PPG Industries, Inc. (NYSE:PPG) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 86.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,887 shares of the specialty chemicals company's stock after selling 23,794 shares during the period. Ameritas Advisory Services LLC's holdings in PPG Industries were worth $464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PPG. Brighton Jones LLC boosted its position in shares of PPG Industries by 9.1% in the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company's stock worth $487,000 after buying an additional 339 shares in the last quarter. IFP Advisors Inc lifted its holdings in PPG Industries by 186.8% in the 4th quarter. IFP Advisors Inc now owns 628 shares of the specialty chemicals company's stock valued at $75,000 after purchasing an additional 409 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in PPG Industries by 114.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,325 shares of the specialty chemicals company's stock valued at $158,000 after purchasing an additional 708 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in PPG Industries by 25.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,961 shares of the specialty chemicals company's stock valued at $234,000 after purchasing an additional 402 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in PPG Industries by 25.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,077 shares of the specialty chemicals company's stock valued at $2,637,000 after purchasing an additional 4,522 shares in the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Trading Down 0.3%

NYSE PPG traded down $0.31 during mid-day trading on Friday, hitting $118.28. The company's stock had a trading volume of 796,208 shares, compared to its average volume of 1,858,183. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The stock's fifty day simple moving average is $111.45 and its two-hundred day simple moving average is $112.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.99. The firm has a market capitalization of $26.85 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 earnings per share. Research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.30%. PPG Industries's dividend payout ratio is currently 58.24%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PPG shares. UBS Group upped their target price on shares of PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Citigroup upped their target price on shares of PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Wells Fargo & Company increased their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PPG Industries currently has a consensus rating of "Moderate Buy" and an average price target of $130.67.

PPG Industries Company 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.