MUFG Securities EMEA plc Increases Position in Corning Incorporated $GLW

MUFG Securities EMEA plc grew its stake in Corning Incorporated (NYSE:GLW) by 114.4% during the fourth quarter, HoldingsChannel reports. The fund owned 31,993 shares of the electronics maker’s stock after acquiring an additional 17,072 shares during the quarter. MUFG Securities EMEA plc’s holdings in Corning were worth $2,801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GLW. Beese Fulmer Investment Management Inc. grew its stake in Corning by 2.5% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after buying an additional 92 shares during the last quarter. Patten & Patten Inc. TN grew its stake in Corning by 0.6% during the 4th quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock worth $1,558,000 after buying an additional 100 shares during the last quarter. Joel Isaacson & Co. LLC grew its stake in Corning by 0.5% during the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after buying an additional 102 shares during the last quarter. Angeles Wealth Management LLC grew its stake in Corning by 2.8% during the 3rd quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock worth $348,000 after buying an additional 116 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in Corning by 37.3% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 442 shares of the electronics maker’s stock worth $39,000 after buying an additional 120 shares during the last quarter. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Morgan Stanley set a $180.00 target price on Corning in a research note on Friday, May 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. Bank of America boosted their target price on Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their target price on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $177.92.

Insiders Place Their Bets

In related news, SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares of the company’s stock, valued at approximately $18,138,016. This represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the transaction, the senior vice president directly owned 10,174 shares of the company’s stock, valued at $2,106,221.48. The trade was a 24.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 60,655 shares of company stock worth $12,046,561. 0.25% of the stock is owned by company insiders.

Corning Stock Performance

Shares of GLW stock opened at $176.45 on Tuesday. The stock has a market cap of $151.86 billion, a PE ratio of 84.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.14. Corning Incorporated has a 52-week low of $49.10 and a 52-week high of $211.79. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $168.33 and a 200-day simple moving average of $127.49.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $4.35 billion during 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%.Corning’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts expect that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

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

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.