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Main » Green Square Capital LLC Trims Stake in AbbVie Inc (ABBV)

Green Square Capital LLC Trims Stake in AbbVie Inc (ABBV)

11 March 2018

The institutional investor owned 150,876 shares of the company's stock after buying an additional 2,648 shares during the period. Financial Engines Advisors Llc who had been investing in Abbvie Common Stock for a number of months, seems to be less bullish one the $182.17B market cap company. Insiders own 0.23% of the company's stock. The company saw 6.56 million shares trade hands over the course of the day. It has underperformed by 6.07% the S&P500.

Harding Loevner Lp increased its stake in Sap Se (SAP) by 4590.34% based on its latest 2017Q3 regulatory filing with the SEC. In the last ninety days, insiders sold 443,747 shares of company stock worth $47,226,935. The institutional investor held 302,476 shares of the military and government and technical company at the end of 2017Q3, valued at $4.61 million, up from 234,187 at the end of the previous reported quarter. The stock increased 1.53% or $1.75 during the last trading session, reaching $116.47. About 3.25 million shares traded. The Home Depot, Inc.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. It has outperformed by 20.12% the S&P500. About 2.40 million shares traded. RICHMOND TIMOTHY J. also sold $2.15M worth of AbbVie Inc. Altavista Wealth Mgmt has 3,879 shares. $8.31 million worth of AbbVie Inc.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 1.04, from 1.83 in 2017Q2. 56 funds opened positions while 275 raised stakes. Ifc Holdg Fl reported 25,115 shares. 77,286 were reported by Davenport & Company Limited Company. Asset Management holds 4,022 shares or 0.01% of its portfolio. Iridian Asset Management Llc Ct, a Connecticut-based fund reported 3.17 million shares. Benedict Advsrs reported 2,685 shares. Foyston Gordon And Payne Inc holds 0.19% or 12,275 shares in its portfolio. (NYSE:NOW) for 10,705 shares. Legacy Capital Prtn reported 0.38% in The Home Depot, Inc. (NYSE:NOW) for 329,396 shares. This is an increase from AbbVie's previous quarterly dividend of $0.71. Overall, the share price is up 18.62% year to date. Parametric Portfolio Assoc Ltd Liability Company invested in 135,944 shares. Bb&T Corp accumulated 0.16% or 57,476 shares.

TEGNA Inc., a media company, operates a portfolio of broadcast stations and digital sites; and provides marketing service solutions for businesses.

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Trend Direction of AbbVie Inc. Invesco Ltd accumulated 335,506 shares. The rating was maintained by Piper Jaffray on Thursday, September 28 with "Buy". Therefore 15% are positive. The Home Depot Inc. had 115 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of The Home Depot, Inc. Gordon Haskett Capital Corporation initiated The Home Depot, Inc. Morgan Stanley upgraded the shares of ABBV in report on Monday, November 2 to "Overweight" rating. The rating was maintained by Jefferies with "Buy" on Monday, July 17. The firm has "Hold" rating by Deutsche Bank given on Thursday, September 28. The company was upgraded on Tuesday, February 23 by Citigroup. BMO Capital Markets maintained AbbVie Inc. The rating was downgraded by Needham on Monday, September 28 to "Hold". Needham maintained Stryker Corporation (NYSE:SYK) on Friday, July 28 with "Sell" rating. It also increased its holding in Ecolab Inc (NYSE:ECL) by 64,833 shares in the quarter, for a total of 3.77 million shares, and has risen its stake in Spring Bk Pharmaceuticals In.

AbbVie Inc. (ABBV) stock price traded at a gap of 0.73% from an average price of last twenty days and stands at a distance of 6.95% away from it's an average price of recent fifty days. SALEKI-GERHARDT AZITA also sold $157,458 worth of AbbVie Inc. (NYSE:NOW) on Wednesday, February 14. The insider Schumacher Laura J sold $14.07M.

Now we will discuss the financial strength of AbbVie Inc.

A number of analysts have recently issued reports on the stock. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.44 by $0.04. ABBV's profit will be $2.83B for 16.46 P/E if the $1.78 EPS becomes a reality. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.04. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Therefore 48% are positive. Seres Therapeutics Inc had 23 analyst reports since July 21, 2015 according to SRatingsIntel.

Moving average of AbbVie Inc. The firm has "Buy" rating given on Friday, February 2 by Argus Research. Finally, Leerink Swann set a $106.00 price objective on shares of AbbVie and gave the stock a "buy" rating in a research report on Tuesday, December 5th. The firm has "Neutral" rating given on Friday, December 11 by Goldman Sachs. The firm has "Outperform" rating by Cowen & Co given on Friday, June 24. FBR Capital maintained the shares of OC in report on Thursday, October 27 with "Mkt Perform" rating.

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Price earnings ratio (P/E) ratio of AbbVie Inc. Jefferies Group set a $145.00 price objective on shares of AbbVie and gave the stock a "buy" rating in a report on Monday, February 26th.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.05, from 0.85 in 2017Q2. It fall, as 55 investors sold ABBV shares while 640 reduced holdings. 132 funds opened positions while 462 raised stakes. Huntington Financial Bank holds 0.75% of its portfolio in AbbVie Inc.

AbbVie Inc. (ABBV) stock is Overbought or Oversold? (NYSE:ABBV). Clifford Swan Invest Counsel Ltd owns 172,049 shares or 0.93% of their United States portfolio. (NYSE:ABBV) for 40 shares. AbbVie has a one year low of $62.97 and a one year high of $125.86. Harvey Ltd Com reported 110,938 shares. Hillsdale Mgmt Inc has 0.08% invested in AbbVie Inc. (NYSE:ABBV) for 22,414 shares. (NASDAQ:AREX). Moreover, Dimensional Fund Limited Partnership has 0% invested in Approach Resources, Inc. Aristotle Cap Management Limited Liability Company has 4.63M shares. 3 analysts say it's a Hold while 1 analysts provided their expert opinion as Sell. Bank & Trust Of Montreal Can owns 19,884 shares for 0% of their portfolio. Highlander Mngmt Ltd Company accumulated 500 shares. Beck Mack And Oliver Limited Liability Com reported 57,688 shares.

Ardsley Advisory Partners, which manages about $862.45 million and $751.91M US Long portfolio, upped its stake in Proshares Tr (TBT) by 250,000 shares to 256,000 shares, valued at $9.11 million in 2017Q3, according to the filing.

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Green Square Capital LLC Trims Stake in AbbVie Inc (ABBV)