As Adobe Sys (ADBE) Market Valuation Rose, Pitcairn Company Has Decreased Position by $589,444; Walt Disney Co. (DIS) Holder American National Registered Investment Advisor Lowered Its Stake by $676,200

January 15, 2018 - By Darrin Black

Pitcairn Company decreased its stake in Adobe Sys Inc (ADBE) by 10.25% based on its latest 2017Q3 regulatory filing with the SEC. Pitcairn Company sold 3,956 shares as the company’s stock rose 14.01% with the market. The institutional investor held 34,655 shares of the prepackaged software company at the end of 2017Q3, valued at $5.17 million, down from 38,611 at the end of the previous reported quarter. Pitcairn Company who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $96.15B market cap company. The stock increased 3.24% or $6.13 during the last trading session, reaching $195.05. About 4.25M shares traded or 46.48% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 15, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

American National Registered Investment Advisor Inc decreased its stake in Walt Disney Co. (DIS) by 29.22% based on its latest 2017Q3 regulatory filing with the SEC. American National Registered Investment Advisor Inc sold 6,900 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 16,710 shares of the television services company at the end of 2017Q3, valued at $1.65 million, down from 23,610 at the end of the previous reported quarter. American National Registered Investment Advisor Inc who had been investing in Walt Disney Co. for a number of months, seems to be less bullish one the $169.52B market cap company. The stock increased 1.33% or $1.48 during the last trading session, reaching $112.47. About 5.90 million shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since January 15, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Analysts await The Walt Disney Company (NYSE:DIS) to report earnings on February, 6. They expect $1.59 earnings per share, up 2.58% or $0.04 from last year’s $1.55 per share. DIS’s profit will be $2.40B for 17.68 P/E if the $1.59 EPS becomes a reality. After $1.07 actual earnings per share reported by The Walt Disney Company for the previous quarter, Wall Street now forecasts 48.60% EPS growth.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.20, from 1.09 in 2017Q2. It is negative, as 90 investors sold DIS shares while 649 reduced holdings. 95 funds opened positions while 563 raised stakes. 898.84 million shares or 2.35% less from 920.44 million shares in 2017Q2 were reported. Clean Yield Grp holds 0.21% or 5,231 shares in its portfolio. Eagle Advsrs Limited owns 0.17% invested in The Walt Disney Company (NYSE:DIS) for 56,912 shares. King Luther Management Corp invested in 0.67% or 774,500 shares. Arrowgrass Capital Ptnrs (Us) Ltd Partnership holds 462,378 shares or 0.34% of its portfolio. Bkd Wealth Advsr Ltd holds 0.38% or 34,747 shares in its portfolio. Chicago Equity Partners Ltd Liability Co accumulated 86,980 shares. Bowen Hanes And holds 284,223 shares. Sandhill Partners Limited Liability Company invested in 0.08% or 3,982 shares. State Treasurer State Of Michigan accumulated 988,353 shares or 0.79% of the stock. Cobblestone Cap Advsr Ltd Liability Com Ny holds 0.93% in The Walt Disney Company (NYSE:DIS) or 76,401 shares. Kbc Group Inc Nv owns 0.25% invested in The Walt Disney Company (NYSE:DIS) for 278,206 shares. Fort Washington Investment Advisors Oh reported 73,530 shares stake. Hudson Valley Inv Adv holds 0.94% in The Walt Disney Company (NYSE:DIS) or 36,939 shares. Texas Yale holds 0.15% of its portfolio in The Walt Disney Company (NYSE:DIS) for 17,062 shares. First Financial Bank Sioux Falls holds 0.86% or 2,500 shares.

Among 38 analysts covering The Walt Disney Company (NYSE:DIS), 22 have Buy rating, 3 Sell and 13 Hold. Therefore 58% are positive. The Walt Disney Company had 145 analyst reports since July 24, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Outperform” rating in Wednesday, August 5 report. The rating was downgraded by Wells Fargo to “Hold” on Tuesday, August 25. The rating was maintained by UBS on Monday, December 18 with “Buy”. Credit Suisse maintained The Walt Disney Company (NYSE:DIS) rating on Thursday, May 12. Credit Suisse has “Outperform” rating and $128 target. The firm earned “Hold” rating on Wednesday, April 26 by Needham. On Monday, August 14 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Thursday, August 31, the company rating was maintained by Loop Capital. Macquarie Research upgraded the stock to “Outperform” rating in Wednesday, August 10 report. The stock of The Walt Disney Company (NYSE:DIS) has “Outperform” rating given on Tuesday, August 11 by Credit Suisse. The stock of The Walt Disney Company (NYSE:DIS) has “Hold” rating given on Thursday, September 14 by Cowen & Co.

Since August 9, 2017, it had 1 insider purchase, and 7 sales for $6.56 million activity. Shares for $1.18 million were sold by WARNOCK JOHN E. 21,276 shares valued at $3.97 million were sold by GESCHKE CHARLES M on Wednesday, January 10. Banse Amy bought 1,125 shares worth $199,520. Shares for $379,784 were sold by THOMPSON MATTHEW.

Investors sentiment increased to 1.11 in Q3 2017. 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. Exane Derivatives holds 0.03% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 958 shares. Saturna Corp reported 2.6% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Strs Ohio reported 993,007 shares. Cap Planning Advisors Ltd Liability Corporation holds 1,930 shares. Pinnacle Associate invested in 47,314 shares. The Illinois-based Chicago Equity Prtnrs Ltd Liability Com has invested 0.43% in Adobe Systems Incorporated (NASDAQ:ADBE). Eulav Asset holds 56,000 shares or 0.39% of its portfolio. Deutsche Bancorporation Ag owns 1.27 million shares. Alliancebernstein Ltd Partnership owns 3.85M shares. Moreover, Tiger Mgmt Ltd Liability Co has 6.09% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Barclays Public Ltd Com accumulated 354,806 shares. De Burlo Group Inc owns 3.44% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 104,000 shares. Manitoba – Canada-based Great West Life Assurance Can has invested 0.19% in Adobe Systems Incorporated (NASDAQ:ADBE). Quantbot Technology LP invested 0.26% in Adobe Systems Incorporated (NASDAQ:ADBE). Nelson Van Denburg And Campbell Wealth Mngmt Gp Lc holds 0.01% or 125 shares in its portfolio.

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 $522.52 million for 46.00 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.

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. Pivotal Research downgraded Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, June 12 to “Sell” rating. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, October 8. The firm has “Buy” rating by Pivotal Research given on Friday, December 11. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, June 24 by Cowen & Co. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Overweight” rating given on Tuesday, July 26 by Piper Jaffray. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Neutral” rating given on Wednesday, March 9 by Goldman Sachs. The company was maintained on Thursday, October 19 by Canaccord Genuity. The firm earned “Neutral” rating on Friday, March 18 by Credit Suisse. Robert W. Baird maintained it with “Buy” rating and $160.0 target in Friday, October 6 report. The firm earned “Buy” rating on Friday, September 23 by Argus Research.