PPG Industries, Inc. (PPG) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,278 shares of the specialty chemicals company’s stock after acquiring an additional 2,626 shares during the period. Private Advisor Group LLC’s holdings in PPG Industries were worth $1,827,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Sigma Planning Corp lifted its stake in PPG Industries by 0.3% in the 2nd quarter. Sigma Planning Corp now owns 4,069 shares of the specialty chemicals company’s stock worth $447,000 after acquiring an additional 12 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC lifted its stake in PPG Industries by 0.4% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 3,165 shares of the specialty chemicals company’s stock worth $348,000 after acquiring an additional 12 shares in the last quarter. First Interstate Bank lifted its stake in PPG Industries by 3.1% in the 2nd quarter. First Interstate Bank now owns 1,157 shares of the specialty chemicals company’s stock worth $127,000 after acquiring an additional 35 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in PPG Industries by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,663 shares of the specialty chemicals company’s stock worth $403,000 after acquiring an additional 54 shares in the last quarter. Finally, Bank of The Ozarks lifted its stake in PPG Industries by 2.3% in the 2nd quarter. Bank of The Ozarks now owns 2,420 shares of the specialty chemicals company’s stock worth $266,000 after acquiring an additional 55 shares in the last quarter. 75.09% of the stock is owned by hedge funds and other institutional investors.

Shares of PPG Industries, Inc. (PPG) traded down $0.56 during mid-day trading on Thursday, reaching $116.19. The company’s stock had a trading volume of 893,400 shares, compared to its average volume of 1,443,598. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.65. The firm has a market cap of $29,710.06, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.32 and a beta of 1.59. PPG Industries, Inc. has a 12 month low of $93.80 and a 12 month high of $119.85.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.52. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.75 billion. PPG Industries had a return on equity of 27.85% and a net margin of 12.21%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 EPS. sell-side analysts forecast that PPG Industries, Inc. will post 5.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 9th. PPG Industries’s dividend payout ratio is 26.12%.

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $109.00 price objective on shares of PPG Industries in a research note on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $120.00 target price (up from $110.00) on shares of PPG Industries in a research report on Tuesday, November 28th. They noted that the move was a valuation call. Zacks Investment Research raised PPG Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Citigroup upped their target price on PPG Industries from $112.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $125.00 target price on shares of PPG Industries in a research report on Friday, August 25th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. PPG Industries currently has an average rating of “Hold” and an average price target of $119.40.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3079982/ppg-industries-inc-ppg-shares-bought-by-private-advisor-group-llc.html.

PPG Industries Profile

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

Want to see what other hedge funds are holding PPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPG Industries, Inc. (NYSE:PPG).

Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

Receive News & Ratings for PPG Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPG Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.