Wilmington Savings Fund Society, FSB 13F: Cuts GLW Stake by $3.5M

Wilmington Savings Fund Society reduced its stake in Corning Incorporated (NYSE:GLW) by 7.9% during the quarter, according to a Form 13F filing submitted to the SEC on October 23, 2026. The institutional investor sold 22,613 shares of the electronic components maker, leaving it with 263,298 shares. The remaining stake had an estimated value of $40.48 million at the time of the filing. Corning closed at $123.69 on the day of the filing.

GLW Corning Incorporated

$123.69 ▲ +37.14% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Wilmington Savings Fund Society's Corning Position

The fund held 285,911 shares of Corning prior to the recent filing. By trimming 22,613 shares, Wilmington Savings Fund Society lowered its exposure to the company to 263,298 shares. The reported value of the holding sat at $40,484,700 following the reduction.

Corning Incorporated Stock Down 8.4%

Corning recently traded around $123.64 as of October 24, 2026, down slightly by about 0.0% from its event-day close of $123.69. The stock trades below its 50-day moving average of $151.91 and sits 54.5% below its 52-week high of $271.78. Meanwhile, it remains 59.8% above its 52-week low of $77.39.

Recent Earnings

Corning reported trailing-twelve-month revenue of $17.0 billion and earnings of $2.18 per share. The company posted a net profit margin of 11.2% alongside a return on equity of 16.8%. Year-over-year revenue growth reached 16.6%. The company's next earnings report is scheduled for October 27, 2026.

Dividend

Corning pays an annual dividend rate of $1.12 per share, translating to a dividend yield of 0.9%. The company's dividend payout ratio stands at 51.4%.

Insider Buying and Selling at Corning Incorporated

Company insiders executed several sales earlier in 2026. Chief Technology Officer Jaymin Amin sold 27,395 shares on May 22, 2026, at $192.14 per share for a total value of $5,263,637. Chief Executive Officer Wendell P. Weeks sold 100,000 shares on June 9, 2026, at $186.46 per share, totaling $18,646,070. Officer Lewis A Steverson parted with 13,100 shares on August 28, 2026, at $151.29 per share for a value of $1,981,929. Finally, Officer Michelle L Gullo sold 9,874 shares on September 4, 2026, at $152.29 per share, bringing in $1,503,713. None of these transactions were carried out under a Rule 10b5-1 plan.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on Corning ahead of the filing. On September 15, 2026, Mizuho maintained an Outperform rating while lowering its price target to $180.00 from $210.00. Bernstein initiated coverage on September 30, 2026, with a Market Perform rating and a $140.00 price target. Truist Securities maintained a Buy rating on October 2, 2026, raising its target to $182.00 from $175.00. UBS maintained a Buy rating on October 5, 2026, lifting its target to $201.00 from $196.00. JP Morgan maintained a Neutral rating on October 21, 2026, lowering its target to $165.00 from $170.00. Across 17 analyst opinions, Corning carries a consensus buy recommendation and a mean price target of $187.41.

About Corning

Corning Incorporated designs and manufactures specialty glass, ceramics, and related materials used in optical communications, mobile consumer electronics, display technology, automotive applications, and life sciences. The company operates facilities across North America, Asia, and Europe. Institutional portfolio adjustments like the one from Wilmington Savings Fund Society come as market participants weigh the firm's growth drivers in optical and display markets against broader valuation metrics.

Bottom Line

Investors will look toward Corning's upcoming earnings release on October 27, 2026, for fresh details on operational performance and margin trends. Future Form 13F filings will reveal whether institutional interest stabilizes around current price levels.