PBU The Pension Fund of Early Childhood & Youth Educators Buys Shares of 131,128 Corning Incorporated $GLW

PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in Corning Incorporated (NYSE:GLW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 131,128 shares of the electronics maker’s stock, valued at approximately $11,482,000.

Other institutional investors have also modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning in the third quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Corning in the fourth quarter valued at $26,000. Basepoint Wealth LLC acquired a new stake in shares of Corning in the fourth quarter valued at $26,000. Cornerstone Planning Group LLC grew its stake in shares of Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Corning in the third quarter valued at $33,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GLW. Susquehanna lifted their price objective on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Citigroup lifted their price objective on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Oppenheimer lifted their price objective on Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. UBS Group lifted their price objective on Corning from $223.00 to $228.00 and gave the company a “buy” rating in a research note on Friday. Finally, Bank of America lifted their price objective on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and an average price target of $178.31.

Insiders Place Their Bets

In other news, 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 transaction 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 approximately $2,106,221.48. This represents a 24.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John Z. Zhang sold 10,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the transaction, the vice president directly owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 60,655 shares of company stock valued at $12,046,561. 0.25% of the stock is owned by insiders.

Corning Trading Down 10.2%

GLW opened at $177.52 on Friday. Corning Incorporated has a 12 month low of $49.47 and a 12 month high of $211.79. The stock has a market capitalization of $152.78 billion, a price-to-earnings ratio of 84.94, a PEG ratio of 2.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The business has a fifty day moving average price of $173.00 and a 200 day moving average price of $130.26.

Corning (NYSE:GLW) last released its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the firm posted $0.54 EPS. Corning’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts expect that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

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

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.