Corning Incorporated $GLW Stock Sold by Jackson Square Capital LLC

Jackson Square Capital LLC reduced its position in shares of Corning Incorporated (NYSE:GLW) by 80.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,015 shares of the electronics maker’s stock after selling 45,380 shares during the quarter. Jackson Square Capital LLC’s holdings in Corning were worth $1,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in shares of Corning during the 2nd quarter worth about $26,000. Rogco LP bought a new position in Corning in the 2nd quarter valued at about $27,000. Western Pacific Wealth Management LP bought a new position in Corning in the 3rd quarter valued at about $25,000. Toth Financial Advisory Corp lifted its position in Corning by 130.7% during the third quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 98 shares during the last quarter. Finally, Cornerstone Financial Management LLC lifted its position in Corning by 63.3% during the second quarter. Cornerstone Financial Management LLC now owns 196 shares of the electronics maker’s stock worth $50,000 after acquiring an additional 76 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 15,052 shares in the company, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Corning Price Performance

Shares of GLW stock traded up $1.94 during trading on Monday, hitting $133.94. The company had a trading volume of 2,799,607 shares, compared to its average volume of 11,912,500. The firm has a market capitalization of $115.37 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 1.68 and a beta of 1.13. Corning Incorporated has a one year low of $77.39 and a one year high of $271.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The stock’s 50-day moving average price is $154.18 and its 200 day moving average price is $168.95.

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

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be given a $0.28 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio (DPR) is presently 51.14%.

Wall Street Analyst Weigh In

GLW has been the topic of several research reports. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Citigroup dropped their price target on Corning from $240.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Morgan Stanley reduced their price target on Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. China Renaissance raised Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a report on Tuesday, September 8th. Finally, Oppenheimer decreased their price objective on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.56.

About Corning

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.