Health Care

Bowling Portfolio Management LLC Increases Position in AbbVie Inc (ABBV)

The institutional investor held 111,937 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $9.95M, up from 100,585 at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Southern Co/The for a number of months, seems to be less bullish one the $44.08 billion market cap company. The stock decreased 1.69% or $0.88 during the last trading session, reaching $51.31. Insiders have sold a total of 443,747 shares of company stock worth $47,226,935 over the last 90 days. It is up 0.00% since March 12, 2017 and is. It has underperformed by 4.51% the S&P500.

Yhb Investment Advisors Inc decreased its stake in Abbvie Inc (ABBV) by 48.77% based on its latest 2017Q3 regulatory filing with the SEC. Tctc Holdings Llc sold 4,400 shares as the company's stock rose 6.17% with the market. The institutional investor held 223,123 shares of the natural gas distribution company at the end of 2017Q3, valued at $5.82 million, up from 211,360 at the end of the previous reported quarter. Churchill Management Corp who had been investing in Abbvie Inc Com for a number of months, seems to be less bullish one the $187.84B market cap company. The stock increased 4.30% or $23.79 during the last trading session, reaching $577.18. About 1.59M shares traded.

AbbVie Inc (ABBV) opened at $119.29 on Monday. It has underperformed by 9.89% the S&P500. After $1.48 actual EPS reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 20.27% EPS growth. (NYSE:ABBV). Hanson And Doremus Mgmt invested in 0.21% or 6,789 shares. It also reduced its holding in Hanesbrands Inc (NYSE:HBI) by 79,810 shares in the quarter, leaving it with 10.43 million shares, and cut its stake in United Technologies Corp (NYSE:UTX). (NYSE:ABBV). Weaver C Barksdale & Assocs holds 2.19% of its portfolio in AbbVie Inc.

Main Street Research Llc, which manages about $503.46 million and $619.66M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 1,982 shares to 124,131 shares, valued at $21.21M in 2017Q3, according to the filing. Cowen & Co maintained it with "Hold" rating and $7000 target in Friday, July 28 report. Vanguard Group Inc. lifted its holdings in AbbVie by 3.3% during the 2nd quarter. Citigroup has "Buy" rating and $65 target. The rating was maintained by Jefferies on Wednesday, July 27 with "Buy".

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. The firm has "Buy" rating given on Thursday, September 14 by Stifel Nicolaus. The firm has "Buy" rating by Jefferies given on Monday, July 17. Finally, Zacks Investment Research cut AbbVie from a "buy" rating to a "hold" rating in a research report on Monday, January 22nd. (NYSE:ABBV) on Wednesday, June 8 to "Equal-Weight" rating. The company was maintained on Wednesday, September 28 by B. Riley & Co. About 814,709 shares traded or 32.91% up from the average. Van Cleef Asset Managementinc reported 12,115 shares or 0.29% of all its holdings. The legal version of this article can be accessed at They expect $1.78 EPS, up 39.06% or $0.50 from last year's $1.28 per share. ABBV's profit will be $2.83B for 16.75 P/E if the $1.78 EPS becomes a reality.

Investors sentiment decreased to 0.74 in 2017 Q3. The company reported $1.48 EPS for the quarter, beating the Zacks' consensus estimate of $1.44 by $0.04. It dropped, as 53 investors sold FB shares while 618 reduced holdings. 76 funds opened positions while 330 raised stakes. Hanson Mcclain has 4,037 shares. Farmers Tru holds 33,266 shares. Schnieders Capital Mngmt holds 1.39% or 35,781 shares. Hudock Capital Group LLC increased its stake in AbbVie by 109.5% in the 2nd quarter. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Northstar Inv Lc reported 0.21% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 22,108 shares. Moreover, Cape Cod Five Cents Bank has 0.04% invested in Facebook, Inc. (NYSE:TWX). Old Natl National Bank In accumulated 7,857 shares. The New York-based Glg Limited Liability Company has invested 0.24% in Time Warner Inc. The Georgia-based Zwj Invest Counsel Inc has invested 0.03% in Time Warner Inc. Orbis Allan Gray Ltd now owns 12,704,919 shares of the company's stock valued at $921,233,000 after purchasing an additional 3,340,038 shares during the last quarter. Formidable Asset Management LLC grew its position in AbbVie by 0.3% in the second quarter. (NYSE:ABBV). 119,548 are owned by Howe And Rusling. (NYSE:ABBV). Goldman Sachs Group owns 0.21% invested in AbbVie Inc. (NYSE:ABBV) on Wednesday, February 28.

Gareth Morgan Investments Limited Partnership, which manages about $830.20M US Long portfolio, decreased its stake in Masco Corp (NYSE:MAS) by 52,306 shares to 165,466 shares, valued at $6.46 million in 2017Q3, according to the filing.

Since September 11, 2017, it had 0 insider purchases, and 13 selling transactions for $49.94 million activity. RICHMOND TIMOTHY J. also sold $2.15M worth of AbbVie Inc. (NYSE:ABBV) was sold by Schumacher Laura J. Michael Robert A. sold $512,853 worth of stock. The insider RODGERS JOHNATHAN A sold 16,000 shares worth $855,206. CHASE WILLIAM J sold $8.31 million worth of stock. The shares were sold at an average price of $96.71, for a total value of $14,072,272.10. The insider Slusher John F sold 125,722 shares worth $7.94M.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 83% are positive. The rating was initiated by William Blair on Friday, February 5 with "Outperform". The stock has "Neutral" rating by Credit Suisse on Monday, October 31. The firm has "Hold" rating by Cowen & Co given on Friday, July 28. On Thursday, March 8 the stock rating was maintained by Morgan Stanley with "Underweight". The rating was downgraded by BMO Capital Markets to "Underperform" on Tuesday, January 30. The firm has "Buy" rating by Jefferies given on Friday, January 26. The stock of Facebook, Inc. (NYSE:ABBV) has " rating given on Monday, September 28 by Citigroup. BMO Capital Markets maintained it with "Hold" rating and $6600 target in Sunday, July 30 report. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned "Buy" rating by Mizuho on Friday, September 30.

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