Teva Pharmaceutcl Inds Adr (Call) (TEVA) Shares Declined While Muhlenkamp & Co Decreased Its Position by $1.59 Million; Adobe Systems (ADBE) Holder Adams Express Company Decreased Position as Market Value Rose

February 22, 2018 - By Dolores Ford

Adams Express Company decreased its stake in Adobe Systems Inc. (ADBE) by 19.67% based on its latest 2017Q3 regulatory filing with the SEC. Adams Express Company sold 28,700 shares as the company’s stock rose 14.01% with the market. The institutional investor held 117,200 shares of the prepackaged software company at the end of 2017Q3, valued at $17.48M, down from 145,900 at the end of the previous reported quarter. Adams Express Company who had been investing in Adobe Systems Inc. for a number of months, seems to be less bullish one the $99.34B market cap company. The stock decreased 0.44% or $0.89 during the last trading session, reaching $202.09. About 2.04 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 22, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Muhlenkamp & Co Inc decreased its stake in Teva Pharmaceutcl Inds Adr (Call) (TEVA) by 87.79% based on its latest 2017Q3 regulatory filing with the SEC. Muhlenkamp & Co Inc sold 93,505 shares as the company’s stock declined 15.11% while stock markets rallied. The institutional investor held 13,000 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $229,000, down from 106,505 at the end of the previous reported quarter. Muhlenkamp & Co Inc who had been investing in Teva Pharmaceutcl Inds Adr (Call) for a number of months, seems to be less bullish one the $20.43 billion market cap company. The stock increased 0.55% or $0.11 during the last trading session, reaching $20.09. About 13.95 million shares traded. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since February 22, 2017 and is downtrending. It has underperformed by 58.40% the S&P500.

Among 35 analysts covering Teva Pharma (NYSE:TEVA), 9 have Buy rating, 8 Sell and 18 Hold. Therefore 26% are positive. Teva Pharma had 146 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) earned “Buy” rating by Citigroup on Tuesday, July 28. The firm has “Positive” rating by OTR Global given on Thursday, September 29. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) has “Outperform” rating given on Monday, October 31 by Credit Suisse. On Friday, February 9 the stock rating was maintained by Deutsche Bank with “Hold”. The stock has “Buy” rating by BTIG Research on Monday, September 11. BTIG Research maintained the stock with “Hold” rating in Thursday, February 1 report. The stock has “Neutral” rating by Credit Suisse on Friday, December 15. Citigroup upgraded Teva Pharmaceutical Industries Limited (NYSE:TEVA) rating on Thursday, January 4. Citigroup has “Buy” rating and $24.0 target. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) earned “Underperform” rating by RBC Capital Markets on Friday, August 4. The rating was maintained by Piper Jaffray with “Hold” on Friday, October 6.

Analysts await Teva Pharmaceutical Industries Limited (NYSE:TEVA) to report earnings on May, 10. They expect $0.64 earnings per share, down 37.86% or $0.39 from last year’s $1.03 per share. TEVA’s profit will be $650.80 million for 7.85 P/E if the $0.64 EPS becomes a reality. After $0.91 actual earnings per share reported by Teva Pharmaceutical Industries Limited for the previous quarter, Wall Street now forecasts -29.67% negative EPS growth.

Muhlenkamp & Co Inc, which manages about $560.67 million and $317.58M US Long portfolio, upped its stake in Gilead Sciences Inc Com (NASDAQ:GILD) by 198,547 shares to 224,147 shares, valued at $18.16M in 2017Q3, according to the filing.

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. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, October 19. BMO Capital Markets has “Outperform” rating and $187 target. Piper Jaffray maintained the shares of ADBE in report on Wednesday, September 20 with “Buy” rating. Citigroup maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. Citigroup has “Buy” rating and $117 target. The rating was initiated by Cowen & Co on Friday, June 24 with “Outperform”. The rating was initiated by Stephens on Wednesday, August 10 with “Overweight”. Pacific Crest maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. Pacific Crest has “Overweight” rating and $122 target. The rating was maintained by Cowen & Co on Wednesday, August 30 with “Buy”. The firm has “Outperform” rating given on Wednesday, September 21 by RBC Capital Markets. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Tuesday, January 23 by Canaccord Genuity. The firm has “Hold” rating given on Friday, June 16 by Morgan Stanley.

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. Penobscot Investment Mgmt Incorporated holds 0.42% or 9,395 shares. Cambridge Trust has invested 1.82% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Prudential Public Limited Company holds 6,573 shares. Cibc Asset Mngmt invested in 87,846 shares or 0.08% of the stock. Reynders Mcveigh Capital Management Ltd reported 0.03% stake. Caldwell Orkin Incorporated invested in 9,400 shares. Art Advsr Llc owns 44,000 shares. Meiji Yasuda Life Ins reported 10,520 shares. Paragon Capital Mngmt Limited Liability Corporation reported 2,783 shares. Bessemer Grp Inc Incorporated Inc stated it has 8,635 shares. 2,500 are held by Pioneer Tru Bank N A Or. Massachusetts-based Welch And Forbes Ltd has invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Private Asset Management accumulated 216 shares. Dodge And Cox holds 100,603 shares. Sumitomo Mitsui Asset Management Limited owns 46,518 shares.

Adams Express Company, which manages about $1.84 billion US Long portfolio, upped its stake in Industrial Select Sector Spdr Fund (XLI) by 20,100 shares to 143,900 shares, valued at $10.22M in 2017Q3, according to the filing. It also increased its holding in Cummins Inc. (NYSE:CMI) by 28,400 shares in the quarter, for a total of 136,100 shares, and has risen its stake in Ingles Markets Inc. (NASDAQ:IMKTA).

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