Wells Fargo Co New (WFC) Holder Homrich & Berg Has Raised Its Holding by $553,748; Livforsakringsbolaget Skandia Omsesidigt Boosted Abbott Laboratories (ADBE) Holding by $4.12 Million

June 23, 2018 - By Richard Conner

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Abbott Laboratories (ADBE) by 49.29% based on its latest 2018Q1 regulatory filing with the SEC. Livforsakringsbolaget Skandia Omsesidigt bought 3,700 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 11,207 shares of the prepackaged software company at the end of 2018Q1, valued at $12.48 million, up from 7,507 at the end of the previous reported quarter. Livforsakringsbolaget Skandia Omsesidigt who had been investing in Abbott Laboratories for a number of months, seems to be bullish on the $119.98 billion market cap company. The stock decreased 2.09% or $5.2 during the last trading session, reaching $243.63. About 3.39 million shares traded or 14.34% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 23, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 09/05/2018 – Australian Gov: US Patent Issued to ADOBE SYSTEMS on May 8 for “Online source separation” (California, Illinois Inventors); 27/03/2018 – ADOBE UNVEILS SYSTEM OF RECORD TO CREATE CONSUMER AD PROFILES; 27/03/2018 – SnapLogic Announces Integration with Adobe Cloud Platform to Close the Customer Experience Gap; 15/03/2018 – ADOBE: UNLIKELY TO BUY ANY LARGE CO., WILL GROW ORGANICALLY; 27/03/2018 – ADOBE UNVEILS ANALYTICS TOOL FOR AUDIO, INCLUDING PODCASTS; 27/03/2018 – Cloudwords introduces Adobe Experience Manager 6.4 integration available in Cloudwords Marketplace; 15/03/2018 – Adobe Results Top Analyst Forecasts on Growing Software Suite; 05/04/2018 – ADBE: Adobe names John Murpy as CFO, effective April 9 [MORE]; 17/04/2018 – Adobe Announces Deal on Company Website; 27/03/2018 – ADOBE: AI MEANT TO ASSIST, RATHER THAN REPLACE, WORKERS

Homrich & Berg increased its stake in Wells Fargo Co New (WFC) by 38.78% based on its latest 2018Q1 regulatory filing with the SEC. Homrich & Berg bought 10,649 shares as the company’s stock declined 8.45% with the market. The institutional investor held 38,112 shares of the major banks company at the end of 2018Q1, valued at $2.00 million, up from 27,463 at the end of the previous reported quarter. Homrich & Berg who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $262.84 billion market cap company. The stock decreased 0.79% or $0.43 during the last trading session, reaching $53.94. About 24.54M shares traded or 27.34% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 23, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 01/05/2018 – WELLS FARGO IN THE MIDST OF REVIEWING 401K PRACTICES: CEO SAYS; 12/04/2018 – REV Group at Wells Fargo Industrials Conference May 8; 04/05/2018 – JUST IN: Wells Fargo reaches agreement in principle to resolve securities fraud class action suit, will pay $480M as part of the settlement; 05/05/2018 – BUFFETT SAYS CONSUMER PACKAGED GOODS ARE STILL A GREAT INVESTMENT IN TERMS OF RETURN ON TANGIBLE NET ASSETS; 08/05/2018 – Horizon Global at Wells Fargo Industrials Conference Tomorrow; 13/04/2018 – More Wells Fargo Advisors Jump Ship — Barrons.com; 05/04/2018 – WELLS FARGO PLANS TO INTEGRATE CORPORATE, INVESTMENT BANK; LAYOFFS MAY FOLLOW – WSJ, CITING; 07/05/2018 – Wabtec at Wells Fargo Industrials Conference Tomorrow; 05/03/2018 – AdvisorHub: Citi, Wells Lose Vets as Banks Sharpen Recruiting Knives; 12/04/2018 – Allegion Presenting at Wells Fargo Industrials Conference May 8

Investors sentiment decreased to 0.59 in 2018 Q1. Its down 0.16, from 0.75 in 2017Q4. It is negative, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. Twin Capital Mgmt, a Pennsylvania-based fund reported 219,220 shares. Bnp Paribas Arbitrage Sa has 1.61 million shares. Essex Service has 0.7% invested in Wells Fargo & Company (NYSE:WFC) for 68,330 shares. Cornercap Investment Counsel Inc reported 121,449 shares. Buffington Mohr Mcneal reported 0.12% of its portfolio in Wells Fargo & Company (NYSE:WFC). Artisan Prns Lp stated it has 0.17% in Wells Fargo & Company (NYSE:WFC). Advisory Service Inc holds 5,722 shares or 0.09% of its portfolio. Peak6 Invs Lp accumulated 386,856 shares. Hartford Invest holds 905,230 shares or 0.94% of its portfolio. The New Jersey-based Murphy has invested 0.14% in Wells Fargo & Company (NYSE:WFC). Hartford Mgmt Inc reported 1.18% of its portfolio in Wells Fargo & Company (NYSE:WFC). X Mgmt Limited Co, a New York-based fund reported 30,789 shares. Hikari Tsushin invested 11.01% in Wells Fargo & Company (NYSE:WFC). Keybank Natl Association Oh holds 951,395 shares or 0.29% of its portfolio. Glovista Lc has invested 0.12% in Wells Fargo & Company (NYSE:WFC).

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Stocks To Watch: More Trade Tiffs And Stress Tests” on June 23, 2018, also Fool.com with their article: “Why Wells Fargo Is Leaving the Midwest Behind” published on June 06, 2018, Fool.com published: “Is Wells Fargo & Company a Buy?” on June 15, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “Wells Fargo sheds almost 100 jobs in pricey San Francisco” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Only Buy On Weakness” with publication date: May 26, 2018.

Homrich & Berg, which manages about $3.37B and $1.44B US Long portfolio, decreased its stake in Ubs Ag Jersey Brh (MLPI) by 106,371 shares to 3.03 million shares, valued at $64.10M in 2018Q1, according to the filing. It also reduced its holding in Comcast Corp New (NASDAQ:CMCSA) by 11,780 shares in the quarter, leaving it with 15,357 shares, and cut its stake in Vanguard Bd Index Fd Inc (BSV).

Since May 24, 2018, it had 0 insider buys, and 1 sale for $1.40 million activity.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Evercore on Wednesday, April 19 with “Outperform”. RBC Capital Markets maintained Wells Fargo & Company (NYSE:WFC) rating on Thursday, July 27. RBC Capital Markets has “Buy” rating and $6000 target. JP Morgan downgraded the shares of WFC in report on Wednesday, September 21 to “Neutral” rating. Jefferies maintained it with “Hold” rating and $5600 target in Sunday, April 15 report. Rafferty downgraded it to “Sell” rating and $54.50 target in Wednesday, April 12 report. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) rating on Thursday, June 22. Keefe Bruyette & Woods has “Buy” rating and $6200 target. The stock has “Hold” rating by Sandler O’Neill on Wednesday, April 12. S&P Research maintained Wells Fargo & Company (NYSE:WFC) rating on Thursday, August 13. S&P Research has “Buy” rating and $62 target. The firm has “Buy” rating given on Thursday, October 15 by Guggenheim. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Wednesday, September 2 by Sandler O’Neill.

Livforsakringsbolaget Skandia Omsesidigt, which manages about $1.03B US Long portfolio, decreased its stake in Amgen Inc (NASDAQ:AMGN) by 8,200 shares to 50,496 shares, valued at $3.54 million in 2018Q1, according to the filing. It also reduced its holding in Corning Inc (NYSE:GLW) by 25,100 shares in the quarter, leaving it with 13,643 shares, and cut its stake in Aptiv Plc.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Fool.com which released: “How Adobe Crushed Its Own Targets — Again” on June 21, 2018, also Seekingalpha.com with their article: “SAP unveils new bundled product, announces acquisition” published on June 05, 2018, Benzinga.com published: “Wall Street Reacts After Adobe Posts Q2 Earnings Beat” on June 17, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “Adobe: Strong Growth Is Inevitable” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Adobe: Buying Ahead Of Earnings” with publication date: June 07, 2018.

Since January 10, 2018, it had 0 insider purchases, and 17 insider sales for $89.16 million activity. Another trade for 6,000 shares valued at $1.53M was made by GESCHKE CHARLES M on Monday, June 18. The insider WARNOCK JOHN E sold $671,316. $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Rencher Bradley. Shares for $10.16 million were sold by THOMPSON MATTHEW. $5.81 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Morris Donna on Wednesday, January 24. Another trade for 30,000 shares valued at $5.97M was made by LAMKIN BRYAN on Wednesday, January 31.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 165 analyst reports since August 11, 2015 according to SRatingsIntel. Robert W. Baird upgraded it to “Neutral” rating and $85.0 target in Tuesday, August 25 report. KeyBanc Capital Markets maintained it with “Overweight” rating and $216 target in Wednesday, November 22 report. Pivotal Research downgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, January 12. Pivotal Research has “Hold” rating and $10 target. As per Tuesday, January 23, the company rating was maintained by Bernstein. The company was maintained on Thursday, August 31 by Robert W. Baird. Cowen & Co maintained the stock with “Buy” rating in Friday, March 16 report. Stifel Nicolaus maintained it with “Buy” rating and $175.0 target in Thursday, October 19 report. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, August 24. On Tuesday, December 8 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Neutral” rating given on Thursday, April 21 by Credit Suisse.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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