Groupama Asset Managment Invests $624,000 in Corning Incorporated $GLW

Groupama Asset Managment acquired a new stake in Corning Incorporated (NYSE:GLW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,613 shares of the electronics maker’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GLW. Cantor Fitzgerald L. P. acquired a new position in Corning in the third quarter valued at approximately $1,332,000. Syverson Strege & Co purchased a new position in Corning in the third quarter valued at approximately $279,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Corning during the third quarter worth approximately $299,000. CIBC Private Wealth Group LLC lifted its position in shares of Corning by 1.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 53,724 shares of the electronics maker’s stock worth $4,407,000 after buying an additional 1,023 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Corning during the 3rd quarter worth approximately $8,922,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling

In other news, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the sale, the chief financial officer owned 54,780 shares of the company’s stock, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GLW shares. Oppenheimer set a $120.00 target price on shares of Corning in a research report on Thursday, January 29th. Mizuho set a $145.00 price target on shares of Corning in a research report on Monday, February 23rd. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Susquehanna lifted their target price on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus target price of $131.75.

Corning Trading Down 6.3%

NYSE GLW opened at $124.72 on Friday. The firm’s fifty day moving average is $122.00 and its two-hundred day moving average is $97.26. Corning Incorporated has a one year low of $37.31 and a one year high of $162.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The firm has a market cap of $107.00 billion, a PE ratio of 67.78, a P/E/G ratio of 2.10 and a beta of 1.05.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Analysts expect that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

Corning 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.