Procter & Gamble Co (PG) Holder Lenox Wealth Management Decreased Its Stake by $3.71 Million; As Adobe Sys. Com. (ADBE) Stock Value Rose, Hartwell J M Limited Partnership Has Lifted Holding by $960,210

December 7, 2017 - By Richard Conner

Hartwell J M Limited Partnership increased its stake in Adobe Sys. Inc. Com. (ADBE) by 132.49% based on its latest 2017Q2 regulatory filing with the SEC. Hartwell J M Limited Partnership bought 6,810 shares as the company’s stock rose 14.01% with the market. The hedge fund held 11,950 shares of the prepackaged software company at the end of 2017Q2, valued at $1.69 million, up from 5,140 at the end of the previous reported quarter. Hartwell J M Limited Partnership who had been investing in Adobe Sys. Inc. Com. for a number of months, seems to be bullish on the $85.54 billion market cap company. The stock increased 3.57% or $5.98 during the last trading session, reaching $173.52. About 3.77M shares traded or 29.68% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since December 7, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Lenox Wealth Management Inc decreased its stake in Procter & Gamble Co (PG) by 8.24% based on its latest 2017Q2 regulatory filing with the SEC. Lenox Wealth Management Inc sold 42,599 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 474,348 shares of the package goods and cosmetics company at the end of 2017Q2, valued at $41.34M, down from 516,947 at the end of the previous reported quarter. Lenox Wealth Management Inc who had been investing in Procter & Gamble Co for a number of months, seems to be less bullish one the $231.50 billion market cap company. The stock decreased 0.16% or $0.15 during the last trading session, reaching $91.25. About 6.74 million shares traded. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since December 7, 2016 and is uptrending. It has underperformed by 9.16% the S&P500.




Since June 14, 2017, it had 0 buys, and 1 insider sale for $311,035 activity.

Investors sentiment increased to 1.1 in Q2 2017. Its up 0.10, from 1 in 2017Q1. It increased, as 49 investors sold ADBE shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported. Virtus Investment Advisers owns 30,246 shares. Baldwin Brothers Ma holds 0.25% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 10,789 shares. Leavell Invest Mngmt owns 24,020 shares. Bbva Compass National Bank reported 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Bancshares Of Montreal Can accumulated 657,025 shares or 0.09% of the stock. Delta Asset Management Ltd Llc Tn stated it has 0% in Adobe Systems Incorporated (NASDAQ:ADBE). Tarbox Family Office has invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Nationwide Fund Advsrs has invested 0.4% in Adobe Systems Incorporated (NASDAQ:ADBE). Sei Investments invested in 870,295 shares. Pub Employees Retirement Association Of Colorado, Colorado-based fund reported 94,967 shares. Iberiabank invested in 10,352 shares. Private Advisor Grp Inc Llc accumulated 0.05% or 11,711 shares. Arizona State Retirement System, Arizona-based fund reported 144,622 shares. Boston Private Wealth Limited Com owns 0.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 24,353 shares. Moreover, Tradewinds Limited Com has 0.71% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 9,600 shares.

More important recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Investorplace.com which released: “Trade of the Day: Adobe Systems Incorporated (ADBE)” on November 22, 2017, also Investorplace.com published article titled: “Why You Should Buy Adobe Systems Incorporated Stock”, Investorplace.com published: “Why Adobe Systems Incorporated Stock Is up and Still Going Strong” on November 17, 2017. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) was released by: Investorplace.com and their article: “You’ll Have to Pay Up for Adobe Systems Incorporated” with publication date: November 29, 2017.

Hartwell J M Limited Partnership, which manages about $535.54M and $481.21M US Long portfolio, decreased its stake in Applied Materials (NASDAQ:AMAT) by 12,950 shares to 28,150 shares, valued at $1.16 million in 2017Q2, according to the filing. It also reduced its holding in Cl A by 535 shares in the quarter, leaving it with 21,735 shares, and cut its stake in Facebook Inc Cl A (NASDAQ:FB).

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. Therefore 79% are positive. Adobe Systems had 125 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Thursday, August 31. Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 21 with “Neutral” rating. Cowen & Co maintained the shares of ADBE in report on Thursday, July 27 with “Buy” rating. On Wednesday, October 25 the stock rating was maintained by Argus Research with “Buy”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Friday, March 18 by Citigroup. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Cowen & Co on Wednesday, August 30. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Argus Research on Monday, December 14. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Deutsche Bank on Wednesday, March 23. As per Wednesday, September 21, the company rating was maintained by Morgan Stanley. The firm has “Overweight” rating by Atlantic Securities given on Wednesday, October 14.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on January, 19. They expect $1.14 EPS, up 5.56% or $0.06 from last year’s $1.08 per share. PG’s profit will be $2.89B for 20.01 P/E if the $1.14 EPS becomes a reality. After $1.09 actual EPS reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts 4.59% EPS growth.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Forbes.com which released: “Procter & Gamble Reveals Hedge Fund Billionaire Nelson Peltz Is Ahead In Board …” on November 15, 2017, also Bloomberg.com with their article: “P&G Becomes Improbable Supporter of Ingredient Disclosure Rule” published on December 07, 2017, Investorplace.com published: “Procter & Gamble Co (PG) a Buy on Robust Earnings Momentum” on November 13, 2017. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Seekingalpha.com and their article: “The Procter & Gamble Company (PG) Presents at Morgan Stanley Global Consumer …” published on November 15, 2017 as well as Investorplace.com‘s news article titled: “Earnings Momentum Makes Procter & Gamble Co (PG) a Buy” with publication date: November 20, 2017.

Investors sentiment increased to 0.94 in Q2 2017. Its up 0.18, from 0.76 in 2017Q1. It increased, as 63 investors sold PG shares while 714 reduced holdings. 112 funds opened positions while 620 raised stakes. 1.48 billion shares or 0.78% less from 1.49 billion shares in 2017Q1 were reported. Edge Wealth Mgmt Lc stated it has 1,640 shares. Welch Capital Partners Llc New York reported 0.18% in The Procter & Gamble Company (NYSE:PG). Azimuth Cap Mgmt Limited Liability holds 122,436 shares or 0.84% of its portfolio. Narwhal Mngmt accumulated 48,245 shares or 1.09% of the stock. Bonness Inc holds 1.09% or 16,400 shares in its portfolio. Moreover, Exchange Capital has 2.11% invested in The Procter & Gamble Company (NYSE:PG). Aviva Public Limited Co reported 0.88% stake. Moreover, Petrus Lta has 1.13% invested in The Procter & Gamble Company (NYSE:PG) for 55,711 shares. Tower Bridge stated it has 152,144 shares or 0% of all its holdings. Clifford Swan Counsel Limited Company has 1.27% invested in The Procter & Gamble Company (NYSE:PG). Inspirion Wealth Advsrs Ltd Liability holds 14,783 shares. Hbk Sorce Advisory Ltd Company reported 0.65% stake. Agf Invs Incorporated holds 167,904 shares or 0.17% of its portfolio. Brown Advisory invested in 0.27% or 1.02 million shares. Welch Limited Liability Company has 3.02% invested in The Procter & Gamble Company (NYSE:PG).

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. Proctor & Gamble had 70 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus upgraded it to “Buy” rating and $85.0 target in Tuesday, January 19 report. The firm earned “Neutral” rating on Wednesday, January 27 by UBS. The stock has “Buy” rating by Jefferies on Tuesday, October 17. The rating was initiated by Jefferies with “Buy” on Wednesday, June 15. The rating was upgraded by Goldman Sachs on Wednesday, January 27 to “Buy”. The stock of The Procter & Gamble Company (NYSE:PG) has “Buy” rating given on Wednesday, April 19 by Jefferies. The rating was downgraded by Goldman Sachs to “Sell” on Monday, January 9. The company was downgraded on Friday, August 7 by Vetr. The firm has “Hold” rating by TheStreet given on Tuesday, August 4. The firm has “Overweight” rating given on Thursday, October 29 by Barclays Capital.

Lenox Wealth Management Inc, which manages about $693.17M and $246.68M US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 5,121 shares to 17,278 shares, valued at $2.49M in 2017Q2, according to the filing.

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.