Economy

AbbVie Inc. (NYSE:ABBV) Traded Well Above Its 50 Day Moving Average

Wagner Bowman Management Corp now owns 16,341 shares of the company's stock worth $1,064,000 after purchasing an additional 55 shares in the last quarter. The company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.02. AbbVie Inc. The stock has a market cap of $144.25 billion, a PE ratio of 22.26 and a beta of 1.51. The stock rose 0.25% or $0.23 reaching $90.72. About 642,233 shares traded.

Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on October, 27. It has underperformed by 6.07% the S&P500.

Df Dent & Co Inc increased its stake in Apple Inc (AAPL) by 36.91% based on its latest 2017Q2 regulatory filing with the SEC. The stock decreased 0.52% or $0.18 on October 6, reaching $34.4. Atwood & Palmer Inc. now owns 2,150 shares of the company's stock valued at $140,000 after acquiring an additional 2,000 shares during the period.

A number of analysts recently weighed in on the stock.

A number of other institutional investors also recently bought and sold shares of ABBV. About 5.94M shares traded. Nexeo Solutions Inc (NASDAQ:NXEO) has 0.00% since October 9, 2016 and is. It has outperformed by 13.33% the S&P500.

Since May 4, 2017, it had 0 insider buys, and 5 insider sales for $18.84 million activity. In the past 3-month period alone, shares of ABBV have appreciated - or. GONZALEZ RICHARD A sold $4.67M worth of stock or 71,235 shares.

More notable recent AbbVie Inc (NYSE:ABBV) news were published by: Reuters.com which released: "Second US jury finds AbbVie misrepresented risks of AndroGel" on October 05, 2017, also Reuters.com with their article: "AbbVie says deaths in arthritis trial not linked to drug" published on September 11, 2017, Seekingalpha.com published: "AbbVie Transitions To Growth Stock From Income Play" on September 28, 2017.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. The value in dollars increased from $880,000 to $1,127,000 a change of $247,000 since the last quarter. Norges Bank acquired a new stake in AbbVie during the fourth quarter worth approximately $823,984,000.

Of those holders, 760 had increased positions amounting to 48.75 million shares, 798 had decreased positions amounting to 41.23 million shares, and 263 holders have a held position accounting for 1.02 billion shares. Its up 0.01, from 0.99 in 2017Q1. 138 funds opened positions while 500 raised stakes. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/09/abbvie-inc-abbv-shares-bought-by-lvm-capital-management-ltd-mi.html. Montrusco Bolton Investments holds 0.06% or 14,771 shares in its portfolio. Tci Wealth reported 0% stake. The company was maintained on Thursday, September 28 by Piper Jaffray. Royal Savings Bank Of Canada has invested 0.21% in AbbVie Inc (NYSE:ABBV). Asset Management holds 0.35% of its portfolio in AbbVie Inc (NYSE:ABBV) for 26,774 shares. Oakwood Capital Limited Liability Ca owns 62,925 shares or 1.13% of their United States portfolio. 46,809 are held by Sigma Invest Counselors. M&R Capital Mgmt holds 0.49% or 28,141 shares in its portfolio.

AbbVie Inc. (AbbVie), launched on April 10, 2012, is a research-based biopharmaceutical company.

MI boosted its holdings in AbbVie Inc.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 43% are positive. Abbvie Inc had 58 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr upgraded AbbVie from a "buy" rating to a "strong-buy" rating and set a $67.88 price objective on the stock in a report on Tuesday, February 7th. The firm has "Hold" rating given on Friday, September 9 by Jefferies.

On September 15 Jefferies kept the company rating at "Buy" but moved up the price target from $94.00 to $107.00. The firm earned "Hold" rating on Wednesday, August 24 by Needham. Barclays Capital downgraded the stock to "Equal-Weight" rating in Tuesday, December 1 report. BMO Capital Markets has "Hold" rating and $63 target. The company presently has a consensus rating of "Buy" and a consensus target price of $89.90. Cowen & Co downgraded AbbVie Inc (NYSE:ABBV) on Monday, June 6 to "Market Perform" rating. Moreover, Cwh Mngmt Inc has 0.18% invested in AbbVie Inc (NYSE:ABBV) for 4,667 shares. The insider, MICHAEL ROBERT A., now holds 10,007 shares of ABBV. Its up 13.11% from 1.43 million shares previously. Bank of America upgraded the shares of LPL in report on Tuesday, July 19 to "Buy" rating. It also upped Wsfs Financial Corporation (NASDAQ:WSFS) stake by 9,630 shares and now owns 419,785 shares. More interesting news about Apple Inc. The ex-dividend date will be Wednesday July 12th, 2017.

Investors sentiment increased to 0.68 in 2017 Q2. Its up 0.01, from 0.99 in 2017Q1. The shares were sold at an average price of $88.00, for a total value of $589,512.00. 129 funds opened positions while 634 raised stakes. Credit Suisse Ag owns 361,686 shares. The Vermont-based M. Kraus & Co has invested 3.79% in the stock. Schulhoff accumulated 23,912 shares. First Bank & Trust has 2.4% invested in Apple Inc. Hills Bancorp And Tru holds 4,124 shares. Signaturefd Limited Co, a Georgia-based fund reported 9,456 shares. Northrock Prtn Limited Com has 7,566 shares.

Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa and Asia. NODIFF ERIC W had sold 1,500 shares worth $111,266. K.J. Harrison & Partners Inc now owns 5,031 shares of the company's stock worth $328,000 after purchasing an additional 31 shares in the last quarter. First Quadrant Lp Ca reported 2,990 shares. Eastern Bankshares reported 232,493 shares. The stock of FNF Group of Fidelity National Financial, Inc.



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