Aviva Adds $5M in Corning Incorporated ($GLW)
Aviva added 20,083 shares of Corning, reaching a total of 686,174 shares.
Key Points
- Aviva boosted its stake in Corning Incorporated by 20,083 shares, bringing its total to 686,174 shares, valued at approximately $133.7 million.
- Corning's stock on the NYSE is trading near $194.92, with a market cap of $167.8 billion and a P/E ratio of 98.9.
- Recent insider transactions include Chairman and CEO Wendell Weeks selling 100,000 shares at $186.46 on June 9, 2026.
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Aviva recently increased its holdings in Corning Incorporated (NYSE:GLW) by adding 20,083 shares, according to its latest 13F filing with the SEC. This brings Aviva's total investment to 686,174 shares, valued at around $133.7 million as of the end of the reporting period.
Aviva vs. the S&P 500
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What Changed in Aviva's Corning Position
The filing reveals that Aviva's position in Corning grew by 3.02%, with the addition of 20,083 shares. Previously, Aviva held 666,091 shares. The increased stake underscores Aviva's interest in Corning, reflecting a notable vote of confidence in the company's prospects.
Other Institutional Activity in Corning
Other major institutional investors also made moves in Corning. BlackRock, Inc. expanded its holdings by 3,125,628 shares, bringing its total to 66,710,492 shares, valued at about $9.07 billion. FMR LLC significantly increased its position by 10,458,914 shares to a total of 24,909,423 shares, valued at approximately $3.39 billion. On the other hand, State Street Corp reduced its holdings by 524,999 shares, ending with 36,263,357 shares worth around $4.93 billion.
Corning Incorporated Stock Up 78.5%
Shares of Corning Incorporated are trading near $194.92. The company has a market capitalization of approximately $167.8 billion and a P/E ratio of 98.9. Its forward P/E ratio stands at 46.6. Corning's stock has ranged from a 52-week low of $50.26 to a high of $211.79. The stock's 50-day moving average is $179.20, while the 200-day moving average is $120.57. Corning maintains a current ratio of 1.61 and a quick ratio of 0.749, with a debt-to-equity ratio of 80.36.
$GLW stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent earnings report, Corning posted revenue of $16.32 billion, reflecting a growth rate of 0.2%. The company achieved a net margin of 11.09% and a return on equity of 16.74%. Earnings per share were noted at $1.97. The next earnings date is scheduled for July 28, 2026.
Dividend
Corning pays an annual dividend rate of $1.12, yielding 0.63% with a payout ratio of 53.85%.
Insider Buying and Selling at Corning Incorporated
Recent insider activity at Corning included transactions by Chairman, CEO, and President Wendell Weeks. On June 9, 2026, Weeks sold 100,000 shares at an average price of $186.46. On the same day, he also purchased 100,000 shares at $27.03. Additionally, Jaymin Amin, SVP and Chief Technology Officer, sold 27,395 shares at $192.14 on May 22, 2026, and bought 7,917 shares at $27.00.
Analysts Set New Price Targets
On June 5, 2026, UBS maintained its 'buy' rating on Corning with a price target of $228. Mizuho also kept a 'buy' rating with a target of $220 on May 12, 2026. Barclays maintained a 'hold' rating with a $180 target on May 8, 2026. Overall, analysts have a consensus rating of 'buy' with an average target price of $198.
About Corning Incorporated
Corning Incorporated is a technology company specializing in electronic components. It operates across various sectors including optical communications, display technologies, and life sciences. The company is headquartered in Corning, New York, and is led by CEO Wendell P. Weeks. With about 67,200 employees, Corning manufactures products such as optical fibers, cables, and glass substrates for electronic displays. It also provides solutions for the automotive industry and life sciences, making it a key player in these markets.
Bottom Line
Aviva's increased investment in Corning suggests confidence in the company's future performance. Investors often track such filings to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current positions. Corning's strong market presence and diverse product offerings continue to make it a company of interest.
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