318 Shares in PPG Industries, Inc. (NYSE:PPG) Bought by Albion Financial Group UT

Albion Financial Group UT acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 318 shares of the specialty chemicals company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its position in PPG Industries by 60.8% during the second quarter. AE Wealth Management LLC now owns 2,880 shares of the specialty chemicals company’s stock valued at $363,000 after acquiring an additional 1,089 shares during the last quarter. Sei Investments Co. boosted its position in PPG Industries by 0.5% during the second quarter. Sei Investments Co. now owns 61,957 shares of the specialty chemicals company’s stock valued at $7,800,000 after buying an additional 309 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of PPG Industries by 10,362.5% during the second quarter. Frank Rimerman Advisors LLC now owns 1,674 shares of the specialty chemicals company’s stock valued at $211,000 after buying an additional 1,658 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of PPG Industries by 73.3% in the second quarter. Public Sector Pension Investment Board now owns 9,038 shares of the specialty chemicals company’s stock worth $1,138,000 after buying an additional 3,824 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in shares of PPG Industries by 4.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,208 shares of the specialty chemicals company’s stock valued at $656,000 after acquiring an additional 198 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $122.94 on Thursday. PPG Industries, Inc. has a 12 month low of $113.00 and a 12 month high of $145.60. The firm has a market capitalization of $28.52 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.94 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $121.18 and a two-hundred day simple moving average of $124.75.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, February 21st will be given a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.21%. PPG Industries’s dividend payout ratio (DPR) is currently 43.11%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PPG shares. Mizuho reduced their price target on PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Citigroup decreased their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada dropped their price target on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 22nd. StockNews.com cut shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $155.00 target price (down from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.23.

Insider Buying and Selling

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of PPG Industries stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total transaction of $249,713.00. Following the completion of the transaction, the vice president now owns 13,454 shares in the company, valued at approximately $1,692,513.20. The trade was a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

About PPG Industries

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.