Wesbanco Bank INC Decreased Its Ppg Industries (PPG) Stake by $5.58 Million

April 16, 2018 - By Maria Robertson

PPG Industries, Inc. (NYSE:PPG) Corporate LogoBig Money Sentiment decreased to 1 in Q4 2017. It has change of 0.14, from 2017Q3’s 1.14. The ratio fall due to PPG positioning: 37 sold and 245 reduced. 86 funds took holdings and 197 increased holdings. Investors holded 186.32 million in 2017Q3 but now own 186.33 million shares or 0.01% more. Citadel Advsrs Limited Liability invested in 0.02% or 221,763 shs. Fort Washington Invest Advisors Oh owns 5,000 shs. Credit Suisse Ag holds 0.04% or 366,233 shs. Richard Bernstein Advisors Ltd Company has 29,947 shs. Mark Sheptoff Financial Planning Ltd Liability Co has invested 0% in PPG Industries, Inc. (NYSE:PPG). Summit Asset Lc holds 9,456 shs. Moreover, Fiera Cap Corp has 0.01% invested in PPG Industries, Inc. (NYSE:PPG) for 11,641 shs. Captrust has invested 0% in PPG Industries, Inc. (NYSE:PPG). Tiaa Cref Limited Liability Company stated it has 0.1% in PPG Industries, Inc. (NYSE:PPG). Zeke Cap Advsr Ltd Liability Corporation holds 0.07% of its capital in PPG Industries, Inc. (NYSE:PPG) for 5,887 shs. Clearbridge Investments Llc holds 0.57% in PPG Industries, Inc. (NYSE:PPG) or 5.32 million shs. Moreover, Fragasso Group has 0.23% invested in PPG Industries, Inc. (NYSE:PPG). Srb Corporation reported 1,756 shs. Genesee Valley Trust Com reported 11,595 shs or 0.57% of all its holdings. Moreover, Wellington Management Gru Limited Liability Partnership has 0.17% invested in PPG Industries, Inc. (NYSE:PPG) for 6.57M shs.

PPG registered $1.10 million net activity with 0 insider buys and 1 sale since February 22, 2018.

Based on the latest 2017Q4 regulatory filing with the SEC, Wesbanco Bank Inc decreased its holdings in Ppg Industries (PPG) by 27.76%. By selling 48,071 shares Wesbanco Bank Inc made the stock sank with 3.68%. The basic industries company reported $14.62 million value for the 2017Q4. Now the institutional investor is holding 125,120 shares, compared to the 173,191 from the previous quarter. $27.82B is Ppg Industries’s market cap. PPG reached $111.6 on during the last trading session after $1.6 change.Currently PPG Industries, Inc. is uptrending after 7.79% change in last April 16, 2017. PPG has 682,207 shares volume. The stock underperformed the S&P500 by 3.76%.

Wesbanco Bank Inc has risen its stake in Vanguard (BND) and also increased its holding in Vanguard (VT) by 270,328 shares in the quarter, for a total of 443,581 shares.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on April, 19. They expect $1.42 EPS, up 5.19 % or $0.07 from last year’s $1.35 per share. PPG’s profit will be $354.03M for 19.65 P/E if the $1.42 EPS becomes a reality. After $1.19 actual EPS reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 19.33 % EPS growth.

PPG Industries, Inc. (NYSE:PPG) Ratings Coverage

Total analysts of 19 have positions in PPG Industries (NYSE:PPG) as follows: 8 rated it a “Buy”, 0 with “Sell” and 11 with “Hold”. The positive are 42%. Since October 17, 2017 according to StockzIntelligence Inc PPG Industries has 27 analyst reports. The stock rating was downgraded by Atlantic Securities to “Neutral” on Wednesday, January 17. On Friday, January 19 the firm has “Hold” rating by J.P. Morgan given. The company rating was maintained by RBC Capital Markets on Monday, October 23. On Tuesday, March 27 BMO Capital Markets initiated the shares of PPG in report with “Hold” rating. On Thursday, March 15 RBC Capital Markets maintained the shares of PPG in report with “Hold” rating. On Friday, October 20 the firm earned “Outperform” rating by Robert W. Baird. On Tuesday, January 23 Seaport Global maintained the shares of PPG in report with “Buy” rating. On Friday, October 20 the rating was maintained by Credit Suisse with “Outperform”. On Wednesday, January 24 Citigroup maintained PPG Industries, Inc. (NYSE:PPG) rating. Citigroup has “Neutral” rating and $125 target. On Tuesday, March 20 Deutsche Bank upgraded the shares of PPG in report to “Buy” rating.

PPG Industries, Inc. (NYSE:PPG) Institutional Investors Chart

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