PPG Industries, Inc. (NYSE:PPG) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 33.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,466 shares of the specialty chemicals company's stock after selling 2,797 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in PPG Industries were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in PPG Industries during the 4th quarter worth $27,000. Prudent Man Investment Management Inc. purchased a new stake in PPG Industries during the fourth quarter worth about $36,000. Albion Financial Group UT purchased a new position in PPG Industries in the 4th quarter valued at about $38,000. Crews Bank & Trust purchased a new stake in shares of PPG Industries in the fourth quarter valued at $42,000. Finally, Sugar Maple Asset Management LLC acquired a new position in PPG Industries during the fourth quarter worth approximately $44,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PPG has been the subject of several research reports. StockNews.com lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Argus cut PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Bank of America reiterated a "neutral" rating and issued a $126.00 price objective (down previously from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Seaport Res Ptn lowered shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PPG Industries presently has a consensus rating of "Hold" and a consensus target price of $128.83.

PPG Industries Trading Up 1.5 %

PPG traded up $1.68 during trading hours on Friday, reaching $110.45. The company's stock had a trading volume of 2,083,878 shares, compared to its average volume of 1,796,192. The business's 50-day moving average is $107.05 and its 200-day moving average is $116.52. The stock has a market cap of $25.07 billion, a PE ratio of 23.35, a P/E/G ratio of 2.19 and a beta of 1.16. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.10. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 earnings per share. As a group, equities research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Monday, May 12th. PPG Industries's dividend payout ratio is presently 57.51%.

Insider Activity at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the transaction, the chief executive officer now owns 35,833 shares in the company, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

PPG Industries Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.