As Mckesson Com (MCK) Share Value Declined, Butensky & Cohen Financial Security Has Upped by $405,325 Its Holding; Kdi Capital Partners Raised Its Adobe Systems (ADBE) Stake by $313,425

May 17, 2018 - By Darrin Black

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Kdi Capital Partners Llc increased its stake in Adobe Systems Inc (ADBE) by 4.43% based on its latest 2017Q4 regulatory filing with the SEC. Kdi Capital Partners Llc bought 1,791 shares as the company’s stock rose 22.17% while stock markets declined. The hedge fund held 42,214 shares of the prepackaged software company at the end of 2017Q4, valued at $7.40 million, up from 40,423 at the end of the previous reported quarter. Kdi Capital Partners Llc who had been investing in Adobe Systems Inc for a number of months, seems to be bullish on the $116.91B market cap company. The stock increased 0.33% or $0.79 during the last trading session, reaching $237.39. About 1.66M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 17, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Butensky & Cohen Financial Security Inc increased its stake in Mckesson Corp Com (MCK) by 38.81% based on its latest 2017Q4 regulatory filing with the SEC. Butensky & Cohen Financial Security Inc bought 2,615 shares as the company’s stock declined 12.43% with the market. The institutional investor held 9,353 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $1.46M, up from 6,738 at the end of the previous reported quarter. Butensky & Cohen Financial Security Inc who had been investing in Mckesson Corp Com for a number of months, seems to be bullish on the $30.98 billion market cap company. The stock increased 0.38% or $0.57 during the last trading session, reaching $150.16. About 1.00 million shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 17, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It fall, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Birch Hill Invest Advsr Limited reported 2,051 shares. Umb State Bank N A Mo stated it has 27,268 shares or 0.16% of all its holdings. Price T Rowe Assoc Md invested 0.03% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Intrust Bankshares Na holds 0.38% or 7,207 shares in its portfolio. Planning holds 8,142 shares. Obermeyer Wood Investment Counsel Lllp holds 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 3,048 shares. Dsc Advsr LP accumulated 0.34% or 3,371 shares. Tiverton Asset Ltd Liability Co holds 102,104 shares. Asset owns 6,608 shares. First Personal Fincl Service reported 3,370 shares. Outfitter Advsr Limited has 40,092 shares. Dodge And Cox has 0.01% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Ativo Capital Mngmt Limited Liability holds 0.44% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 9,430 shares. Hoplite Cap Mgmt Ltd Partnership reported 4.69% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Omers Administration Corporation accumulated 29,900 shares.

Since December 13, 2017, it had 1 insider purchase, and 16 selling transactions for $87.08 million activity. 30,000 shares were sold by LAMKIN BRYAN, worth $5.97M on Wednesday, January 31. Another trade for 18,410 shares valued at $3.63M was sold by Rencher Bradley. Shares for $658,148 were sold by Lewnes Ann on Thursday, March 22. GESCHKE CHARLES M had sold 16,000 shares worth $3.59 million on Friday, April 20. On Friday, January 26 THOMPSON MATTHEW sold $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 50,775 shares. Shares for $199,520 were bought by Banse Amy on Monday, December 18.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Streetinsider.com which released: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, also Seekingalpha.com with their article: “DocuSign raises IPO price range” published on April 25, 2018, Nasdaq.com published: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” on May 10, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Benzinga.com and their article: “Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio” published on May 16, 2018 as well as Investorplace.com‘s news article titled: “25 Unstoppable Stocks to Buy No Matter What” with publication date: May 16, 2018.

Kdi Capital Partners Llc, which manages about $454.13M and $251.55M US Long portfolio, decreased its stake in Ishares Tr (IJR) by 22,964 shares to 5,271 shares, valued at $405,000 in 2017Q4, according to the filing. It also reduced its holding in Smucker J M Co (NYSE:SJM) by 24,574 shares in the quarter, leaving it with 69,827 shares, and cut its stake in Becton Dickinson & Co (NYSE:BDX).

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems has $270.0 highest and $10 lowest target. $187.71’s average target is -20.93% below currents $237.39 stock price. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, October 18. The firm earned “Buy” rating on Friday, March 16 by Guggenheim. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Tuesday, January 23 by Canaccord Genuity. The firm earned “Buy” rating on Friday, March 16 by Canaccord Genuity. As per Wednesday, September 21, the company rating was maintained by Credit Suisse. As per Wednesday, September 20, the company rating was maintained by Wells Fargo. The company was upgraded on Tuesday, March 20 by DZ Bank. The stock has “Buy” rating by UBS on Wednesday, June 22. The firm has “Buy” rating by UBS given on Wednesday, September 21. Pivotal Research downgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, January 12. Pivotal Research has “Hold” rating and $10 target.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Streetinsider.com which released: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” on May 15, 2018, also Seekingalpha.com with their article: “McKesson To Acquire MSD For Medical Supply Distribution” published on May 07, 2018, Seekingalpha.com published: “More states sue over opioid epidemic” on May 16, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “McKesson – Deeply Undervalued” published on April 19, 2018 as well as Streetinsider.com‘s news article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” with publication date: May 15, 2018.

Investors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It dived, as 73 investors sold MCK shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported. Pub Employees Retirement Systems Of Ohio holds 0.13% in McKesson Corporation (NYSE:MCK) or 165,300 shares. Family Firm accumulated 0.12% or 1,922 shares. 4,581 are held by Blair William Il. Public Sector Pension Investment Board has 0.01% invested in McKesson Corporation (NYSE:MCK). 64,703 are owned by Clifford Swan Inv Counsel Limited Liability. 750 were reported by American Beacon. Goelzer Management, Indiana-based fund reported 5,825 shares. Dowling & Yahnke Limited Liability invested in 3,087 shares. Ajo Ltd Partnership has invested 0.11% of its portfolio in McKesson Corporation (NYSE:MCK). Gabelli Funds Llc accumulated 55,000 shares. Moody Bank Tru Division has invested 0.01% of its portfolio in McKesson Corporation (NYSE:MCK). Laurion Capital LP stated it has 36,700 shares. Moreover, Culbertson A N has 1.62% invested in McKesson Corporation (NYSE:MCK). Virginia Retirement System Et Al invested in 0.03% or 14,100 shares. Clearbridge Investments Ltd reported 472 shares stake.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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