Adobe Sys (ADBE) Stock Price Rose While Hanson Mcclain Has Lifted Stake by $333,035; Procter & Gamble Co (PG) Market Valuation Declined While Thrivent Financial For Lutherans Has Trimmed Position by $1.10 Million

June 19, 2018 - By Adrian Erickson

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Hanson Mcclain Inc increased its stake in Adobe Sys Inc (ADBE) by 734.12% based on its latest 2018Q1 regulatory filing with the SEC. Hanson Mcclain Inc bought 1,549 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 1,760 shares of the prepackaged software company at the end of 2018Q1, valued at $380,000, up from 211 at the end of the previous reported quarter. Hanson Mcclain Inc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $123.62B market cap company. The stock decreased 1.83% or $4.67 during the last trading session, reaching $251.02. About 2.65 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 19, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 17/04/2018 – Adobe Doesn’t Disclose Financial Details of Deal; 15/03/2018 – Photoshop maker Adobe’s revenue rises 24 percent; 08/05/2018 – Change Healthcare Teams Up with Adobe and Microsoft to Put the “Consumer” in Healthcare Consumer Engagement; 06/04/2018 – CFO Moves: Adobe Systems; 23/05/2018 – MarketingLand: Adobe suits up for e-commerce competition with its purchase of Magento; 15/03/2018 – Adobe Systems 2Q Net $583.1M; 23/03/2018 – Branch Becomes Premier Level Partner in Adobe Exchange Partner Program to Drive Digital Experience and Measurement Innovations for Enterprise Marketers; 06/04/2018 – The CEOs from Microsoft, Adobe, and Mastercard have all graduated from this high school. via @CNBCMakeIt; 26/03/2018 – MEDIA ALERT: Adobe and Microsoft Extend Global Partnership Into China; 26/03/2018 – Tech Trader: Adobe: Some Serious Risks Lurk in JMP’s Sudden Downgrade

Thrivent Financial For Lutherans decreased its stake in Procter & Gamble Co (PG) by 8.71% based on its latest 2018Q1 regulatory filing with the SEC. Thrivent Financial For Lutherans sold 13,919 shares as the company’s stock declined 8.97% with the market. The institutional investor held 145,838 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $11.56M, down from 159,757 at the end of the previous reported quarter. Thrivent Financial For Lutherans who had been investing in Procter & Gamble Co for a number of months, seems to be less bullish one the $191.81 billion market cap company. The stock increased 0.58% or $0.44 during the last trading session, reaching $76.28. About 4.76M shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since June 19, 2017 and is downtrending. It has underperformed by 27.02% the S&P500. Some Historical PG News: 05/04/2018 – ASCENT RESOURCES PLC ASCR.L – PG-10 CONTINUES TO PERFORM IN LINE WITH EXPECTATIONS; 17/04/2018 – 13D: TRIAN’S JOSH FRANK SAYS STILL `EARLY DAYS’ WITH P&G; 19/04/2018 – P&G: The $1 Billion Consumer Health Business of Merck KGaA Grew 6% Over the Past Two Years; 19/04/2018 – P&G to Acquire Merck KGaA’s Consumer-Health Unit — 2d Update; 19/04/2018 – PROCTER & GAMBLE COMPANY – HAS SIGNED AGREEMENT TO ACQUIRE CONSUMER HEALTH BUSINESS OF MERCK KGAA, FOR PURCHASE PRICE OF ABOUT 3.4 BLN EURO; 03/04/2018 – CNBC: Pfizer and P&G are in talks on sale of consumer business, though far apart in price; 05/03/2018 – Illusive Networks Named Winner in the 14th Annual Info Security PG’s 2018 Global Excellence Awards®; 30/05/2018 – Dreyfus Third Century Adds Merck & Co, Exits P&G; 09/04/2018 – P&G to Bring Ad Holding Company Rivals Together to Form New Creative Agency; 03/04/2018 – RT @CNBCnow: NEW: Pfizer in talks with P&G on the sale of its consumer business, but the companies are far apart on price, sources tell @Da…

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on July, 26. They expect $0.91 EPS, up 7.06% or $0.06 from last year’s $0.85 per share. PG’s profit will be $2.29B for 20.96 P/E if the $0.91 EPS becomes a reality. After $1.00 actual EPS reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts -9.00% negative EPS growth.

Thrivent Financial For Lutherans, which manages about $82.94 billion and $29.56 billion US Long portfolio, upped its stake in Alexandria Real Estate Equity (NYSE:ARE) by 10,302 shares to 113,583 shares, valued at $14.19 million in 2018Q1, according to the filing. It also increased its holding in American Tower Corp (NYSE:AMT) by 64,519 shares in the quarter, for a total of 226,194 shares, and has risen its stake in Denbury Resources Inc (NYSE:DNR).

Since February 15, 2018, it had 0 insider purchases, and 10 sales for $8.44 million activity. $668,179 worth of The Procter & Gamble Company (NYSE:PG) was sold by Pritchard Marc S.. Skoufalos Ioannis had sold 4,098 shares worth $317,221. 1,313 shares valued at $103,190 were sold by Fish Kathleen B on Wednesday, February 28. Schomburger Jeffrey K sold $3.07 million worth of stock or 37,776 shares. On Tuesday, May 15 Coombe Gary A sold $113,533 worth of The Procter & Gamble Company (NYSE:PG) or 1,529 shares. Shares for $739,189 were sold by Posada Juan Fernando.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.11, from 0.89 in 2017Q4. It dived, as 71 investors sold PG shares while 786 reduced holdings. 112 funds opened positions while 556 raised stakes. 1.51 billion shares or 2.21% more from 1.47 billion shares in 2017Q4 were reported. Moreover, Cape Cod Five Cents National Bank & Trust has 0.95% invested in The Procter & Gamble Company (NYSE:PG). Livingston Grp Inc Asset Com (Operating As Southport Capital Management) has invested 1.01% in The Procter & Gamble Company (NYSE:PG). Denver, a Colorado-based fund reported 27,635 shares. Ingalls Snyder Ltd Limited Liability Company owns 373,095 shares. Wheatland Advsrs owns 14,123 shares. Baker Boyer State Bank holds 5,632 shares. Wellington Shields Cap Ltd Liability Corporation has invested 0.51% of its portfolio in The Procter & Gamble Company (NYSE:PG). Thompson Siegel And Walmsley Llc accumulated 0.05% or 54,370 shares. Moreover, Forward Limited Liability has 0.1% invested in The Procter & Gamble Company (NYSE:PG) for 8,490 shares. Stelac Advisory Services Limited Com accumulated 1.12% or 46,833 shares. Schroder Invest Management Gru stated it has 0.68% of its portfolio in The Procter & Gamble Company (NYSE:PG). Marshwinds Advisory Co accumulated 43,347 shares. Baystate Wealth Mngmt Limited Liability invested in 8,377 shares or 0.09% of the stock. Tompkins Corp owns 0.84% invested in The Procter & Gamble Company (NYSE:PG) for 47,268 shares. Plante Moran Financial Advsrs Llc reported 15,732 shares.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Proctor & Gamble had 90 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded The Procter & Gamble Company (NYSE:PG) rating on Wednesday, December 21. Stifel Nicolaus has “Hold” rating and $86 target. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, September 5. Pritchard Capital maintained The Procter & Gamble Company (NYSE:PG) rating on Wednesday, August 19. Pritchard Capital has “Sell” rating and $91.73 target. Argus Research downgraded The Procter & Gamble Company (NYSE:PG) on Friday, April 20 to “Hold” rating. The stock of The Procter & Gamble Company (NYSE:PG) has “Equal-Weight” rating given on Friday, April 20 by Morgan Stanley. The stock of The Procter & Gamble Company (NYSE:PG) earned “Neutral” rating by UBS on Wednesday, January 27. As per Tuesday, May 30, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Tuesday, August 4 by TheStreet. Stifel Nicolaus maintained The Procter & Gamble Company (NYSE:PG) rating on Monday, September 18. Stifel Nicolaus has “Hold” rating and $90.0 target. As per Wednesday, October 26, the company rating was maintained by B. Riley & Co.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Seekingalpha.com which released: “Lanny’s Recent Stock Purchase – Procter & Gamble” on June 09, 2018, also Seekingalpha.com with their article: “It Is No Longer A Gamble Investing In Procter & Gamble: Part 5” published on June 14, 2018, Fool.com published: “3 Terrible Reasons to Buy Procter & Gamble” on May 25, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Bizjournals.com and their article: “P&G drafts Stanley Cup star for ad campaign” published on June 15, 2018 as well as Seekingalpha.com‘s news article titled: “Procter & Gamble recommits to Russia” with publication date: May 24, 2018.

Since January 10, 2018, it had 0 insider buys, and 16 insider sales for $87.63 million activity. Lewnes Ann sold $680,503 worth of stock. Shares for $1.26 million were sold by DILLON MICHAEL A on Wednesday, January 31. 3,000 shares valued at $671,316 were sold by WARNOCK JOHN E on Wednesday, April 11. Another trade for 54,488 shares valued at $10.21 million was sold by GARRETT MARK. Morris Donna had sold 29,404 shares worth $5.81M on Wednesday, January 24. NARAYEN SHANTANU had sold 165,023 shares worth $32.66 million.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 164 analyst reports since August 11, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of ADBE in report on Wednesday, September 21 with “Neutral” rating. The stock has “Hold” rating by Deutsche Bank on Monday, October 16. JP Morgan maintained it with “Neutral” rating and $260 target in Friday, June 15 report. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 19 report. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, June 20. On Friday, March 16 the stock rating was maintained by Stephens with “Buy”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Robert W. Baird on Tuesday, May 22. Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 16. Canaccord Genuity has “Buy” rating and $245 target. The company was maintained on Thursday, June 8 by BMO Capital Markets. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, January 11.

Investors sentiment increased to 0.9 in Q1 2018. Its up 0.01, from 0.89 in 2017Q4. It is positive, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. Bristol John W And Ny stated it has 368,924 shares. Nuwave Management Limited Liability Com owns 0.26% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 769 shares. Neuberger Berman Gp Ltd Liability has 98,684 shares for 0.02% of their portfolio. Congress Asset Mgmt Ma invested in 1.25% or 411,850 shares. Perkins Coie Commerce, Washington-based fund reported 800 shares. 23,950 are held by Highbridge Capital. The New York-based Group Inc has invested 0.16% in Adobe Systems Incorporated (NASDAQ:ADBE). Regentatlantic Capital Limited Liability Company holds 11,572 shares or 0.21% of its portfolio. Notis invested in 0.4% or 3,060 shares. First Hawaiian Retail Bank, Hawaii-based fund reported 1,930 shares. Gotham Asset Management owns 23,312 shares or 0.07% of their US portfolio. Tru Of Virginia Va has 0.03% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Evermay Wealth Limited Liability holds 1,653 shares or 0.12% of its portfolio. Great Lakes Advsr Lc stated it has 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Veritable Lp has invested 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Hanson Mcclain Inc, which manages about $1.61 billion and $1.30 billion US Long portfolio, decreased its stake in Ishares Tr (USMV) by 23,566 shares to 117,161 shares, valued at $6.08M in 2018Q1, according to the filing. It also reduced its holding in Vanguard Whitehall Fds Inc (VYM) by 956,086 shares in the quarter, leaving it with 352,110 shares, and cut its stake in Vanguard Intl Equity Index F (VWO).

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Will Adobe Pop After Earnings?” on June 13, 2018, also Businesswire.com with their article: “Adobe Delivers New Adobe Sign Innovation; Advances Microsoft Partnership” published on June 19, 2018, Seekingalpha.com published: “Adobe: High Volatility Come Earnings Time” on June 14, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: 247Wallst.com and their article: “Record Revenue Not Enough to Pull Up Adobe” published on June 15, 2018 as well as Fool.com‘s news article titled: “Why Adobe Systems Stock Jumped 12.5% in May” with publication date: June 11, 2018.

The Procter & Gamble Company (NYSE:PG) Institutional Positions Chart

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