AbbVie Inc (ABBV) Position Boosted by New England Research & Management Inc

Lloyd Doyle
January 13, 2018

Apriem Advisors sold 14,357 shares as Abbvie Inc (ABBV)'s stock rose 6.17%. The institutional investor held 14,471 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $1.29M, down from 31,609 at the end of the previous reported quarter. Verity & Verity Llc who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $160.19B market cap company. The stock increased 0.73% or $0.72 during the last trading session, reaching $99.99. The shares were sold at an average price of $90.55, for a total transaction of $1,657,065.00.

AbbVie (NYSE:ABBV)'s stock had its "buy" rating reiterated by investment analysts at Piper Jaffray Companies in a research report issued to clients and investors on Tuesday, January 2nd. It has underperformed by 6.07% the S&P500.

Dynamic Advisors Solutions Llc increased International Business Machs (NYSE:IBM) stake by 10,400 shares to 15,767 valued at $2.29 million in 2017Q3. Hudson Valley Investment Advisors Inc who had been investing in Boeing Co for a number of months, seems to be bullish on the $200.26 billion market cap company.

The stock increased 6.00% or GBX 0.0075 during the last trading session, reaching GBX 0.1325. About 177,712 shares traded. It has outperformed by 4.78% the S&P500.

Since July 31, 2017, it had 0 insider purchases, and 8 sales for $45.57 million activity. $589,512 worth of AbbVie Inc. (NYSE:ABBV) on Thursday, May 25 with "Buy" rating. Eagle Ridge Inv Mgmt has 1.59% invested in AbbVie Inc. Also, insider Henry O. Gosebruch sold 18,300 shares of AbbVie stock in a transaction dated Monday, October 30th. Ronna Sue Cohen has invested 1.75% in AbbVie Inc. (NYSE:ABBV). Baxter Bros reported 0.06% in AbbVie Inc. BMO Capital Markets set a $84.00 price target on AbbVie and gave the company a "hold" rating in a research note on Thursday. Therefore 65% are positive. Abbvie Inc had 70 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs has "Buy" rating and $80 target. BMO Capital Markets maintained AbbVie Inc. (NYSE:ABBV) on Wednesday, April 19 with "Hold" rating. The firm has "Buy" rating given on Wednesday, August 12 by Leerink Swann. Finally, Piper Jaffray Companies reaffirmed a "buy" rating on shares of AbbVie in a research note on Tuesday, January 2nd. The rating was maintained by Jefferies with "Buy" on Friday, September 15. The stock of The People's Operator Plc (LON:TPOP) earned "Corporate" rating by FinnCap on Monday, November 21. Jefferies maintained AbbVie Inc. Jefferies has "Buy" rating and $9000 target.


Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.15, from 1 in 2017Q2.

Other institutional investors have also recently bought and sold shares of the company. 132 funds opened positions while 462 raised stakes. Barrington Strategic Wealth Management Group Incorporated Ltd Liability Corp holds 0.45% of its portfolio in AbbVie Inc.

Mairs & Power Inc increased General Electric (NYSE:GE) stake by 50,266 shares to 4.37M valued at $105.76 million in 2017Q3. The Australia-based Macquarie Group has invested 0.05% in AbbVie Inc. Following the completion of the transaction, the insider now owns 81,287 shares in the company, valued at approximately $7,360,537.85. During the same period last year, the firm earned $1.21 EPS. equities research analysts forecast that AbbVie Inc will post 5.55 earnings per share for the current fiscal year. Campbell Newman Asset Mngmt holds 0.16% of its portfolio in The Boeing Company (NYSE:BA) for 3,490 shares. First Hawaiian Bank invested in 10,397 shares. Moreover, Sabal Tru Com has 3.07% invested in AbbVie Inc. Dynamic Advsr Solutions holds 59,558 shares. St. Louis Trust Co now owns 3,411 shares of the company's stock worth $248,000 after purchasing an additional 23 shares in the last quarter. Oxbow Advsrs Limited Liability Company owns 1,453 shares or 0.07% of their United States portfolio. The firm owned 266,453 shares of the company's stock after selling 2,700 shares during the period. Federated Inc Pa reported 2.71% in AbbVie Inc. $8.57M worth of AbbVie Inc. During the same period previous year, the firm earned $1.21 EPS. ABBV's profit will be $2.28 billion for 17.50 P/E if the $1.43 EPS becomes a reality. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Therefore 47% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) has "Strong-Buy" rating given on Wednesday, September 2 by Vetr. On Tuesday, September 29 the stock rating was maintained by FinnCap with "Corporate".

AbbVie (NYSE:ABBV) last announced its quarterly earnings data on Friday, October 27th. As per Monday, June 26, the company rating was maintained by Jefferies. The stock of Wells Fargo & Company (NYSE:WFC) has "Outperform" rating given on Monday, September 19 by Robert W. Baird. Imperial Capital maintained Covanta Holding Corporation (NYSE:CVA) rating on Thursday, February 18.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.15, from 1.06 in 2017Q2. Ls Invest Lc invested in 58,953 shares. Neville Rodie And Shaw Inc has 126,223 shares. Jane Street Group Ltd Liability Corporation holds 0.02% or 75,911 shares in its portfolio. Wellington Management Gru Ltd Liability Partnership invested in 5.90 million shares or 0.14% of the stock. Btim owns 3,725 shares. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. research analysts anticipate that AbbVie will post 5.55 earnings per share for the current year. Lsv Asset Management has invested 0.44% of its portfolio in Celanese Corporation (NYSE:CE).

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER