Investors Sell Shares of AbbVie Inc. (ABBV) on Strength After Insider Selling

Lloyd Doyle
November 28, 2017

The market experts are predicting a 42.53% rally, based on the high target price ($135) for AbbVie Inc. shares that is likely to be hit in the 52 weeks. ALBAN CARLOS sold $3.21M worth of stock or 45,800 shares.

Have you taken a look at the chart for AbbVie Inc. The stock rose 0.11% or $0.1 reaching $94.85. About 92 shares traded. Altria Group Inc (NYSE:MO) has risen 11.92% since November 27, 2016 and is uptrending. It has underperformed by 6.07% the S&P500. Ffcm LLC now owns 1,539 shares of the company's stock worth $111,000 after acquiring an additional 963 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in shares of AbbVie by 87.2% in the first quarter. About 56,644 shares traded. It has underperformed by 4.78% the S&P500. They expect $0.50 EPS, down 12.28% or $0.07 from last year's $0.57 per share. QCOM's profit will be $1.14B for 22.27 P/E if the $0.77 EPS becomes a reality. The company's quarterly EPS surprised Wall Street by as much as 2% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Altria Group Inc. had 51 analyst reports since July 31, 2015 according to SRatingsIntel. NRG has risen 16.49% in the 1-month period. Therefore 68% are positive. Qualcomm Inc. had 121 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, June 8, the company rating was downgraded by Morgan Stanley. The stock of Altria Group Inc (NYSE:MO) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, November 3. At the moment, the average analyst price target is $97.95. Credit Suisse has "Hold" rating and $65 target. The company has market cap of $195.33 million. Mizuho maintained it with "Neutral" rating and $64 target in Thursday, November 5 report. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) has "Hold" rating given on Monday, December 12 by Stifel Nicolaus. The stock has "Buy" rating by Argus Research on Thursday, January 14. Utah Retirement Systems invested in 0.49% or 292,005 shares.

The stock increased 5.07% or $0.07 on November 24, reaching $1.45.

Shares of NRG Energy, Inc. 21 funds opened positions while 76 raised stakes.

Kokino Llc holds 47.27% of its portfolio in Amtech Systems, Inc. for 2.25 million shares. Crawford Investment Counsel owns 21,894 shares or 0.05% of their USA portfolio. Osher Van De Voorde invested in 4.58% or 155,687 shares. (ABBV). On the flip side, 901 institutional holders decreased their positions, accounting for 67,350,079 shares. Northern Trust Corp holds 2.23M shares. Mai Capital Mgmt reported 238,257 shares. Invest House Ltd Liability reported 102,006 shares or 0.99% of all its holdings. Following the sale, the insider now directly owns 81,287 shares of the company's stock, valued at $7,360,537.85. Mcmillion Capital Management reported 24,266 shares. Century Incorporated has invested 0.18% of its portfolio in AbbVie Inc (NYSE:ABBV). 9,670 were accumulated by United Fincl Bank Incorporated.

The most recent insider trade was by a Officer named GONZALEZ RICHARD A, and it was an direct of 218193 shares - leaving the insider with 273837 shares after the transaction. Healthcor Mgmt Lp accumulated 2.09% or 799,430 shares. Louisiana State Employees Retirement reported 91,600 shares.

Investors sentiment decreased to 1.43 in 2017 Q2. (NASDAQ:QCOM) or 470 shares.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.01, from 0.9 in 2017Q1. It increased, as 55 investors sold ABBV shares while 581 reduced holdings. 138 funds opened positions while 500 raised stakes.

At AbbVie Inc. (ABBV), the percentage of institutional ownership is now at 70.53% percent of its total shares outstanding, with the total value of institutional ownership at $106.7 billion. First Republic Invest Mngmt invested in 1.26 million shares. This is a boost from AbbVie's previous quarterly dividend of $0.64. Ironwood Investment Management Llc, a Massachusetts-based fund reported 37,596 shares. 12,386 are owned by Ronald Blue Ltd Limited Liability Company. Burke Herbert National Bank & Trust Tru holds 0.98% or 14,806 shares. Navellier & Assocs reported 33,840 shares stake. The stock of AbbVie Inc (NYSE:ABBV) earned "Hold" rating by Deutsche Bank on Tuesday, March 15.

AbbVie Inc. has a beta of 1.26, offering the possibility of a higher rate of return, but also posing more risk. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.45 and a quick ratio of 1.32. Centurylink Inv has 11,087 shares for 0.27% of their portfolio. 61,132 were accumulated by Savant Ltd. Gofen & Glossberg Ltd Il invested 0.56% in AbbVie Inc (NYSE:ABBV). Gardner Russo Gardner Llc has invested 0.01% in AbbVie Inc (NYSE:ABBV). Sg Americas Ltd Liability Company invested in 0% or 14,618 shares.

A lot of insight can be gained about how a company is performing financially by looking at its insiders' buying and selling activity.

In other news, insider Henry O. Gosebruch sold 18,300 shares of the business's stock in a transaction on Monday, October 30th. It also reduced Cisco Systems Inc.

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