Banco Bilbao Vizcaya Argentaria S.A. Sells 47,940 Shares of Corning Incorporated $GLW

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in Corning Incorporated (NYSE:GLW) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,025 shares of the electronics maker’s stock after selling 47,940 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Corning were worth $39,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BNB Wealth Management LLC bought a new stake in shares of Corning during the fourth quarter valued at approximately $236,000. Boothbay Fund Management LLC increased its holdings in shares of Corning by 732.0% in the fourth quarter. Boothbay Fund Management LLC now owns 67,858 shares of the electronics maker’s stock valued at $5,942,000 after purchasing an additional 59,702 shares in the last quarter. Armistice Capital LLC bought a new position in Corning in the 4th quarter worth approximately $219,000. Altshuler Shaham Ltd acquired a new position in Corning during the 4th quarter worth $845,000. Finally, Schonfeld Strategic Advisors LLC boosted its position in Corning by 1,286.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 167,440 shares of the electronics maker’s stock valued at $14,661,000 after buying an additional 155,364 shares during the last quarter. 69.80% of the stock is owned by institutional investors.

Corning Trading Down 1.4%

NYSE GLW opened at $174.98 on Thursday. The stock has a 50-day simple moving average of $179.09 and a 200 day simple moving average of $136.06. The company has a market capitalization of $150.59 billion, a PE ratio of 83.72, a P/E/G ratio of 2.54 and a beta of 1.15. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $49.97 and a 12 month high of $211.79.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Research analysts forecast that Corning Incorporated will post 3.19 EPS for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a $0.28 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s dividend payout ratio is currently 53.59%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Truist Financial boosted their target price on Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Mizuho raised their price target on Corning from $190.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen cut Corning from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Susquehanna upped their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Finally, Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.31.

Insider Buying and Selling at Corning

In other Corning 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 in the company, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $206.23, for a total value of $4,124,600.00. Following the completion of the transaction, the senior vice president directly owned 25,570 shares of the company’s stock, valued at approximately $5,273,301.10. The trade was a 43.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 160,655 shares of company stock worth $30,692,561 in the last three months. 0.25% of the stock is owned by insiders.

About Corning

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.