100,000 shares of Corning stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the sale, the insider directly owned 44,926 shares of the company’s stock, valued at $4,050,977.42. The trade was a 69.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lewis A. Steverson sold 23,142 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the sale, the executive vice president owned 17,575 shares of the company’s stock, valued at $1,565,053.75. This represents a 56.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 156,135 shares of company stock valued at $14,088,769 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Corning Stock Down 0.1%

Shares of NYSE GLW opened at $89.58 on Monday. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $96.64. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $86.31 and its 200 day simple moving average is $73.15. The company has a market cap of $76.80 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

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

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 14th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Corning’s payout ratio is currently 70.89%.

Analyst Ratings Changes

Several analysts have recently weighed in on GLW shares. Argus lifted their target price on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. UBS Group restated a “buy” rating and set a $109.00 price target (up previously from $100.00) on shares of Corning in a research note on Friday, November 21st. Wall Street Zen downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. JPMorgan Chase & Co. increased their target price on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Oppenheimer set a $100.00 target price on Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.09.

Corning Company 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.