First Allied Advisory Services Increased Ppg Inds (PPG) Holding By $618,530; 5 Analysts Bullish Fortis Inc. (TSE:FTS)

June 14, 2018 - By Vivian Currie

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First Allied Advisory Services Inc increased Ppg Inds Inc (PPG) stake by 71.18% reported in 2018Q1 SEC filing. First Allied Advisory Services Inc acquired 5,623 shares as Ppg Inds Inc (PPG)’s stock declined 12.02%. The First Allied Advisory Services Inc holds 13,523 shares with $1.50M value, up from 7,900 last quarter. Ppg Inds Inc now has $25.94 billion valuation. The stock increased 0.70% or $0.72 during the last trading session, reaching $104.02. About 1.28M shares traded. PPG Industries, Inc. (NYSE:PPG) has declined 3.28% since June 14, 2017 and is downtrending. It has underperformed by 15.85% the S&P500. Some Historical PPG News: ; 19/04/2018 – PPG CEO MIKE MCGARRY SPEAKS ON EARNINGS CONFERENCE CALL; 22/05/2018 – Safirstein Metcalf LLP Announces That A Class Action Has Been Filed Against PPG Industries, Inc. – PPG; 10/05/2018 – PPG Provides Update on Form 10-Q Filing and Internal Investigation; 27/03/2018 – AKZO NOBEL CEO: LOOKING MORE TO IMPROVE PERFORMANCE OF PAINTS, COATINGS BUSINESSES THAN TO INCREASE SIZE; 14/05/2018 – Hagens Berman Alerts Investors in PPG Industries, Inc. (PPG) to the Firm’s Investigation of Admitted Improper Accounting; 26/04/2018 – PPG Completes COLORFUL COMMUNITIES Project in Istanbul; 10/05/2018 – PPG INDUSTRIES – INVESTIGATION FOUND IMPROPER ACCOUNTING ENTRIES WERE MADE BY CERTAIN EMPLOYEES AT DIRECTION OF FORMER VICE PRESIDENT AND CONTROLLER; 15/05/2018 – Bragar Eagel & Squire, P.C. is Investigating PPG Industries, Inc. (PPG) on Behalf of Stockholders and Encourages Investors to; 19/04/2018 – PPG Industries Received Word of Potential Violations as Earnings Release Was Being Finalized; 09/05/2018 – PPG Recognized as CIO 100 Award Winner for Fourth Time

Among 7 analysts covering Fortis Incorporated (TSE:FTS), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Fortis Incorporated had 29 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Mkt Perform” rating by Raymond James on Tuesday, January 17. Raymond James maintained Fortis Inc. (TSE:FTS) rating on Thursday, September 22. Raymond James has “Outperform” rating and $50 target. RBC Capital Markets maintained Fortis Inc. (TSE:FTS) on Wednesday, October 7 with “Outperform” rating. The stock of Fortis Inc. (TSE:FTS) has “Neutral” rating given on Monday, February 27 by JP Morgan. The firm has “Buy” rating given on Thursday, November 24 by Desjardins Securities. TD Securities maintained the stock with “Buy” rating in Friday, March 3 report. The firm has “Outperform” rating given on Wednesday, March 29 by Barclays Capital. The rating was upgraded by IBC to “Outperform” on Friday, February 17. Scotia Capital maintained the stock with “Outperform” rating in Friday, February 17 report. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 24 report. See Fortis Inc. (TSE:FTS) latest ratings:

First Allied Advisory Services Inc decreased First Tr Exchange Traded Fd (FDN) stake by 9,265 shares to 46,435 valued at $5.59M in 2018Q1. It also reduced Ishares Tr (CSJ) stake by 4,992 shares and now owns 12,735 shares. Gilead Sciences Inc (NASDAQ:GILD) was reduced too.

Among 26 analysts covering PPG Industries (NYSE:PPG), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. PPG Industries had 82 analyst reports since September 6, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Wednesday, October 25. On Wednesday, May 16 the stock rating was downgraded by Jefferies to “Hold”. Seaport Global maintained PPG Industries, Inc. (NYSE:PPG) rating on Tuesday, April 17. Seaport Global has “Hold” rating and $12000 target. JP Morgan downgraded the stock to “Neutral” rating in Friday, January 19 report. UBS upgraded PPG Industries, Inc. (NYSE:PPG) rating on Friday, October 16. UBS has “Buy” rating and $122 target. Credit Suisse maintained the stock with “Outperform” rating in Friday, October 20 report. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Wednesday, January 17 with “Hold” rating. The firm has “Hold” rating by RBC Capital Markets given on Monday, August 7. RBC Capital Markets maintained it with “Outperform” rating and $129 target in Wednesday, November 25 report. The company was maintained on Friday, October 20 by KeyBanc Capital Markets.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Businesswire.com which released: “PPG Announces Leadership Appointments” on June 12, 2018, also Bizjournals.com with their article: “PPG goes green for 2019 color of the year” published on June 13, 2018, Bizjournals.com published: “PPG hires Honeywell UOP CEO” on June 13, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Bizjournals.com and their article: “PPG gets 6 months to file quarterly report from NYSE” published on May 23, 2018 as well as Businesswire.com‘s news article titled: “PPG to Introduce Low-Energy Paint Process for Automotive OEMs During Inaugural SURCAR North American Congress” with publication date: June 12, 2018.

Since February 22, 2018, it had 0 buys, and 1 insider sale for $1.10 million activity. On Thursday, February 22 the insider GREINDL JEAN-MARIE sold $1.10M.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.02, from 1 in 2017Q4. It worsened, as 42 investors sold PPG shares while 246 reduced holdings. 66 funds opened positions while 215 raised stakes. 183.14 million shares or 1.72% less from 186.33 million shares in 2017Q4 were reported. Honeywell International Incorporated reported 114,100 shares. 84,413 were reported by Los Angeles Capital Mgmt Equity Research. Louisiana State Employees Retirement stated it has 0.08% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Deutsche Bank & Trust Ag invested 0.09% in PPG Industries, Inc. (NYSE:PPG). Kbc Gp Nv reported 54,796 shares. Illinois-based Ubs Asset Americas has invested 0% in PPG Industries, Inc. (NYSE:PPG). Mairs & stated it has 0% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Vanguard Gru Inc stated it has 20.07 million shares or 0.1% of all its holdings. Azimuth Cap Mgmt Ltd Limited Liability Company invested in 0.09% or 10,484 shares. Kentucky Retirement Systems accumulated 0.13% or 13,281 shares. South State Corp invested in 0.1% or 7,515 shares. Northcoast Asset holds 0.39% or 38,149 shares in its portfolio. The Maine-based Schroder Management has invested 0% in PPG Industries, Inc. (NYSE:PPG). Hbk Sorce Advisory Ltd Llc stated it has 4,223 shares. Colonial Advisors invested in 21,262 shares.

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

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By1 Vivian Currie

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