Empirical Financial Services Has Trimmed Camden Natl (CAC) Holding by $310,640; Stock Price Rose; Hsbc Holdings Plc Stake in Adobe Sys (Put) (ADBE) Lowered by $7.73 Million

June 14, 2018 - By Dolores Ford

Camden National Corporation (NASDAQ:CAC) Logo

Empirical Financial Services Llc decreased its stake in Camden Natl Corp (CAC) by 15.31% based on its latest 2018Q1 regulatory filing with the SEC. Empirical Financial Services Llc sold 7,060 shares as the company’s stock rose 5.73% while stock markets declined. The institutional investor held 39,039 shares of the major banks company at the end of 2018Q1, valued at $1.74M, down from 46,099 at the end of the previous reported quarter. Empirical Financial Services Llc who had been investing in Camden Natl Corp for a number of months, seems to be less bullish one the $711.71M market cap company. The stock increased 1.26% or $0.57 during the last trading session, reaching $45.72. About 19,447 shares traded. Camden National Corporation (NASDAQ:CAC) has risen 12.23% since June 14, 2017 and is uptrending. It has underperformed by 0.34% the S&P500. Some Historical CAC News: 21/04/2018 – DJ Camden National Corporation, Inst Holders, 1Q 2018 (CAC); 24/04/2018 – Camden National Total Assets Were $4.1 Billion at March 31; 24/04/2018 – Camden National 1Q EPS 82c; 27/03/2018 – Camden National Corporation’s Board Declares Quarterly Dividend; 23/03/2018 Camden National Closes Below 50-Day Moving Average: Technicals; 30/04/2018 – New Research: Key Drivers of Growth for Camden National, Myers Industries, Grand Canyon Education, MINDBODY, TransMontaigne Par; 24/04/2018 – CAMDEN NATIONAL CORP – QTRLY TOTAL INTEREST INCOME $35.3 MLN VS $32.4 MLN; 16/05/2018 – Camden National Closes Above 50-Day Moving Average: Technicals; 24/04/2018 – CAMDEN NATIONAL CORP – QTRLY DILUTED EARNINGS PER SHARE $ 0.82

Hsbc Holdings Plc decreased its stake in Adobe Sys Inc (Put) (ADBE) by 48.02% based on its latest 2018Q1 regulatory filing with the SEC. Hsbc Holdings Plc sold 36,300 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 39,300 shares of the prepackaged software company at the end of 2018Q1, valued at $8.41 million, down from 75,600 at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Adobe Sys Inc (Put) for a number of months, seems to be less bullish one the $127.11B market cap company. The stock increased 0.77% or $1.97 during the last trading session, reaching $258.1. About 4.60M shares traded or 54.21% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 14, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 15/03/2018 – ADOBE 1Q ADJ EPS $1.55, EST. $1.44; 27/03/2018 – New ContentSquare Integration With Adobe Analytics Cloud Unlocks Enhanced Revenue Attribution to Customers’ Investments in UX a; 27/03/2018 – SMITH’s ACT for Adobe Experience Manager Makes Life Easier for Marketers; 27/03/2018 – ADOBE UNVEILS ANALYTICS TOOL FOR AUDIO, INCLUDING PODCASTS; 28/03/2018 – Adobe Steps Up AI-Powered Marketing to Take on IBM, Salesforce; 22/03/2018 – Merkle Enhances its Innovation Cloud, Powered by Adobe Experience Cloud; 15/03/2018 – CORRECT: ADOBE 2018 FORECAST REPORTED JAN. 22; 15/03/2018 – Photoshop maker Adobe’s revenue rises 24 percent; 27/03/2018 – ADOBE CREATES `EXPERIENCE LEAGUE’ TO TRAIN CLIENTS ON TOOLS; 09/05/2018 – Australian Gov: US Patent Issued to ADOBE SYSTEMS on May 8 for “Online source separation” (California, Illinois Inventors)

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.52, from 1.43 in 2017Q4. It dropped, as 10 investors sold CAC shares while 35 reduced holdings. 12 funds opened positions while 29 raised stakes. 9.61 million shares or 0.10% less from 9.62 million shares in 2017Q4 were reported. 23,692 were reported by Coastline Tru. Prudential Financial has 0.01% invested in Camden National Corporation (NASDAQ:CAC) for 104,168 shares. New York-based First Manhattan Company has invested 0% in Camden National Corporation (NASDAQ:CAC). Kennedy Incorporated holds 0.15% or 169,791 shares in its portfolio. 19,604 were reported by Endeavour Capital. Yhb Inv Advisors Incorporated holds 9,225 shares or 0.07% of its portfolio. Btim reported 202,433 shares. Barclays Public Ltd Liability Co stated it has 3,353 shares. Price T Rowe Associate Incorporated Md, Maryland-based fund reported 8,615 shares. Renaissance Tech Ltd Liability Corporation has invested 0.02% in Camden National Corporation (NASDAQ:CAC). D E Shaw Incorporated, New York-based fund reported 8,608 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 369 shares. Hotchkis Wiley Capital Mngmt Ltd Liability holds 28,495 shares or 0.01% of its portfolio. Minerva Limited Liability Com stated it has 160,658 shares or 3.75% of all its holdings. Davis R M reported 7,212 shares stake.

Since February 27, 2018, it had 5 insider buys, and 1 sale for $65,624 activity. 961 shares valued at $28,974 were bought by JORDAN DEBORAH A on Thursday, March 15. $16,191 worth of Camden National Corporation (NASDAQ:CAC) shares were bought by CAMPBELL JOANNE T. Another trade for 537 shares valued at $16,191 was bought by Hayden Edmund M. Another trade for 331 shares valued at $9,980 was bought by Rose Patricia A.

Among 3 analysts covering Camden National Corp. (NASDAQ:CAC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Camden National Corp. had 11 analyst reports since September 14, 2015 according to SRatingsIntel. On Tuesday, October 31 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was initiated by Keefe Bruyette & Woods with “Outperform” on Monday, September 14. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, November 1. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, June 1. The firm earned “Overweight” rating on Friday, February 2 by PiperJaffray. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. As per Wednesday, September 16, the company rating was initiated by Piper Jaffray. Piper Jaffray maintained the stock with “Overweight” rating in Friday, December 4 report. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. Piper Jaffray maintained the shares of CAC in report on Tuesday, August 8 with “Buy” rating.

Analysts await Camden National Corporation (NASDAQ:CAC) to report earnings on July, 24. They expect $0.82 earnings per share, up 24.24% or $0.16 from last year’s $0.66 per share. CAC’s profit will be $12.76 million for 13.94 P/E if the $0.82 EPS becomes a reality. After $0.82 actual earnings per share reported by Camden National Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Empirical Financial Services Llc, which manages about $933.31M and $506.02M US Long portfolio, upped its stake in Vanguard Index Fds (VNQ) by 11,531 shares to 154,969 shares, valued at $11.70M in 2018Q1, according to the filing. It also increased its holding in First Tr Exch Trd Alpha Fd I (FEM) by 17,902 shares in the quarter, for a total of 35,346 shares, and has risen its stake in Spdr Series Trust (HYMB).

Since December 18, 2017, it had 1 buy, and 16 insider sales for $87.43 million activity. 54,488 shares were sold by GARRETT MARK, worth $10.21M on Tuesday, February 6. On Monday, December 18 the insider Banse Amy bought $199,520. Morris Donna sold $5.81M worth of stock or 29,404 shares. Shares for $10.16 million were sold by THOMPSON MATTHEW. 18,079 shares were sold by DILLON MICHAEL A, worth $3.51M on Monday, February 5. On Wednesday, January 31 LAMKIN BRYAN sold $5.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 30,000 shares.

Investors sentiment increased to 0.9 in 2018 Q1. Its up 0.01, from 0.89 in 2017Q4. It increased, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. Boltwood Mgmt has invested 0.14% in Adobe Systems Incorporated (NASDAQ:ADBE). Gemmer Asset Management Lc holds 47,793 shares. Royal National Bank & Trust Of Canada accumulated 0.18% or 1.82M shares. Caprock Group invested 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Cibc Asset Mngmt owns 0.13% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 89,637 shares. Schroder Gru stated it has 0.37% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). The Connecticut-based Night Owl Cap Management Limited Liability Corp has invested 3.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Proshare Advisors Ltd Liability invested in 0.54% or 382,935 shares. 16,189 are held by First Allied Advisory Inc. Violich Mgmt Inc owns 2,925 shares for 0.17% of their portfolio. Efg Asset Mngmt (Americas) accumulated 21,759 shares. Kdi Cap Prtn Ltd Limited Liability Company holds 46,122 shares. Ssi Mgmt holds 1,042 shares or 0.02% of its portfolio. Papp L Roy & Assoc reported 18,100 shares. Albion Fincl Gru Ut holds 3,727 shares or 0.12% of its portfolio.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 159 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Monday, March 12 by Stifel Nicolaus. The firm earned “Overweight” rating on Tuesday, July 26 by Piper Jaffray. As per Tuesday, May 22, the company rating was maintained by Robert W. Baird. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Bank of America on Wednesday, December 13. The company was maintained on Monday, December 14 by Argus Research. Pivotal Research downgraded Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, January 12 to “Hold” rating. On Friday, December 11 the stock rating was maintained by JP Morgan with “Overweight”. On Tuesday, June 12 the stock rating was maintained by Barclays Capital with “Overweight”. As per Friday, March 17, the company rating was upgraded by Wunderlich. The firm has “Buy” rating by Credit Suisse given on Monday, March 12.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Nasdaq.com which released: “Why Shopify, Inc. Stock Climbed 11% Last Month” on June 11, 2018, also Investorplace.com with their article: “The Top 20 Stocks of 2018” published on June 12, 2018, Benzinga.com published: “Earnings Scheduled For June 14, 2018” on June 14, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Benzinga.com and their article: “Adobe Systems Q2 Earnings Preview” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Adobe Systems -3% despite Q2 beats” with publication date: June 14, 2018.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on June, 19. They expect $1.25 EPS, up 54.32% or $0.44 from last year’s $0.81 per share. ADBE’s profit will be $615.59M for 51.62 P/E if the $1.25 EPS becomes a reality. After $1.28 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts -2.34% negative EPS growth.

Hsbc Holdings Plc, which manages about $67.16B US Long portfolio, upped its stake in Equinix Inc (NASDAQ:EQIX) by 8,124 shares to 99,085 shares, valued at $41.45 million in 2018Q1, according to the filing. It also increased its holding in Sony Corp (NYSE:SNE) by 7,131 shares in the quarter, for a total of 11,912 shares, and has risen its stake in Devon Energy Corp New (NYSE:DVN).

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