PPG Industries (PPG) : Leisure Capital Management reduced its stake in PPG Industries by 1.78% during the most recent quarter end. The investment management company now holds a total of 20,359 shares of PPG Industries which is valued at $2,127,108 after selling 370 shares in PPG Industries , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.PPG Industries makes up approximately 2.28% of Leisure Capital Management’s portfolio.
Other Hedge Funds, Including , Schmidt P J Investment Management Inc boosted its stake in PPG in the latest quarter, The investment management firm added 287 additional shares and now holds a total of 11,200 shares of PPG Industries which is valued at $1,170,176. PPG Industries makes up approx 0.43% of Schmidt P J Investment Management Inc’s portfolio.State Treasurer State Of Michigan boosted its stake in PPG in the latest quarter, The investment management firm added 37,300 additional shares and now holds a total of 129,164 shares of PPG Industries which is valued at $13,475,680. PPG Industries makes up approx 0.10% of State Treasurer State Of Michigan’s portfolio. Spot Trading L.l.c sold out all of its stake in PPG during the most recent quarter. The investment firm sold 95 shares of PPG which is valued $9,911.British Airways Pensions Investment Management Ltd reduced its stake in PPG by selling 80,026 shares or 29.33% in the most recent quarter. The Hedge Fund company now holds 192,836 shares of PPG which is valued at $20,457,971. PPG Industries makes up approx 0.60% of British Airways Pensions Investment Management Ltd’s portfolio.
PPG Industries closed down -0.06 points or -0.06% at $103.59 with 12,43,021 shares getting traded on Wednesday. Post opening the session at $103.66, the shares hit an intraday low of $102.9 and an intraday high of $104.03 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, PPG Industries reported $1.85 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $1.85. The company had revenue of $4064.00 million for the quarter, compared to analysts expectations of $4165.29 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.67 EPS.
Many Wall Street Analysts have commented on PPG Industries. Company shares were Upgraded by Seaport Global Securities on Jul 26, 2016 to ” Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .PPG Industries was Upgraded by Longbow to ” Buy” on Jun 23, 2016.
PPG Industries Inc. (PPG) manufactures and distributes a range of coatings optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish aerospace architectural coatings-Americas and Asia Pacific architectural coatings-EMEA and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings sealants and finishes along with paint strippers stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings industrial coatings packaging coatings and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.