As J P Morgan Chase & Co (JPM) Market Value Declined, Smith Chas P & Associates Pa Cpas Lowered by $1.15 Million Its Holding; As Ppg Industries (PPG) Stock Declined, Thompson Rubinstein Investment Management Has Lowered Its Position

August 12, 2018 - By Kristin Houston

PPG Industries, Inc. (NYSE:PPG) Logo

Thompson Rubinstein Investment Management Inc decreased its stake in Ppg Industries (PPG) by 41.34% based on its latest 2018Q1 regulatory filing with the SEC. Thompson Rubinstein Investment Management Inc sold 5,920 shares as the company’s stock declined 12.02% with the market. The institutional investor held 8,400 shares of the basic industries company at the end of 2018Q1, valued at $937,000, down from 14,320 at the end of the previous reported quarter. Thompson Rubinstein Investment Management Inc who had been investing in Ppg Industries for a number of months, seems to be less bullish one the $26.01 billion market cap company. The stock decreased 1.60% or $1.75 during the last trading session, reaching $107.46. About 628,175 shares traded or Infinity% up from the average. PPG Industries, Inc. (NYSE:PPG) has declined 3.28% since August 12, 2017 and is downtrending. It has underperformed by 15.85% the S&P500. Some Historical PPG News: 22/05/2018 – PPG Industries: Audit Committee Is Overseeing Investigation Into Certain Acctg Matters; 10/05/2018 – PPG SAYS FORMER VP WAS TERMINATED AS OF MAY 10; 19/04/2018 – PPG INDUSTRIES – DURING QTR, EXPERIENCED FURTHER RAW MATERIAL INFLATION & HIGHER LOGISTICS COSTS ACROSS ALL OF CO’S BUSINESSES; 10/05/2018 – PPG Industries: Unable to Predict the Timing or Outcome of the Investigation; 29/05/2018 – Kessler Topaz Meltzer & Check, LLP Announces Investor Class Action Filed Against PPG Industries, Inc. – PPG; 10/05/2018 – PPG Industries: His Employment With the Co Was Terminated as of May 10; 22/03/2018 – PPG Completes COLORFUL COMMUNITIES Project in Wuppertal, Germany; 07/05/2018 – PPG Announces Leadership Changes in Aerospace Products Business; 22/05/2018 – PPG INDUSTRIES – CONTINUES TO WORK TO COMPLETE INVESTIGATION INTO SOME ACCOUNTING MATTERS BUT IS UNABLE TO PREDICT TIMING/OUTCOME OF INVESTIGATION; 10/05/2018 – PPG: Board’s Audit Committee Overseeing an Investigation of the Matters Set Forth in the Report

Smith Chas P & Associates Pa Cpas decreased its stake in J P Morgan Chase & Co (JPM) by 3.73% based on its latest 2018Q1 regulatory filing with the SEC. Smith Chas P & Associates Pa Cpas sold 10,557 shares as the company’s stock declined 6.83% with the market. The institutional investor held 272,271 shares of the major banks company at the end of 2018Q1, valued at $29.94M, down from 282,828 at the end of the previous reported quarter. Smith Chas P & Associates Pa Cpas who had been investing in J P Morgan Chase & Co for a number of months, seems to be less bullish one the $388.90 billion market cap company. The stock decreased 0.98% or $1.15 during the last trading session, reaching $115.73. About 12.63M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 29.65% since August 12, 2017 and is uptrending. It has outperformed by 17.08% the S&P500. Some Historical JPM News: 20/03/2018 – GENERAL DYNAMICS CORP – ON MARCH 16, CO ENTERED INTO A 364-DAY CREDIT AGREEMENT WITH JPMORGAN CHASE BANK AND LENDERS; 13/04/2018 – JPMorgan Chase 1Q EPS Boosted 11c by Mark-to-Market Gains on New Accounting; 15/05/2018 – UBI BANCA UBI.Ml : JP MORGAN RAISES TARGET PRICE TO EUR 5.3 FROM EUR 5.1; 22/05/2018 – Tetra Technologies Presenting at JPMorgan Conference Jun 18; 13/04/2018 – JPMORGAN CHASE & CO – AT QTR-END BASEL lll COMMON EQUITY TIER 1 CAPITAL OF $184 BILLION AND RATIO OF 11.8%; 16/04/2018 – NEW DEAL: JPMorgan $Benchmark; 6NC5, 6NC5 FRN, 11NC10; 27/03/2018 – JPMorgan Looks Beyond Finance to Hire Tech, Math Grads in Asia; 21/05/2018 – Moody’s: No Ratings Impact Following The Master Servicer Change For 7 Jpmorgan Chase Transactions; 14/03/2018 – SWISSCOM AG SCMN.S : JP MORGAN RAISES TARGET PRICE TO SFR 480 FROM SFR 429; 13/03/2018 – ANDEAVOR ANDV.N : JP MORGAN RAISES TARGET PRICE TO $133 FROM $130

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on October, 18. They expect $1.59 EPS, up 4.61% or $0.07 from last year’s $1.52 per share. PPG’s profit will be $384.80 million for 16.90 P/E if the $1.59 EPS becomes a reality. After $1.90 actual EPS reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts -16.32% negative EPS growth.

Among 26 analysts covering PPG Industries (NYSE:PPG), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. PPG Industries had 87 analyst reports since September 6, 2015 according to SRatingsIntel. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Monday, July 24 by Bank of America. The firm earned “Overweight” rating on Wednesday, April 25 by JP Morgan. The stock has “Neutral” rating by JP Morgan on Friday, January 19. The firm has “Buy” rating given on Monday, April 18 by Citigroup. The firm has “Outperform” rating by CLSA given on Friday, May 6. On Friday, July 21 the stock rating was maintained by Deutsche Bank with “Hold”. Jefferies maintained the shares of PPG in report on Tuesday, January 2 with “Buy” rating. The company was maintained on Wednesday, January 17 by RBC Capital Markets. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Wednesday, January 17 by Atlantic Securities. The stock has “Hold” rating by RBC Capital Markets on Tuesday, May 30.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.02, from 1 in 2017Q4. It turned negative, 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. International Group Inc Incorporated stated it has 80,444 shares. Moreover, Global Investors has 0.13% invested in PPG Industries, Inc. (NYSE:PPG). Louisiana State Employees Retirement has 0.08% invested in PPG Industries, Inc. (NYSE:PPG) for 15,500 shares. Price T Rowe Associate Inc Md holds 0.05% or 2.84M shares. Andra Ap has invested 0.13% of its portfolio in PPG Industries, Inc. (NYSE:PPG). 108,766 are owned by Sei Investments. Skylands Capital Limited Com stated it has 11,500 shares or 0.17% of all its holdings. Global X Mngmt Ltd invested in 0% or 1,579 shares. Northern holds 0.09% or 2.97 million shares in its portfolio. Mycio Wealth Partners Lc, Pennsylvania-based fund reported 2,100 shares. Cape Cod Five Cents Bank & Trust invested in 2,844 shares or 0.05% of the stock. Orca Invest Mgmt Ltd Liability Com holds 0.33% in PPG Industries, Inc. (NYSE:PPG) or 2,608 shares. Martingale Asset Mgmt LP reported 0.24% stake. Piedmont Invest Advsr Ltd Liability has 0.11% invested in PPG Industries, Inc. (NYSE:PPG). Lombard Odier Asset Mgmt (Europe) Limited has invested 0.02% in PPG Industries, Inc. (NYSE:PPG).

Since February 22, 2018, it had 0 insider purchases, and 1 sale for $1.10 million activity.

More important recent PPG Industries, Inc. (NYSE:PPG) news were published by: Businesswire.com which released: “PPG Appoints William Schaupp as Vice President and Controller” on July 20, 2018, also Bizjournals.com published article titled: “PPG dealing with rising costs, evaluating more price hikes”, Businesswire.com published: “PPG Announces Leadership Appointments” on July 16, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) was released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Egalet, PPG Industries, Synergy Pharmaceuticals, Equity Residential, Array …” with publication date: July 27, 2018.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “JPMorgan: Digital Banking And Dividend Growth” on July 17, 2018, also 247Wallst.com with their article: “5 Merrill Lynch Defensive Portfolio Stocks That Can Survive a Market Crash” published on July 30, 2018, Nasdaq.com published: “Get into Bank Stocks Soon Because Inflation Is on the Way” on August 09, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan: Leading The Pack” published on July 18, 2018 as well as 247Wallst.com‘s news article titled: “How Much Short Sellers Have Upped the Ante in Major Banks” with publication date: August 10, 2018.

Since April 16, 2018, it had 2 insider buys, and 1 sale for $14,319 activity. Shares for $1.49M were bought by Combs Todd A. on Monday, May 14. 30,725 JPMorgan Chase & Co. (NYSE:JPM) shares with value of $3.50M were sold by Smith Gordon.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on October, 11. They expect $2.28 EPS, up 29.55% or $0.52 from last year’s $1.76 per share. JPM’s profit will be $7.66B for 12.69 P/E if the $2.28 EPS becomes a reality. After $2.29 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -0.44% negative EPS growth.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 19 have Buy rating, 2 Sell and 13 Hold. Therefore 56% are positive. JPMorgan Chase & Co had 122 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, January 17 by DZ Bank. Ertse Group downgraded the shares of JPM in report on Monday, April 25 to “Hold” rating. Jefferies maintained the stock with “Buy” rating in Sunday, April 15 report. As per Friday, August 18, the company rating was maintained by RBC Capital Markets. The rating was maintained by Nomura with “Neutral” on Wednesday, February 24. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Credit Suisse on Monday, October 9. On Monday, January 18 the stock rating was maintained by Argus Research with “Buy”. The firm has “Buy” rating given on Thursday, January 4 by Credit Suisse. The stock has “Underperform” rating by Portales Partners on Monday, February 22. The firm has “Buy” rating by Jefferies given on Wednesday, February 24.

Smith Chas P & Associates Pa Cpas, which manages about $915.98M and $719.68M US Long portfolio, upped its stake in Coca (NYSE:KO) by 20,592 shares to 553,438 shares, valued at $24.04 million in 2018Q1, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 2,876 shares in the quarter, for a total of 185,664 shares, and has risen its stake in Philip Morris Intl Inc Com (NYSE:PM).

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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