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Edgemoor Investment Advisors Has Trimmed Position in Eastman Chem Co (EMN) as Valuation Declined; As Adobe Sys (ADBE) Market Value Rose, Shareholder Trinity Street Asset Management Llp Decreased by $1.12 Million Its Position

Trinity Street Asset Management Llp decreased its stake in Adobe Sys Inc (ADBE) by 3.17% based on its latest 2017Q3 regulatory filing with the SEC. Trinity Street Asset Management Llp sold 7,498 shares as the company’s stock rose 14.01% with the market. The institutional investor held 229,214 shares of the prepackaged software company at the end of 2017Q3, valued at $34.19M, down from 236,712 at the end of the previous reported quarter. Trinity Street Asset Management Llp who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $94.46 billion market cap company. The stock increased 2.21% or $4.16 during the last trading session, reaching $192.15. About 2.82 million shares traded or 1.58% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 13, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Edgemoor Investment Advisors Inc decreased its stake in Eastman Chem Co (EMN) by 3.59% based on its latest 2017Q3 regulatory filing with the SEC. Edgemoor Investment Advisors Inc sold 3,458 shares as the company’s stock declined 2.09% while stock markets rallied. The institutional investor held 92,779 shares of the major chemicals company at the end of 2017Q3, valued at $8.40M, down from 96,237 at the end of the previous reported quarter. Edgemoor Investment Advisors Inc who had been investing in Eastman Chem Co for a number of months, seems to be less bullish one the $13.95 billion market cap company. The stock increased 2.87% or $2.72 during the last trading session, reaching $97.52. About 1.76M shares traded or 45.27% up from the average. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since February 13, 2017 and is uptrending. It has underperformed by 9.10% the S&P500.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. Bank of America maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, December 13 with “Buy” rating. The firm has “Buy” rating given on Wednesday, September 20 by Jefferies. Pivotal Research downgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, January 12. Pivotal Research has “Hold” rating and $10 target. On Thursday, August 31 the stock rating was maintained by Robert W. Baird with “Buy”. Citigroup maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, March 18 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and $185.0 target in Thursday, October 19 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Thursday, December 14 by Canaccord Genuity. The firm earned “Overweight” rating on Friday, December 11 by JP Morgan. The company was upgraded on Friday, March 24 by Credit Suisse. BMO Capital Markets initiated it with “Outperform” rating and $125 target in Thursday, January 5 report.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It increased, 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. Schaper Benz & Wise Counsel Wi owns 109,682 shares or 2.54% of their US portfolio. Ashmore Wealth Mngmt Limited Liability reported 291,935 shares. Private Asset Mngmt accumulated 216 shares. Brinker Capital Incorporated accumulated 0.04% or 7,118 shares. Stevens Cap Lp, Pennsylvania-based fund reported 8,806 shares. Moreover, Koshinski Asset has 0.66% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Bessemer Grp reported 8,635 shares stake. Ngam LP invested in 108,144 shares or 0.17% of the stock. Bluemountain Limited Liability holds 0.1% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 31,694 shares. Glg Ptnrs Lp has 48,465 shares for 0.38% of their portfolio. 8,268 were reported by Zeke Cap Advsr Ltd Liability. Commonwealth Natl Bank Of invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Massachusetts-based Commonwealth Equity Services has invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Personal Cap Corporation has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). 133,744 are owned by Maplelane Capital Ltd Liability.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. They expect $1.06 EPS, up 35.90% or $0.28 from last year’s $0.78 per share. ADBE’s profit will be $521.07M for 45.32 P/E if the $1.06 EPS becomes a reality. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth.

Since September 13, 2017, it had 1 insider buy, and 14 insider sales for $79.49 million activity. On Wednesday, January 31 LAMKIN BRYAN sold $5.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 30,000 shares. NARAYEN SHANTANU also sold $32.66 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 24. $10.21 million worth of stock was sold by GARRETT MARK on Tuesday, February 6. Banse Amy had bought 1,125 shares worth $199,520. $1.26M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by DILLON MICHAEL A on Wednesday, January 31. Another trade for 1,953 shares valued at $338,846 was sold by Lewnes Ann.

Among 17 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 6 Hold. Therefore 53% are positive. Eastman Chemical Company had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Thursday, July 13 with “Buy”. RBC Capital Markets maintained Eastman Chemical Company (NYSE:EMN) rating on Monday, October 9. RBC Capital Markets has “Hold” rating and $91.0 target. The firm has “Underperform” rating given on Monday, May 2 by Credit Agricole. The company was downgraded on Monday, May 2 by CLSA. The stock of Eastman Chemical Company (NYSE:EMN) has “Buy” rating given on Friday, June 16 by Jefferies. RBC Capital Markets maintained Eastman Chemical Company (NYSE:EMN) on Monday, November 2 with “Outperform” rating. Citigroup upgraded the stock to “Buy” rating in Tuesday, January 5 report. The company was maintained on Friday, May 26 by Deutsche Bank. RBC Capital Markets maintained Eastman Chemical Company (NYSE:EMN) rating on Tuesday, September 5. RBC Capital Markets has “Hold” rating and $86.0 target. The firm has “Hold” rating given on Monday, October 30 by RBC Capital Markets.

Edgemoor Investment Advisors Inc, which manages about $707.10 million and $739.39 million US Long portfolio, upped its stake in Enbridge Inc (NYSE:ENB) by 10,230 shares to 171,823 shares, valued at $7.19M in 2017Q3, according to the filing.

Since August 22, 2017, it had 0 insider purchases, and 4 sales for $1.65 million activity. 4,417 shares were sold by WARMACK DAMON CARY, worth $435,516 on Wednesday, February 7. DEMERITT STEPHEN R sold 4,000 shares worth $399,360. $337,720 worth of Eastman Chemical Company (NYSE:EMN) was sold by HORNBAKER RENEE J on Tuesday, August 22.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.04, from 1.14 in 2017Q2. It improved, as 32 investors sold EMN shares while 175 reduced holdings. 67 funds opened positions while 178 raised stakes. 115.86 million shares or 0.58% less from 116.54 million shares in 2017Q2 were reported. Moreover, Fifth Third National Bank has 0.01% invested in Eastman Chemical Company (NYSE:EMN) for 14,048 shares. Edgemoor Advsrs has invested 1.14% in Eastman Chemical Company (NYSE:EMN). Nordea Investment Mngmt Ab has 0.13% invested in Eastman Chemical Company (NYSE:EMN) for 616,273 shares. Lord Abbett Limited Liability invested in 0.3% or 1.13M shares. Magnetar Ltd Co owns 4,175 shares. Scotia Capital Inc holds 0.01% or 8,089 shares. Boston Advsrs Limited Liability Corporation reported 0.02% stake. Bluecrest Cap reported 0.4% stake. Envestnet Asset Management holds 0.01% or 49,603 shares. Meiji Yasuda Life Insur, a Japan-based fund reported 15,370 shares. Moreover, Segall Bryant And Hamill Lc has 0.12% invested in Eastman Chemical Company (NYSE:EMN) for 56,524 shares. Da Davidson And accumulated 0.02% or 12,770 shares. Calamos Advsr Ltd invested in 0% or 3,170 shares. Glob X Management Co Ltd Liability, a New York-based fund reported 3,979 shares. Moneta Group Investment Advisors Ltd reported 3,800 shares.

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