First Nebraska Trust Co Takes $1.74 Million Position in Corning Incorporated $GLW

First Nebraska Trust Co acquired a new position in Corning Incorporated (NYSE:GLW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,812 shares of the electronics maker’s stock, valued at approximately $1,740,000.

Other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in Corning during the 4th quarter valued at about $26,000. Basepoint Wealth LLC bought a new stake in Corning during the 4th quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new position in Corning in the second quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new position in Corning in the 4th quarter worth approximately $27,000. Finally, Litman Gregory Wealth Management LLC purchased a new position in shares of Corning in the fourth quarter worth $31,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Corning

In other news, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the transaction, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at $169,371,500.38. The trade was a 9.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating and set a $196.00 price objective on shares of Corning in a report on Wednesday, July 29th. JPMorgan Chase & Co. cut their target price on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Citigroup decreased their target price on shares of Corning from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Barclays cut their price objective on Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Finally, Bank of America raised their target price on Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $174.08.

Corning Trading Down 1.0%

Shares of Corning stock opened at $149.91 on Friday. The company’s fifty day simple moving average is $174.83 and its 200-day simple moving average is $163.35. The stock has a market capitalization of $129.13 billion, a PE ratio of 68.45, a P/E/G ratio of 1.92 and a beta of 1.14. Corning Incorporated has a 1-year low of $65.09 and a 1-year high of $271.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 1.24.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.Corning’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 3.27 earnings per share for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is 51.14%.

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.