The Manufacturers Life Insurance Company Sells 16,442 Shares of Corning Incorporated $GLW

The Manufacturers Life Insurance Company lowered its stake in Corning Incorporated (NYSE:GLW) by 3.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 402,442 shares of the electronics maker’s stock after selling 16,442 shares during the period. The Manufacturers Life Insurance Company’s holdings in Corning were worth $102,796,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in Corning during the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after buying an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Corning in the second quarter worth $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in Corning during the second quarter worth $266,000. 69.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GLW. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Barclays lowered their target price 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. Bank of America lifted their price target on shares of Corning from $223.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. UBS Group reiterated a “buy” rating and set a $196.00 price target on shares of Corning in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Corning from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and an average target price of $178.64.

Insider Transactions at Corning

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the firm’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 transaction, the executive vice president owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. This trade represents a 46.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

Corning Trading Up 1.9%

Shares of NYSE GLW opened at $166.28 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $158.62 and a two-hundred day simple moving average of $166.24. The firm has a market cap of $143.23 billion, a PE ratio of 75.93, a price-to-earnings-growth ratio of 2.08 and a beta of 1.16. Corning Incorporated has a twelve month low of $75.77 and a twelve month high of $271.78.

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

Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio is presently 51.14%.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Analyst upgrades support the shares. China Renaissance upgraded Corning, while a separate report highlighted favorable analyst sentiment. These actions may improve investor confidence in GLW’s growth outlook. Corning Stock Rating Upgraded by China Renaissance Corning Trading Higher on Analyst Upgrade
• Positive Sentiment: Large Verizon fiber agreement reinforces long-term demand. Corning will supply Verizon with more than 80 million miles of optical fiber under a multiyear agreement covering 2027 through 2032. The contract strengthens visibility for Corning’s optical communications business and ties the company to broadband and AI infrastructure spending. Corning Verizon Fiber Deal
• Positive Sentiment: Momentum-focused coverage remains favorable. Zacks identified GLW as a strong momentum stock, while another comparison positioned Corning as an AI-infrastructure beneficiary through its optical-fiber business. These reports add to the bullish narrative, although they are not new company operating results. Why Corning Is a Strong Momentum Stock
• Neutral Sentiment: Analyst sentiment is mixed. Coverage notes conflicting views on Corning and Apple, suggesting that optimism about GLW’s growth is balanced by valuation or execution concerns. Analysts Have Conflicting Sentiments on Corning
• Negative Sentiment: Potential dilution is the main near-term overhang. Corning filed to establish an at-the-market equity distribution program that could raise up to $2 billion. The possibility of issuing additional shares may dilute existing investors and has weighed on trading sentiment. Corning Files $2 Billion Equity Distribution Program

Corning Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company that develops specialty glass, ceramics and optical fiber products. Founded in 1851 and headquartered in Corning, New York, the company combines expertise in glass science, ceramics science, optical physics and manufacturing to serve communications, consumer electronics, automotive, life sciences and other industrial markets.

Corning’s products include optical fiber, cable and hardware used in telecommunications networks; cover glass and other components for mobile devices, laptops and other electronics; display glass for televisions and computer monitors; emissions-control products for automobiles and trucks; laboratory vessels and equipment; and specialty glass and ceramic products for industrial, semiconductor and aerospace applications.

The company serves customers worldwide through manufacturing, research and commercial operations across North America, Europe and Asia.