Hosking Partners LLP Sells 5,776 Shares of Corning Incorporated $GLW

Hosking Partners LLP lessened its holdings in Corning Incorporated (NYSE:GLW) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,240 shares of the electronics maker’s stock after selling 5,776 shares during the quarter. Corning makes up approximately 1.3% of Hosking Partners LLP’s investment portfolio, making the stock its 24th largest position. Hosking Partners LLP’s holdings in Corning were worth $36,523,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Corning by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after acquiring an additional 1,582,895 shares in the last quarter. Davis Investment Partners LLC purchased a new stake in shares of Corning in the second quarter worth approximately $251,000. Central Pacific Bank Trust Division raised its stake in shares of Corning by 23.6% in the second quarter. Central Pacific Bank Trust Division now owns 72,982 shares of the electronics maker’s stock worth $3,838,000 after purchasing an additional 13,920 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Corning by 638.0% in the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock valued at $28,736,000 after purchasing an additional 472,365 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its position in shares of Corning by 10.5% during the second quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock valued at $2,316,000 after buying an additional 4,183 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Susquehanna increased their price target on Corning from $75.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. UBS Group reaffirmed a “buy” rating and set a $109.00 price objective (up from $100.00) on shares of Corning in a report on Friday, November 21st. Mizuho set a $97.00 target price on shares of Corning in a report on Wednesday, October 29th. Citigroup raised their price target on shares of Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Oppenheimer set a $100.00 price target on shares of Corning and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.09.

Insider Transactions at Corning

In other Corning news, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the sale, the senior vice president directly owned 5,049 shares in the company, valued at $460,872.72. The trade was a 70.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric S. Musser sold 100,000 shares of the stock in a transaction 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 owned 44,926 shares of the company’s stock, valued at $4,050,977.42. The trade was a 69.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,135 shares of company stock worth $14,088,769 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Corning Price Performance

Shares of NYSE:GLW opened at $87.97 on Thursday. The company has a market capitalization of $75.42 billion, a P/E ratio of 55.68, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The company’s 50-day moving average is $86.59 and its 200 day moving average is $75.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $96.64.

Corning (NYSE:GLW) last announced its quarterly earnings data 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 net margin of 9.16% and a return on equity of 18.12%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

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.