Welch 13FHR Quarterly holdings report by institutional manager | SEC 7 Nov 17

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3m Company	Common	88579Y101	18,494	88,107	SH		SOLE		0	0	88,107
A T & T Inc New	Common	00206R102	17,247	440,302	SH		SOLE		0	0	440,302
Abbott Laboratories	Common	002824100	869	16,282	SH		SOLE		0	0	16,282
Abbvie Inc Com USD0.01	Common	00287Y109	22,591	254,231	SH		SOLE		0	0	254,231
Accenture	Common	G1150G111	156	1,154	SH		SOLE		0	0	1,154
Albemarle Corp	Common	012653101	301	2,207	SH		SOLE		0	0	2,207
Altria Group Inc	Common	02209S103	280	4,413	SH		SOLE		0	0	4,413
Amazon Com Inc	Common	023135106	267	278	SH		SOLE		0	0	278
American Express Company	Common	025816109	215	2,375	SH		SOLE		0	0	2,375
Apple Inc	Common	037833100	3,169	20,560	SH		SOLE		0	0	20,560
Archer-Daniels-Midlnd Co	Common	039483102	132	3,115	SH		SOLE		0	0	3,115
Auto Data Processing	Common	053015103	178	1,631	SH		SOLE		0	0	1,631
Banco Bilbao Vizcaya Argentina	Common	05946K101	208	23,370	SH		SOLE		0	0	23,370
Bank Of America Corp	Common	060505104	1,569	61,912	SH		SOLE		0	0	61,912
Baxter International Inc	Common	071813109	198	3,158	SH		SOLE		0	0	3,158
Bb&T Corporation	Common	054937107	188	3,998	SH		SOLE		0	0	3,998
Berkshire Hathaway Cl B	Common	084670207	1,401	7,643	SH		SOLE		0	0	7,643
Bp Plc Adr	Common	055622104	549	14,296	SH		SOLE		0	0	14,296
Bristol-Myers Squibb Co	Common	110122108	308	9,545	SH		SOLE		0	0	9,545
Capital One Financial Cp	Common	14040H105	150	1,773	SH		SOLE		0	0	1,773
Caterpillar Inc	Common	149123101	1,050	8,418	SH		SOLE		0	0	8,418
Celgene Corp	Common	151020104	174	1,196	SH		SOLE		0	0	1,196
Chevron Corporation	Common	166764100	18,468	157,172	SH		SOLE		0	0	157,172
Cincinnati Financial Cp	Common	172062101	17,706	231,240	SH		SOLE		0	0	231,240
Cisco Systems Inc	Common	17275R102	1,717	51,070	SH		SOLE		0	0	51,070
Clorox Company	Common	189054109	140	1,065	SH		SOLE		0	0	1,065
Cme Group Inc Cl A	Common	12572Q105	168	1,240	SH		SOLE		0	0	1,240
Coca Cola Company	Common	191216100	3,556	79,012	SH		SOLE		0	0	79,012
Colgate-Palmolive Co	Common	194162103	16,715	229,446	SH		SOLE		0	0	229,446
Comcast Corp New Cl A	Common	20030N101	136	3,542	SH		SOLE		0	0	3,542
Consolidated Edison Inc	Common	209115104	17,088	211,796	SH		SOLE		0	0	211,796
Constellation Brand Cl A	Common	21036P108	172	860	SH		SOLE		0	0	860
Deere & Co	Common	244199105	276	2,194	SH		SOLE		0	0	2,194
Diageo Plc New Adr	Common	25243Q205	472	3,573	SH		SOLE		0	0	3,573
Disney Walt Co	Common	254687106	247	2,503	SH		SOLE		0	0	2,503
Dollar General Corp New	Common	256677105	160	1,970	SH		SOLE		0	0	1,970
Dominion Res Inc Va New	Common	25746U109	399	5,185	SH		SOLE		0	0	5,185
Dowdupont Inc	Common	26078J100	1,539	22,224	SH		SOLE		0	0	22,224
Duke Energy Corp New	Common	26441C105	384	4,578	SH		SOLE		0	0	4,578
Emerson Electric Co	Common	291011104	17,695	281,596	SH		SOLE		0	0	281,596
ENBRIDGE INC	Common	29250N105	102	2,438	SH		SOLE		0	0	2,438
Energen Corp	Common	29265N108	1,956	35,774	SH		SOLE		0	0	35,774
Enstar Group Ltd	Common	G3075P101	137	617	SH		SOLE		0	0	617
Exxon Mobil Corporation	Common	30231G102	18,513	225,821	SH		SOLE		0	0	225,821
Facebook Inc Class A	Common	30303M102	374	2,191	SH		SOLE		0	0	2,191
Fiserv Inc	Common	337738108	129	1,000	SH		SOLE		0	0	1,000
Fortune Brands Hm & Sec	Common	34964C106	124	1,838	SH		SOLE		0	0	1,838
Gallagher Arthur J & Co	Common	363576109	18,484	300,310	SH		SOLE		0	0	300,310
General Electric Company	Common	369604103	306	12,663	SH		SOLE		0	0	12,663
General Mills Inc	Common	370334104	14,515	280,438	SH		SOLE		0	0	280,438
Gilead Sciences Inc	Common	375558103	281	3,469	SH		SOLE		0	0	3,469
Goldman Sachs Group Inc	Common	38141G104	460	1,941	SH		SOLE		0	0	1,941
Google Inc Class A	Common	38259P508	658	676	SH		SOLE		0	0	676
Google Inc Class C	Common	38259P706	184	192	SH		SOLE		0	0	192
Halliburton Co Hldg Co	Common	406216101	148	3,220	SH		SOLE		0	0	3,220
Home Depot Inc	Common	437076102	19,648	120,130	SH		SOLE		0	0	120,130
Intel Corp	Common	458140100	18,411	483,493	SH		SOLE		0	0	483,493
Intl Business Machines	Common	459200101	15,247	105,095	SH		SOLE		0	0	105,095
Ishares Msci Europe	Common	464289180	104	4,426	SH		SOLE		0	0	4,426
Johnson & Johnson	Common	478160104	18,644	143,401	SH		SOLE		0	0	143,401
JP Morgan Chase & Co	Common	46625H100	1,261	13,207	SH		SOLE		0	0	13,207
Kellogg Company	Common	487836108	265	4,248	SH		SOLE		0	0	4,248
Kimberly-Clark Corp	Common	494368103	15,554	132,175	SH		SOLE		0	0	132,175
Kinder Morgan Inc	Common	49456B101	337	17,581	SH		SOLE		0	0	17,581
Kraft Heinz Company	Common	500754106	594	7,654	SH		SOLE		0	0	7,654
Leggett & Platt Inc	Common	524660107	16,191	339,227	SH		SOLE		0	0	339,227
Lockheed Martin Corp	Common	539830109	20,067	64,672	SH		SOLE		0	0	64,672
Mastercard Inc	Common	57636Q104	219	1,549	SH		SOLE		0	0	1,549
Mc Donalds Corp	Common	580135101	19,308	123,234	SH		SOLE		0	0	123,234
Mckesson Corporation	Common	58155Q103	146	951	SH		SOLE		0	0	951
Merck & Co Inc	Common	589331107	389	6,079	SH		SOLE		0	0	6,079
Microsoft Corp	Common	594918104	17,507	235,025	SH		SOLE		0	0	235,025
NextEra Energy Inc	Common	65339F101	18,496	126,208	SH		SOLE		0	0	126,208
Norfolk Southern Corp	Common	655844108	148	1,118	SH		SOLE		0	0	1,118
Northrop Grumman Corp	Common	666807102	739	2,570	SH		SOLE		0	0	2,570
Novartis A G Spon Adr	Common	66987V109	17,761	206,885	SH		SOLE		0	0	206,885
Nucor Corp	Common	670346105	112	1,993	SH		SOLE		0	0	1,993
Nvidia Corp	Common	67066G104	256	1,433	SH		SOLE		0	0	1,433
Oneok Inc New	Common	682680103	306	5,529	SH		SOLE		0	0	5,529
Oracle Corporation	Common	68389X105	177	3,663	SH		SOLE		0	0	3,663
P P G Industries Inc	Common	693506107	355	3,265	SH		SOLE		0	0	3,265
Paychex Inc	Common	704326107	17,075	284,777	SH		SOLE		0	0	284,777
Pepsico Incorporated	Common	713448108	17,391	156,070	SH		SOLE		0	0	156,070
Pfizer Incorporated	Common	717081103	270	7,572	SH		SOLE		0	0	7,572
Philip Morris Intl Inc	Common	718172109	759	6,834	SH		SOLE		0	0	6,834
Phillips	Common	718546104	441	4,815	SH		SOLE		0	0	4,815
Proassurance Corporation	Common	74267C106	1,956	35,788	SH		SOLE		0	0	35,788
Procter & Gamble	Common	742718109	17,717	194,734	SH		SOLE		0	0	194,734
Qualcomm Inc	Common	747525103	163	3,149	SH		SOLE		0	0	3,149
Regions Financial Cp New	Common	7591EP100	216	14,192	SH		SOLE		0	0	14,192
Ross Stores Inc	Common	778296103	171	2,643	SH		SOLE		0	0	2,643
Royal Bk Cda Montreal	Common	780087102	104	1,340	SH		SOLE		0	0	1,340
Royal Dutch Shell A Adrf	Common	780259206	5,484	90,532	SH		SOLE		0	0	90,532
Royal Dutch Shell B Adrf	Common	780259107	12,498	199,844	SH		SOLE		0	0	199,844
Schlumberger Ltd	Common	806857108	539	7,729	SH		SOLE		0	0	7,729
Sector Spdr Engy Select	Common	81369Y506	384	5,608	SH		SOLE		0	0	5,608
Servisfirst Bancshares	Common	81768T108	5,785	148,902	SH		SOLE		0	0	148,902
Sherwin Williams Co	Common	824348106	266	744	SH		SOLE		0	0	744
Stryker Corp	Common	863667101	436	3,067	SH		SOLE		0	0	3,067
Suntrust Banks Inc	Common	867914103	132	2,207	SH		SOLE		0	0	2,207
Synovus Financial Corp	Common	87161C105	1,629	35,367	SH		SOLE		0	0	35,367
T J X Co. Inc	Common	872540109	166	2,254	SH		SOLE		0	0	2,254
The Southern Company	Common	842587107	17,220	350,435	SH		SOLE		0	0	350,435
Tiffany & Co New	Common	886547108	143	1,557	SH		SOLE		0	0	1,557
Torchmark Corporation	Common	891027104	2,173	27,132	SH		SOLE		0	0	27,132
Tupperware Brands Corp	Common	899896104	131	2,125	SH		SOLE		0	0	2,125
U S Bancorp Del New	Common	902973304	499	9,315	SH		SOLE		0	0	9,315
Unilever N V Ny Shs Newf	Common	904784709	2,858	48,407	SH		SOLE		0	0	48,407
Unilever Plc Adr New	Common	904767704	16,141	278,484	SH		SOLE		0	0	278,484
United Technologies Corp	Common	913017109	17,319	149,195	SH		SOLE		0	0	149,195
Verizon Communications	Common	92343V104	17,240	348,352	SH		SOLE		0	0	348,352
Visa Inc Cl A	Common	92826C839	383	3,639	SH		SOLE		0	0	3,639
Vulcan Materials Company	Common	929160109	1,028	8,592	SH		SOLE		0	0	8,592
Wal-Mart Stores Inc	Common	931142103	381	4,874	SH		SOLE		0	0	4,874
Walgreens Boots Alliance	Common	931427108	427	5,530	SH		SOLE		0	0	5,530
Wells Fargo & Co New	Common	949746101	1,002	18,173	SH		SOLE		0	0	18,173
Westrock Company	Common	96145D105	137	2,420	SH		SOLE		0	0	2,420
Xcel Energy Inc	Common	98389B100	367	7,750	SH		SOLE		0	0	7,750
Yum Brands Inc	Common	988498101	443	6,022	SH		SOLE		0	0	6,022
Yum China Holdings I	Common	98850P109	239	5,982	SH		SOLE		0	0	5,982
Hutton Tele Trust UIT	Common	447900101	145	35,800	SH		SOLE		0	0	35,800
Ishares Tr Msci Eafe Fd	Common	464287465	278	4,060	SH		SOLE		0	0	4,060
Powershares RAFI Emerging Mkt	Common	73936T763	106	4,972	SH		SOLE		0	0	4,972
Powershares RAFI Large Cap Int	Common	73935X583	144	3,268	SH		SOLE		0	0	3,268
Powershares RAFI Small/Mid Cap	Common	73936T771	146	4,442	SH		SOLE		0	0	4,442
Powershares RAFI Small/Mid Cap	Common	73935X567	397	3,165	SH		SOLE		0	0	3,165
Powershs RAFI Large Cap US	Common	73935X583	912	8,513	SH		SOLE		0	0	8,513
S P D R TRUST Unit SR	Common	78462F103	8,059	32,078	SH		SOLE		0	0	32,078
Spdr Kbw Regional Bking	Common	78464A698	104	1,825	SH		SOLE		0	0	1,825
Streettracks Gold TRUST	Common	863307104	667	5,487	SH		SOLE		0	0	5,487
Vanguard Emerging Market	Common	922042858	123	2,817	SH		SOLE		0	0	2,817

Welch 13F-HRQuarterly holdings report by institutional manager