US Bancorp DE Boosts Stock Holdings in Corning Incorporated $GLW

US Bancorp DE boosted its position in Corning Incorporated (NYSE:GLW) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 433,657 shares of the electronics maker’s stock after purchasing an additional 6,841 shares during the period. US Bancorp DE owned about 0.05% of Corning worth $37,971,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Joel Isaacson & Co. LLC lifted its stake in Corning by 0.5% in the fourth quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock valued at $1,797,000 after purchasing an additional 102 shares during the last quarter. CVA Family Office LLC lifted its stake in Corning by 10.3% in the third quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 111 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in Corning by 2.8% in the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 116 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its stake in Corning by 37.3% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 442 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 120 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in 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 purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GLW shares. Bank of America upped 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. Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Citigroup increased their target price on Corning from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their target price on Corning from $127.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, Oppenheimer set a $120.00 target price on Corning in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.31.

Insider Transactions at Corning

In other news, COO Avery H. Nelson III sold 6,262 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $129.79, for a total value of $812,744.98. Following the transaction, the chief operating officer owned 61,371 shares of the company’s stock, valued at approximately $7,965,342.09. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 212,053 shares of company stock valued at $30,403,630. Corporate insiders own 0.25% of the company’s stock.

More Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Q1 beat and big customer wins: Corning reported Q1 core sales up ~18% and signed multiple hyperscaler contracts that support accelerating optics demand tied to AI data centers — a key driver of revenue and margin expansion. Corning Beats Q1 Estimates but Drops 9% on Guidance Miss
• Positive Sentiment: Multi‑year capacity expansion with Meta: Corning and Meta broke ground on a large optical cable facility expansion (part of a multiyear deal worth up to $6B), which strengthens long-term revenue visibility in optics. Corning, Meta Break Ground on $6B Optical Cable Facility Expansion
• Positive Sentiment: Dividend declared: Board approved a $0.28 quarterly dividend (payable June 29, record May 29), which supports income-oriented investors and signals cash‑flow confidence. Corning Announces Quarterly Dividend
• Positive Sentiment: Analyst and momentum support: UBS and Zacks have expressed constructive views (UBS sees stronger long‑term growth; Zacks upgraded to strong‑buy and flags momentum), lending fundamental and sentiment backing. Corning Seen More Likely to Achieve Higher Sales Growth Over Long Term, UBS Says
• Neutral Sentiment: Industry recognition: A Corning executive received a leadership award (positive PR but limited direct market impact). Corning’s Angela Haneklau Named Inaugural Recipient of Graybar’s WINGS Luminary Award
• Negative Sentiment: Near‑term guidance disappointment: Despite the beat, management’s Q2 guidance missed some expectations, which triggered a notable pullback in the stock after the report. Corning Beats Q1 Estimates but Drops 9% on Guidance Miss
• Negative Sentiment: Valuation concerns: Commentators and analysts are questioning whether the recent parabolic rally (large YTD gains) leaves GLW over‑extended relative to earnings, with pieces asking if the stock is expensive at current multiples. Is Corning Stock A Buy At 50 Times Earnings?
• Negative Sentiment: High‑profile criticism: Jim Cramer warned the stock “flew too close” after its parabolic move, a headline‑grabber that can amplify selling pressure among retail traders. Jim Cramer Says “Corning Flew Too Close and Had Its Icarus Moment”
• Negative Sentiment: Analyst stance = caution: Truist moved to a hold rating despite raising its price target (the target implies downside from the current price), signaling some analyst caution on near‑term upside. Corning Receives a Hold from Truist Financial

Corning Trading Up 8.4%

NYSE:GLW opened at $164.73 on Friday. The company has a market cap of $141.52 billion, a P/E ratio of 78.82, a P/E/G ratio of 2.17 and a beta of 1.06. The stock’s fifty day moving average price is $148.66 and its two-hundred day moving average price is $112.83. Corning Incorporated has a 1 year low of $44.33 and a 1 year high of $179.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.04.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, analysts expect that Corning Incorporated will post 3.17 EPS for the current year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders 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 annualized dividend and a dividend yield of 0.7%. Corning’s dividend payout ratio is presently 60.87%.

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.