Bb&T Securities LLC Cut Its Abbvie INC (ABBV) Position by $4.17 Million
- Author: Zachary Reyes Jun 14, 2017,
Jun 14, 2017, 21:59
(ABBV) is $72.28/share according to the consensus of analysts working on the stock, with an expected EPS of $1.4/share for the current quarter. About shares traded. Walter Investment Management Corp (NYSE:WAC) has declined 63.57% since June 13, 2016 and is downtrending. It has underperformed by 64.87% the S&P500.The move comes after 6 months negative chart setup for the $3.40M company.
Campbell Newman Asset Management Inc. maintained its stake in AbbVie Inc.
EVP, Commercial Operations, ALBAN CARLOS, sold 43,000 common shares of AbbVie Inc. Toronto (NYSE:TD) was raised too.
Since February 28, 2017, it had 0 insider purchases, and 8 selling transactions for $19.23 million activity. The stock was sold at an average price of $67.00, for a total value of $2,881,000.00.
In related news, Chairman Richard A. Gonzalez sold 71,235 shares of the company's stock in a transaction dated Friday, May 19th. 2,311 shares valued at $143,031 were sold by HURWICH THOMAS A. on Tuesday, February 28. Latest closing price was 5.61% above its 50-day moving average and 10.07% above its 200-day moving average. Asset Mngmt One Limited reported 0.43% in AbbVie Inc (NYSE:ABBV). During the same period in the prior year, the business earned $1.15 earnings per share. ABBV's profit would be $2.21B giving it 12.53 P/E if the $1.39 EPS is correct. During the same quarter in the previous year, the firm posted $1.15 EPS. Buy rating has been given by 4 analysts to the company stock whereas 1 given UNDERPERFORM rating to stock and 20 given HOLD rating. Therefore 88% are positive.
Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on August, 4.
Leerink Swann initiated coverage on ABBV with a rating of "Market Perform". The firm has " rating given on Monday, September 28 by Citigroup. TheStreet upgraded the stock to "Buy" rating in Tuesday, August 11 report. The rating was downgraded by Goldman Sachs on Monday, March 7 to "Buy". Following the completion of the transaction, the executive vice president now directly owns 114,745 shares in the company, valued at approximately $7,687,915. BMO Capital Markets maintained AbbVie Inc (NYSE:ABBV) rating on Friday, April 28. They now have a Dollars 60 price target on the stock. The price volatility of ABBV was 1.39% for a week and 1.24% for a month as well as price volatility's Average True Range for 14 days was 0.88.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Pictet And Cie invested in 73,747 shares or 0.12% of the stock. The firm priced its previously reported worldwide primary follow-on offering of Class B ordinary shares and American Depositary Shares, each representing 10 Class B ordinary shares, consisting of (i) a preferential rights offering of Class B ordinary shares to existing shareholders in Argentina which expired on June 12, 2017, (ii) an offering of Class B ordinary shares in Argentina and (iii) an offering of ADSs in the United States, which has been registered with the U.S. Securities and Exchange Commission. Blackhill Cap invested in 2.46% or 207,160 shares. Advsrs Ltd Limited Liability accumulated 956 shares. Delta Lloyd Nv holds 153,609 shares or 0.3% of its portfolio. 154,495 were accumulated by Dnb Asset As. Prudential Financial Incorporated reported 2.46 million shares or 0.25% of all its holdings. The California-based Sc Us (Ttgp) Limited has invested 47.02% in AbbVie Inc (NYSE:ABBV). Davidson Inv Advsr invested 0.1% in AbbVie Inc (NYSE:ABBV). Ibm Retirement Fund reported 152,541 shares. Blair William And Company Il holds 731,337 shares. Td Asset holds 0.3% or 2.86 million shares.
Greatmark Investment Partners Inc. holds 1.28% of its portfolio in City Merchants High Yield Trust Plc for 287,931 shares.
Investors sentiment increased to 1.2 in 2016 Q4. Its down 0.05, from 1.03 in 2016Q3. 88 funds opened positions while 189 raised stakes. The share price is now up 5.59% for the past three months.
Institutional investors now hold around $76.41 billion or 70.3% in ABBV stock. Concert Wealth Inc holds 31,783 shares or 0.44% of its portfolio. Rhumbline Advisers holds 0.07% or 614,106 shares in its portfolio. Hartford Invest has invested 0.06% in Harris Corporation (NYSE:HRS). Swiss Natl Bank owns 798,877 shares.
The company is so far trading down by -0.04% since yesterday's close of $69.56. Sfe Invest Counsel has 113,546 shares. Pacific Management Com accumulated 0.08% or 8,571 shares. Natixis owns 35,555 shares. Aqr Mngmt Ltd Liability Company owns 24,555 shares. On Thursday, May 25 the stock rating was maintained by Jefferies with "Buy". Walter Investment Management Corp had 10 analyst reports since September 1, 2015 according to SRatingsIntel. Sterne Agee CRT initiated Fastenal Company (NASDAQ:FAST) on Tuesday, March 22 with "Neutral" rating. As per Tuesday, December 1, the company rating was downgraded by Barclays Capital. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) rating on Thursday, March 17.