CORDA Investment Management LLC. Invests $80.03 Million in Corning Incorporated $GLW

16 Aug 2026, 10:21 by Tristan Rich · The Markets Daily

CORDA Investment Management LLC. purchased a new position in Corning Incorporated (NYSE:GLW – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 313,327 shares of the electronics maker’s stock, valued at approximately $80,033,000. Corning accounts for about 4.9% of CORDA Investment Management LLC.’s holdings, making the stock its largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLW. Silverlake Wealth Management LLC purchased a new stake in Corning in the 2nd quarter valued at about $1,872,000. Bank of New York Mellon Corp purchased a new position in shares of Corning during the second quarter worth approximately $1,510,911,000. Private Advisory Group LLC bought a new stake in shares of Corning during the second quarter valued at approximately $21,673,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Corning in the second quarter valued at approximately $4,781,000. Finally, Summit Asset Management LLC purchased a new stake in shares of Corning in the second quarter valued at approximately $215,000. Institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

Shares of Corning stock opened at $165.85 on Friday. The company has a 50 day moving average price of $176.82 and a 200 day moving average price of $161.45. The firm has a market capitalization of $142.86 billion, a P/E ratio of 75.73, a PEG ratio of 2.12 and a beta of 1.14. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. Corning Incorporated has a 52 week low of $63.37 and a 52 week high of $271.78.

Corning (NYSE:GLW – Get Free Report) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. Corning’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Sell-side analysts expect that Corning Incorporated will post 3.27 EPS for the current year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s dividend payout ratio (DPR) is currently 51.14%.

Analyst Upgrades and Downgrades

GLW has been the topic of several research reports. Mizuho reduced their price objective on Corning from $270.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Oppenheimer dropped their price target on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Barclays decreased their price objective on Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. UBS Group reiterated a “buy” rating and set a $196.00 target price on shares of Corning in a report on Wednesday, July 29th. Finally, Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.08.

Check Out Our Latest Research Report on GLW

Insider Buying and Selling

In related news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares of the company’s stock, valued at $18,138,016. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the sale, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.25% of the company’s stock.

Corning Profile

(Free Report)

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.