Economy

BLB&B Advisors LLC Has $4241000 Position in AbbVie Inc. (NYSE:ABBV)

BLB&B Advisors LLC Has $4241000 Position in AbbVie Inc. (NYSE:ABBV)”

The stock rose 0.82% or $0.62 reaching $75.87 per share. The institutional investor held 9,439 shares of the consumer services company at the end of 2016Q4, valued at $652,000, down from 30,814 at the end of the previous reported quarter. Caprock Group Inc who had been investing in Lyondellbasell Industries N for a number of months, seems to be less bullish one the $35.38 billion market cap company.

The stock decreased 3.31% or GBX 0.44 on September 6, reaching GBX 12.81. During the same quarter past year, the company earned $1.26 earnings per share. It is down 0.00% since September 6, 2016 and is. It has underperformed by 16.70% the S&P500.

Bb&T Securities Llc decreased its stake in Abbvie Inc (ABBV) by 5.1% based on its latest 2016Q4 regulatory filing with the SEC. It also increased its holding in Autozone Inc (NYSE:AZO) by 31,834 shares in the quarter, for a total of 43,942 shares, and has risen its stake in Johnson Ctls Intl Plc. The institutional investor held 319,100 shares of the major pharmaceuticals company at the end of 2016Q4, valued at $19.98 million, down from 478,600 at the end of the previous reported quarter. Abbvie Inc Com now has $120.94 billion valuation. Annex Advisory Services Ltd Liability Co accumulated 7,149 shares or 0.15% of the stock. About 1.33 million shares traded.

AbbVie (NYSE:ABBV) last announced its earnings results on Friday, July 28th. It has underperformed by 16.37% the S&P500. Vetr cut AbbVie from a "buy" rating to a "hold" rating and set a $76.28 target price for the company.in a research report on Thursday, July 20th. Therefore 37% are positive. Abbvie Inc had 47 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, June 26 by Jefferies. The firm has "Hold" rating given on Sunday, July 30 by BMO Capital Markets. The rating was downgraded by Cowen & Co to "Market Perform" on Monday, June 13.

Strong Sell. Investors might also notice that two months ago the Buy recommendations (1) outnumbered Sell recommendations (0). In terms of volatility, it has a beta coefficient of 1.49 and technical analysis volatility indicator called Average True Range or ATR around 0.99. It increased, as 86 investors sold AbbVie Inc shares while 555 reduced holdings. Manning & Napier Advisors LLC raised its stake in shares of AbbVie by 53.5% in the second quarter.

NYSE:ABBV) was up +0.16% ($0.12) to $75.42 and showed a volume of 3.83 mln shares. M Kraus Commerce stated it has 2.93% of its portfolio in AbbVie Inc (NYSE:ABBV). Selway Asset holds 1.57% of its portfolio in AbbVie Inc (NYSE:ABBV) for 41,975 shares. Regentatlantic Cap Lc holds 0.09% or 15,537 shares. Tiaa Cref Inv Management Llc holds 0.33% in AbbVie Inc (NYSE:ABBV) or 7.07 million shares.

WARNING: "BLB&B Advisors LLC Has $4,241,000 Position in AbbVie Inc". Asset Mngmt holds 0.65% or 625,768 shares in its portfolio. Discovery Communications Inc. (NASDAQ:DISCK) has risen 0.32% since September 6, 2016 and is uptrending. Allen Invest Management Limited Liability Corp reported 0.04% stake. Benin Mgmt invested in 0.19% or 6,462 shares. The firm owned 4,687 shares of the company's stock at the close of the second quarter. Canada Pension Plan Investment Board now owns 3,151,990 shares of the company's stock valued at $205,384,000 after buying an additional 193,410 shares during the period. Endurance Wealth Mgmt owns 1.26% invested in AbbVie Inc (NYSE:ABBV) for 112,927 shares.

Since March 8, 2017, it had 0 insider purchases, and 5 selling transactions for $18.84 million activity. RICHMOND TIMOTHY J. had sold 22,451 shares worth $1.47M on Friday, March 10. 71,235 shares were sold by GONZALEZ RICHARD A, worth $4.67 million. $2.88M worth of AbbVie Inc (NYSE:ABBV) shares were sold by ALBAN CARLOS. In the last 90 days, insiders sold 490,491 shares of company stock worth $34,684,639. 79,800 shares were sold by Schumacher Laura J, worth $5.59M.

More notable recent AbbVie Inc (NYSE:ABBV) news were published by: Nasdaq.com which released: "Gratus Capital LLC Buys AbbVie Inc, Edwards Lifesciences Corp, Sysco Corp ..." on August 08, 2017, also Seekingalpha.com with their article: "Very Cautious On AbbVie's Fundamentals" published on August 17, 2017, Seekingalpha.com published: "AbbVie: Making It Less Risky" on August 31, 2017. More interesting news about LyondellBasell Industries NV (NYSE:LYB) were released by: Bizjournals.com and their article: "Update: LyondellBasell shuts several Houston-area facilities, Motiva reduces ..." published on August 28, 2017 as well as Nasdaq.com's news article titled: "Jeff Auxier Buys LyondellBasell Industries NV, CenturyLink Inc, Cisco Systems ..." with publication date: August 17, 2017. Jones Finance Cos Lllp accumulated 0.02% or 68,622 shares. It also increased its holding in Fitbit Inc (Put) by 195,200 shares in the quarter, for a total of 371,400 shares, and has risen its stake in Gopro Inc (NASDAQ:GPRO). RBC Capital Markets has "Hold" rating and $9500 target. Therefore 49% are positive. Roche Hldg had 4 analyst reports since December 2, 2015 according to SRatingsIntel. The rating was initiated by Raymond James with "Outperform" on Friday, September 2. Piper Jaffray Companies reiterated a "buy" rating and issued a $85.00 target price on shares of AbbVie in a research note on Thursday, August 3rd. As per Wednesday, July 22, the company rating was initiated by SunTrust. TheStreet upgraded the stock to "Buy" rating in Tuesday, August 11 report. The company had revenue of $6.94 billion for the quarter, compared to analyst estimates of $6.93 billion. The firm earned "Buy" rating on Friday, July 14 by Jefferies.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $28,832 activity. The insider Canney Jacqueline P sold $104,113. JP Morgan downgraded AbbVie Inc (NYSE:ABBV) on Thursday, September 8 to "Neutral" rating. Lynch & Associates IN now owns 62,158 shares of the company's stock worth $4,507,000 after buying an additional 2,948 shares during the period.

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