Hantz Financial Services Inc. Sells 1,871 Shares of PPG Industries, Inc. (NYSE:PPG)

Hantz Financial Services Inc. lowered its position in shares of PPG Industries, Inc. (NYSE:PPG) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,618 shares of the specialty chemicals company’s stock after selling 1,871 shares during the period. Hantz Financial Services Inc.’s holdings in PPG Industries were worth $3,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. purchased a new stake in PPG Industries in the fourth quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. increased its position in PPG Industries by 465.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Capital Performance Advisors LLP bought a new position in PPG Industries in the third quarter valued at about $34,000. Albion Financial Group UT purchased a new position in PPG Industries in the fourth quarter worth about $38,000. Finally, Hara Capital LLC bought a new stake in shares of PPG Industries during the 3rd quarter valued at about $40,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Up 0.3 %

Shares of NYSE PPG opened at $122.79 on Friday. The stock has a market capitalization of $28.49 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.93 and a beta of 1.24. PPG Industries, Inc. has a 12-month low of $113.00 and a 12-month high of $145.60. 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 firm’s 50-day moving average price is $121.25 and its 200-day moving average price is $124.58.

PPG Industries (NYSE:PPG) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. On average, equities research analysts anticipate that PPG Industries, Inc. will post 8.15 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.22%. PPG Industries’s dividend payout ratio is presently 43.11%.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research reports. Mizuho reduced their target price on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft decreased their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Citigroup dropped their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. KeyCorp downgraded PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.23.

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.