Central Bank & Trust Co. Raises Position in Corning Incorporated $GLW

Central Bank & Trust Co. boosted its holdings in Corning Incorporated (NYSE:GLW) by 55.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,322 shares of the electronics maker’s stock after purchasing an additional 7,917 shares during the quarter. Central Bank & Trust Co.’s holdings in Corning were worth $3,432,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp raised its stake in Corning by 13.4% during the 2nd quarter. State Street Corp now owns 41,108,384 shares of the electronics maker’s stock valued at $10,500,315,000 after acquiring an additional 4,845,027 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Corning by 29.2% in the 2nd quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock valued at $4,784,361,000 after purchasing an additional 4,231,507 shares during the period. Wellington Management Group LLP boosted its position in Corning by 50.9% during the second quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock valued at $3,365,084,000 after purchasing an additional 4,446,514 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Corning in the second quarter worth approximately $1,510,911,000. Finally, Legal & General Group Plc bought a new stake in Corning in the second quarter worth $1,212,283,000. Institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

NYSE:GLW traded up $3.83 during trading on Friday, reaching $156.66. The company’s stock had a trading volume of 3,697,103 shares, compared to its average volume of 12,027,920. Corning Incorporated has a 12 month low of $77.39 and a 12 month high of $271.78. The firm has a 50 day moving average of $155.41 and a 200-day moving average of $168.64. The firm has a market cap of $134.95 billion, a price-to-earnings ratio of 71.57, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter last year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Research analysts expect that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio (DPR) is 51.14%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GLW. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Oppenheimer dropped their target price on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Corning from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Mizuho reduced their price target on shares of Corning from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 15th. Finally, Barclays lowered their price target on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.87.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Truist raised its price target for Corning from $175 to $182, signaling increased confidence in the company’s earnings and growth prospects. Truist raises target for Corning stock
• Positive Sentiment: Analysts highlighted GLW as a beneficiary of the AI-related communications buildout, citing network demand, growing backlogs and potential upside alongside Ciena. This supports expectations for stronger optical-fiber and data-center sales. AI communication component rally
• Positive Sentiment: Zacks described Corning as a long-term growth stock, while another report pointed to AI-driven optical growth, major data-center agreements and rising solar sales. A planned expansion of U.S. optical-fiber capacity also reinforces the company’s strategic positioning. Why Corning is a top growth stock
• Positive Sentiment: Corning declared a quarterly dividend of $0.28 per share, or $1.12 annually, providing continued shareholder returns. Corning declares quarterly dividend
• Neutral Sentiment: Bernstein reaffirmed its Hold rating, and previews of third-quarter 2026 earnings leave investors focused on whether AI demand can translate into results consistent with Corning’s guidance. Bernstein reaffirms Hold rating
• Negative Sentiment: After a substantial year-to-date advance, commentary warned that GLW’s valuation and profit risks could limit further gains. A law firm is also investigating potential claims on behalf of investors, adding headline and litigation risk. Pomerantz investigation of Corning

Insider Activity at Corning

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the completion of the sale, the executive vice president directly owned 15,052 shares in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

About Corning

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.