TD Asset Management Inc Has $206.98 Million Position in Corning Incorporated $GLW

TD Asset Management Inc boosted its stake in shares of Corning Incorporated (NYSE:GLW) by 22.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,363,820 shares of the electronics maker’s stock after buying an additional 430,664 shares during the quarter. TD Asset Management Inc’s holdings in Corning were worth $206,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Beese Fulmer Investment Management Inc. lifted its stake in shares of Corning by 2.5% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock valued at $336,000 after purchasing an additional 92 shares during the period. 3Chopt Investment Partners LLC lifted its stake in shares of Corning by 1.0% in the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock valued at $897,000 after purchasing an additional 97 shares during the period. Patten & Patten Inc. TN lifted its stake in shares of Corning by 0.6% in the 4th quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock valued at $1,558,000 after purchasing an additional 100 shares during the period. Joel Isaacson & Co. LLC lifted its stake in shares of Corning by 0.5% in the 4th 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 period. Finally, Angeles Wealth Management LLC lifted its stake in shares of Corning by 2.8% in the 3rd 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 period. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Up 0.5%

GLW stock opened at $201.40 on Thursday. The stock’s 50 day simple moving average is $171.25 and its 200 day simple moving average is $129.11. Corning Incorporated has a fifty-two week low of $49.47 and a fifty-two week high of $211.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The company has a market cap of $173.33 billion, a P/E ratio of 96.36, a price-to-earnings-growth ratio of 2.87 and a beta of 1.15.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, research analysts expect that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. Corning’s dividend payout ratio is 53.59%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. HSBC restated a “buy” rating and issued a $135.00 price target on shares of Corning in a report on Friday, February 13th. Oppenheimer raised their price target on shares of Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Morgan Stanley set a $180.00 price target on shares of Corning in a report on Friday, May 8th. Finally, Barclays raised their price target on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average target price of $177.92.

Insider Buying and Selling

In other Corning news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the sale, the vice president directly owned 5,138 shares of the company’s stock, valued at approximately $1,019,070.92. The trade was a 66.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $206.23, for a total value of $4,124,600.00. Following the sale, the senior vice president directly owned 25,570 shares of the company’s stock, valued at $5,273,301.10. This represents a 43.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 60,655 shares of company stock valued at $12,046,561. Company insiders own 0.25% of the company’s stock.

Corning Company 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.