Thomaspartners Has Increased Its Ppg Inds (PPG) Stake by $7.09 Million; Delta Asset Management Has Trimmed Apache (APA) Stake as Shares Declined

April 21, 2018 - By Marguerite Chambers

Apache Corporation (NYSE:APA) Logo

Delta Asset Management Llc decreased its stake in Apache Corp (APA) by 5.64% based on its latest 2017Q4 regulatory filing with the SEC. Delta Asset Management Llc sold 16,521 shares as the company’s stock declined 12.65% with the market. The institutional investor held 276,403 shares of the oil & gas production company at the end of 2017Q4, valued at $11.67M, down from 292,924 at the end of the previous reported quarter. Delta Asset Management Llc who had been investing in Apache Corp for a number of months, seems to be less bullish one the $15.84B market cap company. The stock decreased 0.79% or $0.33 during the last trading session, reaching $41.45. About 5.19 million shares traded. Apache Corporation (NYSE:APA) has declined 24.62% since April 21, 2017 and is downtrending. It has underperformed by 36.17% the S&P500.

Thomaspartners Inc increased its stake in Ppg Inds Inc (PPG) by 2.06% based on its latest 2017Q4 regulatory filing with the SEC. Thomaspartners Inc bought 61,129 shares as the company’s stock declined 3.68% with the market. The institutional investor held 3.04M shares of the basic industries company at the end of 2017Q4, valued at $354.59 million, up from 2.97 million at the end of the previous reported quarter. Thomaspartners Inc who had been investing in Ppg Inds Inc for a number of months, seems to be bullish on the $27.14B market cap company. The stock decreased 0.70% or $0.77 during the last trading session, reaching $108.87. About 1.97 million shares traded or 27.80% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since April 21, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

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

Among 26 analysts covering PPG Industries (NYSE:PPG), 13 have Buy rating, 0 Sell and 13 Hold. Therefore 50% are positive. PPG Industries had 75 analyst reports since September 6, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, November 28 by Wells Fargo. As per Tuesday, April 17, the company rating was maintained by Seaport Global. As per Monday, September 25, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, March 15. The company was maintained on Tuesday, May 30 by RBC Capital Markets. The rating was reinitiated by Credit Suisse on Tuesday, March 22 with “Outperform”. The rating was maintained by Citigroup on Monday, April 18 with “Buy”. The rating was maintained by Jefferies on Tuesday, October 17 with “Buy”. The firm has “Neutral” rating by Atlantic Securities given on Wednesday, January 17. Barclays Capital maintained it with “Equal-Weight” rating and $122 target in Friday, March 2 report.

Thomaspartners Inc, which manages about $4.24B and $13.68B US Long portfolio, decreased its stake in Price T Rowe Group Inc (NASDAQ:TROW) by 8,299 shares to 2.42M shares, valued at $253.52 million in 2017Q4, according to the filing. It also reduced its holding in Magellan Midstream Prtnrs Lp (NYSE:MMP) by 7,462 shares in the quarter, leaving it with 301,352 shares, and cut its stake in British Amern Tob Plc (NYSEMKT:BTI).

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.14, from 1.14 in 2017Q3. It turned negative, as 37 investors sold PPG shares while 245 reduced holdings. 86 funds opened positions while 197 raised stakes. 186.33 million shares or 0.01% more from 186.32 million shares in 2017Q3 were reported. Earnest Limited Liability Corporation has 135 shares for 0% of their portfolio. Howe & Rusling holds 0.07% or 3,109 shares in its portfolio. Boston Ptnrs accumulated 0.07% or 521,974 shares. Tarbox Family Office reported 28,825 shares or 1.34% of all its holdings. Private Trust Na has 0.23% invested in PPG Industries, Inc. (NYSE:PPG). Tokio Marine Asset Commerce Limited accumulated 0.16% or 8,877 shares. Investec Asset Mngmt Limited owns 3,829 shares. Parsons Cap Mgmt Ri has 0.05% invested in PPG Industries, Inc. (NYSE:PPG). Wealthtrust stated it has 34 shares. Susquehanna Grp Llp holds 1,732 shares. Dimensional Fund Advsrs LP holds 679,228 shares or 0.03% of its portfolio. Ameriprise Financial has invested 0.05% in PPG Industries, Inc. (NYSE:PPG). Gateway Investment Advisers Llc reported 0.02% in PPG Industries, Inc. (NYSE:PPG). Etrade Capital Mgmt Ltd Liability holds 8,148 shares or 0.03% of its portfolio. Cap Ww holds 2.66M shares or 0.07% of its portfolio.

Among 29 analysts covering Apache Corporation (NYSE:APA), 7 have Buy rating, 6 Sell and 16 Hold. Therefore 24% are positive. Apache Corporation had 105 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets reinitiated the shares of APA in report on Friday, March 18 with “Sector Perform” rating. Barclays Capital downgraded Apache Corporation (NYSE:APA) rating on Thursday, March 2. Barclays Capital has “Underweight” rating and $50 target. The rating was initiated by Credit Suisse with “Neutral” on Wednesday, July 22. The stock of Apache Corporation (NYSE:APA) has “Hold” rating given on Friday, April 13 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, May 29 report. Citigroup maintained it with “Neutral” rating and $58 target in Friday, September 9 report. The firm has “Neutral” rating given on Friday, August 7 by Credit Suisse. As per Wednesday, February 28, the company rating was maintained by Citigroup. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, October 11 report. The firm has “Neutral” rating given on Tuesday, August 9 by Citigroup.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.18, from 1.05 in 2017Q3. It turned negative, as 61 investors sold APA shares while 238 reduced holdings. 78 funds opened positions while 183 raised stakes. 340.75 million shares or 2.35% less from 348.95 million shares in 2017Q3 were reported. Kornitzer Management Inc Ks reported 672,680 shares. Neuberger Berman Llc owns 17,085 shares or 0% of their US portfolio. Moreover, Guardian Life Insurance Of America has 0.01% invested in Apache Corporation (NYSE:APA). Security Fincl Bank Of So Dak has invested 1.04% in Apache Corporation (NYSE:APA). Thompson Davis And Com accumulated 475 shares. Robeco Institutional Asset Mngmt Bv owns 13,809 shares for 0% of their portfolio. 133,546 are owned by State Of Tennessee Treasury Department. Benjamin F Edwards reported 0.01% in Apache Corporation (NYSE:APA). Veritable L P, a Pennsylvania-based fund reported 16,585 shares. Barnett & Com reported 7,500 shares or 0.15% of all its holdings. Voloridge Inv Mngmt Limited Com reported 58,331 shares. Corecommodity Mgmt Limited Liability Company invested in 4,914 shares. Stratos Wealth Prns Limited has 6,370 shares for 0.01% of their portfolio. Qv Investors holds 1.05% of its portfolio in Apache Corporation (NYSE:APA) for 312,944 shares. Macquarie Grp Inc Limited reported 3,400 shares.

Delta Asset Management Llc, which manages about $659.71 million and $709.35 million US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 12,658 shares to 766,273 shares, valued at $30.69 million in 2017Q4, according to the filing.

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

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