Gamble Jones Investment Counsel Reduces Holdings in AbbVie Inc. (ABBV)

Tuesday, 17 Apr, 2018

The company reported $1.20 earnings per share for the quarter, hitting analysts' consensus estimates of $1.20. Farr Miller & Washington Llc who had been investing in Bb&T Corp for a number of months, seems to be bullish on the $40.42 billion market cap company. The stock increased 1.00% or $0.93 during the last trading session, reaching $93.53. About 124,618 shares traded. AbbVie Inc. (ABBV) recently closed with fall of -4.60% to its 20-Day Simple Moving Average. It has outperformed by 27.65% the S&P500.

Farr Miller & Washington Llc increased its stake in Bb&T Corp (BBT) by 1.39% based on its latest 2017Q4 regulatory filing with the SEC. BMO Capital Markets maintained AbbVie Inc. The institutional investor held 100,793 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $14.08 million, up from 96,711 at the end of the previous reported quarter. First Capital Realty Inc. The stock increased 7.15% or $22.01 during the last trading session, reaching $329.79. The company's 3-months average volume stands at 7.74 million. General Electric Company (NYSE:GE) has declined 54.35% since April 17, 2017 and is downtrending. It has underperformed by 10.43% the S&P500.

Among 5 analysts covering Insight Enterprises (NASDAQ:NSIT), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 67% are positive. AbbVie had 25 analyst reports since October 30, 2017 according to SRatingsIntel. SunTrust maintained the shares of BBT in report on Thursday, January 18 with "Buy" rating. $123.91's average target is 33.81% above currents $92.6 stock price. The rating was maintained by Jefferies on Friday, March 23 with "Buy". Atlantic Securities downgraded the stock to "Sell" rating in Friday, July 21 report. The firm has "Hold" rating given on Thursday, August 4 by Jefferies. Looking at the big picture from the data above, the average analyst rating for AbbVie 2.30.

Since February 15, 2018, it had 0 buys, and 1 sale for $20.17 million activity. (NASDAQ:ADSK). Exane Derivatives owns 0.03% invested in Autodesk, Inc. Its down 0.05, from 0.85 in 2017Q3. It increased, as 35 investors sold JNJ shares while 884 reduced holdings. 38,982 are owned by Duncker Streett Com. Front Barnett Assoc Limited Liability Corp holds 0.13% or 8,288 shares in its portfolio. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.04. Marshwinds Advisory holds 0.18% of its portfolio in BB&T Corporation (NYSE:BBT) for 8,027 shares. Moreover, Natl Mutual Ins Federation Of Agricultural Cooperatives has 0.08% invested in Johnson & Johnson (NYSE:JNJ). Mitsubishi Ufj Company holds 0.19% of its portfolio in AbbVie Inc. Mcmillion Capital Mgmt has 3.07% invested in Johnson & Johnson (NYSE:JNJ).

AbbVie Inc. (ABBV) stock analysis is based on price earnings ratio (P/E) ratio. Proficio Capital Partners LLC now owns 2,719 shares of the company's stock valued at $171,000 after buying an additional 43 shares during the period. The institutional investor held 61,529 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.07 million, down from 102,333 at the end of the previous reported quarter. Brighton Jones reported 0.33% of its portfolio in Johnson & Johnson (NYSE:JNJ).

Since October 30, 2017, it had 0 insider purchases, and 12 selling transactions for $49.35 million activity. $43.05 million worth of stock was sold by SARANDOS THEODORE A on Thursday, February 8. ALBAN CARLOS sold 83,574 shares worth $9.57 million. Schumacher Laura J sold $14.07M worth of stock. BlackRock Inc. now owns 94,074,962 shares of the company's stock worth $6,821,375,000 after purchasing an additional 1,864,418 shares during the period. Connors Investor Svcs invested 1.09% of its portfolio in AbbVie Inc. 992 AbbVie Inc. (NYSE:ABBV) shares with value of $119,351 were sold by Michael Robert A. $8.57 million worth of AbbVie Inc. The shares were sold at an average price of $114.49, for a total value of $9,568,387.26. (NYSE:ABBV). Beaumont Prns Ltd Llc holds 6,223 shs. Therefore 46% are positive. During the same period last year, the company posted $1.20 EPS. research analysts forecast that AbbVie Inc. will post 7.53 EPS for the current year. On Monday, March 26 the stock rating was maintained by Bank of America with "Hold".

AbbVie declared that its board has approved a stock repurchase plan on Thursday, February 15th that permits the company to repurchase $10.00 billion in outstanding shares. Finally, ValuEngine cut shares of AbbVie from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 28th. (NYSE:ABBV) on Wednesday, April 19 with "Hold" rating. Morgan Stanley downgraded AbbVie Inc.

Shares of ABBV stock opened at $92.60 on Tuesday. The rating was maintained by BMO Capital Markets with "Market Perform" on Thursday, November 16. Societe Generale initiated AbbVie Inc. (NYSE:ABBV) to report earnings on April, 26. Capital Guardian Co owns 0.11% invested in AbbVie Inc. (NYSE:ABBV) on Sunday, October 29 with "Buy" rating. Leerink Swann started coverage on AbbVie in a research report on Tuesday, October 18th. Its down 0.34, from 1.42 in 2017Q3. 139 funds opened positions while 448 raised stakes. Balyasny Asset Mngmt Ltd Liability reported 209,227 shares. Iridian Asset Management Llc bought 68,904 shares as the company's stock rose 23.51% while stock markets declined. Nelson Roberts Advsr Ltd Liability holds 10,590 shares. Illinois-based Calamos Ltd Liability Company has invested 0.42% in AbbVie Inc. Patten Group Inc has invested 0.2% in Autodesk, Inc.

AbbVie (NYSE:ABBV) last announced its quarterly earnings results on Friday, January 26th. Baxter Bros, a Connecticut-based fund reported 2,549 shares. This is a boost from AbbVie's previous quarterly dividend of $0.71. (NYSE:ABBV). Wright Ser accumulated 54,653 shares or 1.77% of the stock. (NASDAQ:ADSK). Nordea Invest Mngmt invested 0.02% of its portfolio in Autodesk, Inc. Cliftonlarsonallen Wealth Advisors Llc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $147.67B market cap company. Farmers Bank & Trust holds 12,036 shares or 0.97% of its portfolio.