Stock News

Usa Financial Portformulas Upped Adobe Sys (ADBE) Holding; Coca Cola Co (KO) Shareholder Sterneck Capital Management Lowered Holding by $472,050

Usa Financial Portformulas Corp increased its stake in Adobe Sys Inc (ADBE) by 4.97% based on its latest 2017Q3 regulatory filing with the SEC. Usa Financial Portformulas Corp bought 2,183 shares as the company’s stock rose 14.01% with the market. The institutional investor held 46,086 shares of the prepackaged software company at the end of 2017Q3, valued at $6.88M, up from 43,903 at the end of the previous reported quarter. Usa Financial Portformulas Corp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $96.48 billion market cap company. The stock decreased 0.24% or $0.47 during the last trading session, reaching $195.73. About 2.34M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 21, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Sterneck Capital Management Llc decreased its stake in Coca Cola Co (KO) by 17.4% based on its latest 2017Q3 regulatory filing with the SEC. Sterneck Capital Management Llc sold 10,490 shares as the company’s stock rose 6.48% with the market. The institutional investor held 49,798 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $2.24 million, down from 60,288 at the end of the previous reported quarter. Sterneck Capital Management Llc who had been investing in Coca Cola Co for a number of months, seems to be less bullish one the $200.93B market cap company. The stock increased 0.60% or $0.28 during the last trading session, reaching $47.16. About 16.19M shares traded or 53.24% up from the average. The Coca-Cola Company (NYSE:KO) has declined 0.95% since January 21, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

Usa Financial Portformulas Corp, which manages about $270.85M and $419.62M US Long portfolio, decreased its stake in Lhc Group Inc (NASDAQ:LHCG) by 4,521 shares to 5,225 shares, valued at $371,000 in 2017Q3, according to the filing. It also reduced its holding in Micron Technology Inc (NASDAQ:MU) by 81,971 shares in the quarter, leaving it with 119,433 shares, and cut its stake in Orasure Technologies Inc (NASDAQ:OSUR).

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It is positive, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Addenda Cap Inc, Quebec – Canada-based fund reported 44,112 shares. The Ontario – Canada-based Breton Hill Capital Ltd has invested 0.16% in Adobe Systems Incorporated (NASDAQ:ADBE). Amer Natl Registered Investment Advisor stated it has 0.55% in Adobe Systems Incorporated (NASDAQ:ADBE). Stralem owns 147,860 shares for 3.18% of their portfolio. Gamco Investors Incorporated Et Al has 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE). First Natl invested 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Pinnacle Associate reported 0.13% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). First Quadrant LP Ca owns 7,200 shares for 0.02% of their portfolio. Glenmede Trust Na owns 67,625 shares for 0.04% of their portfolio. Fort Point Prns Ltd Company accumulated 0.13% or 1,791 shares. Moreover, Bnp Paribas Asset Mgmt Holdings has 0.19% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Tiemann Invest Limited Liability holds 0.32% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 2,530 shares. Newbrook Capital Advsr LP has invested 2.91% in Adobe Systems Incorporated (NASDAQ:ADBE). Forte Cap Adv holds 1.74% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 36,374 shares. Contravisory Investment accumulated 90 shares or 0% of the stock.

Since August 9, 2017, it had 1 insider purchase, and 7 selling transactions for $6.56 million activity. $379,784 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by THOMPSON MATTHEW. Banse Amy bought $199,520 worth of stock. The insider WARNOCK JOHN E sold $1.18M. GESCHKE CHARLES M had sold 21,276 shares worth $3.97 million on Wednesday, January 10.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 135 analyst reports since August 11, 2015 according to SRatingsIntel. Guggenheim maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, January 10. Guggenheim has “Buy” rating and $212.0 target. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, December 8 with “Buy” rating. The firm earned “Overweight” rating on Friday, December 11 by JP Morgan. On Friday, March 18 the stock rating was maintained by Goldman Sachs with “Neutral”. Robert W. Baird maintained the shares of ADBE in report on Friday, October 6 with “Buy” rating. Piper Jaffray maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Monday, October 16. Piper Jaffray has “Buy” rating and $180.0 target. Goldman Sachs maintained the shares of ADBE in report on Wednesday, September 21 with “Neutral” rating. FBR Capital maintained the shares of ADBE in report on Wednesday, October 7 with “Mkt Perform” rating. Deutsche Bank downgraded the shares of ADBE in report on Monday, October 16 to “Hold” rating. Piper Jaffray maintained the stock with “Buy” rating in Sunday, August 6 report.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.14, from 0.94 in 2017Q2. It dropped, as 48 investors sold KO shares while 641 reduced holdings. 94 funds opened positions while 456 raised stakes. 2.73 billion shares or 0.93% more from 2.70 billion shares in 2017Q2 were reported. New York-based Edgewood Mgmt has invested 0.01% in The Coca-Cola Company (NYSE:KO). Milestone Grp accumulated 0.14% or 19,580 shares. Peapack Gladstone holds 0.17% or 65,704 shares in its portfolio. Security Natl Trust reported 0.8% in The Coca-Cola Company (NYSE:KO). Middleton Inc Ma has invested 0.14% of its portfolio in The Coca-Cola Company (NYSE:KO). Gw Henssler & Associates Limited accumulated 60,713 shares. Ny State Teachers Retirement System invested in 6.30M shares or 0.71% of the stock. Grace And White Incorporated Ny has 7,066 shares. Palisades Hudson Asset Mngmt Limited Partnership reported 0.25% of its portfolio in The Coca-Cola Company (NYSE:KO). Barbara Oil Communications owns 25,000 shares or 0.78% of their US portfolio. Capital Glob Investors holds 0.66% or 48.41 million shares. Assetmark stated it has 9,551 shares. Cap Advsrs Limited stated it has 0.01% of its portfolio in The Coca-Cola Company (NYSE:KO). Paradigm Advsrs Limited Liability Co stated it has 44,565 shares or 1.01% of all its holdings. Verus owns 0.13% invested in The Coca-Cola Company (NYSE:KO) for 7,314 shares.

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on February, 13 before the open. They expect $0.38 earnings per share, up 2.70% or $0.01 from last year’s $0.37 per share. KO’s profit will be $1.62 billion for 31.03 P/E if the $0.38 EPS becomes a reality. After $0.50 actual earnings per share reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts -24.00% negative EPS growth.

Sterneck Capital Management Llc, which manages about $314.88M and $174.40M US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 17,464 shares to 138,941 shares, valued at $3.36 million in 2017Q3, according to the filing. It also increased its holding in First Tr Energy Infrastrctr (FIF) by 28,587 shares in the quarter, for a total of 63,565 shares, and has risen its stake in Teva Pharmaceutical Inds Ltd (NYSE:TEVA).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *