WINTON GROUP Ltd Takes $6.18 Million Position in Corning Incorporated $GLW

WINTON GROUP Ltd acquired a new stake in Corning Incorporated (NYSE:GLW) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 117,473 shares of the electronics maker’s stock, valued at approximately $6,178,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Corning by 1.6% during 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 during the period. Geode Capital Management LLC increased its stake 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 purchasing an additional 112,739 shares in the last quarter. Norges Bank acquired a new position in Corning during the second quarter worth $534,936,000. Amundi boosted its position in Corning by 64.3% during the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock worth $271,237,000 after purchasing an additional 2,507,797 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Corning by 4.8% during the first quarter. Invesco Ltd. now owns 6,337,063 shares of the electronics maker’s stock worth $290,111,000 after purchasing an additional 288,328 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on GLW. Citigroup lifted their price target on Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a report on Monday, December 1st. Morgan Stanley set a $82.00 price target on shares of Corning in a report on Wednesday, October 29th. Mizuho set a $97.00 price target on shares of Corning in a research report on Wednesday, October 29th. Finally, Oppenheimer set a $100.00 price objective on Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.64.

Corning Stock Performance

NYSE:GLW opened at $85.96 on Monday. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $92.57. The firm has a 50 day simple moving average of $84.88 and a 200-day simple moving average of $69.00. The firm has a market cap of $73.70 billion, a PE ratio of 54.41, a P/E/G ratio of 1.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating 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 company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the firm posted $0.54 EPS. Corning’s revenue 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 analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be issued a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.3%. Corning’s payout ratio is 70.89%.

Insider Buying and Selling

In related news, SVP Jaymin Amin sold 17,721 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the completion of the transaction, the senior vice president owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lewis A. Steverson sold 23,142 shares of the 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 directly owned 17,575 shares in the company, valued at approximately $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 173,856 shares of company stock worth $15,456,476 over the last ninety days. Insiders own 0.32% of the company’s stock.

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.