First National Trust Co Sells 1,207 Shares of Corning Incorporated $GLW

First National Trust Co lowered its stake in Corning Incorporated (NYSE:GLW) by 14.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,437 shares of the electronics maker’s stock after selling 1,207 shares during the quarter. First National Trust Co’s holdings in Corning were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GLW. Amundi raised its stake in shares of Corning by 64.3% in the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock worth $271,237,000 after buying an additional 2,507,797 shares during the period. Nuveen LLC purchased a new position in shares of Corning in the first quarter valued at about $104,789,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Corning in the second quarter valued at about $92,560,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Corning by 185.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock valued at $94,736,000 after acquiring an additional 1,170,992 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Corning by 37.1% in the first quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock valued at $175,603,000 after acquiring an additional 1,037,875 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Corning Price Performance

NYSE:GLW opened at $86.53 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $74.12 billion, a P/E ratio of 92.05, a P/E/G ratio of 2.00 and a beta of 1.14. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $89.77. The business’s 50-day moving average is $78.28 and its 200 day moving average is $60.97.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.24 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%.The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. On average, equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 14th. Corning’s payout ratio is currently 119.15%.

Insider Transactions at Corning

In related news, SVP Jaymin Amin sold 17,721 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total value of $1,367,706.78. Following the sale, the senior vice president directly owned 88,722 shares in the company, valued at approximately $6,847,563.96. The trade was a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Wendell P. Weeks sold 82,103 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $65.19, for a total value of $5,352,294.57. Following the sale, the chief executive officer directly owned 809,295 shares in the company, valued at $52,757,941.05. The trade was a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GLW has been the topic of several research analyst reports. Citigroup boosted their price objective on Corning from $72.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Morgan Stanley boosted their price objective on Corning from $56.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Corning in a research report on Wednesday, October 8th. Wall Street Zen downgraded Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Mizuho boosted their price objective on Corning from $74.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.