Corning Incorporated $GLW is Viking Fund Management LLC’s 6th Largest Position

Viking Fund Management LLC reduced its position in Corning Incorporated (NYSE:GLW) by 11.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 230,000 shares of the electronics maker’s stock after selling 30,000 shares during the period. Corning accounts for about 2.3% of Viking Fund Management LLC’s portfolio, making the stock its 6th largest position. Viking Fund Management LLC’s holdings in Corning were worth $18,867,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. REAP Financial Group LLC lifted its position in Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 339 shares during the last quarter. Total Investment Management Inc. purchased a new position in Corning in the second quarter worth $28,000. Banque Transatlantique SA acquired a new position in shares of Corning during the first quarter worth $34,000. Resources Management Corp CT ADV lifted its holdings in shares of Corning by 66.7% during the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Corning in the 2nd quarter worth $36,000. Institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling at Corning

In other Corning news, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total value of $1,104,488.00. Following the sale, the senior vice president directly owned 5,049 shares of the company’s stock, valued at approximately $460,872.72. This represents a 70.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the sale, the chief financial officer directly owned 66,959 shares in the company, valued at $6,110,008.75. This represents a 23.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 156,135 shares of company stock valued at $14,088,769. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GLW shares. Mizuho set a $97.00 target price on Corning in a research note on Wednesday, October 29th. UBS Group reissued a “buy” rating and issued a $109.00 price target (up previously from $100.00) on shares of Corning in a report on Friday, November 21st. JPMorgan Chase & Co. boosted their price target on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup upped their price objective on shares of Corning from $93.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Barclays lifted their target price on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.09.

Corning Trading Up 1.1%

Shares of NYSE:GLW opened at $87.81 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $96.64. The stock has a market cap of $75.28 billion, a price-to-earnings ratio of 55.58, a PEG ratio of 1.92 and a beta of 1.11. The business has a 50-day moving average price of $85.94 and a 200-day moving average price of $71.64.

Corning (NYSE:GLW) last issued its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Corning’s quarterly revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Equities analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. Corning’s dividend payout ratio (DPR) is 70.89%.

Corning Profile

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.