AbbVie Inc (NYSE:ABBV) Shares Bought by CLS Investments LLC

Henrietta Strickland
March 13, 2018

Yhb Investment Advisors Inc sold 24,537 shares as the company's stock rose 6.17% with the market. The institutional investor held 142,131 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $12.63M, up from 44,745 at the end of the previous reported quarter. Sageworth Trust Co who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $188.02B market cap company. The stock increased 0.79% or $0.26 during the last trading session, reaching $32.98. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since March 12, 2017 and is uptrending. It has underperformed by 9.89% the S&P500.

Accredited Investors Inc increased its stake in Intel Corp (INTC) by 186.31% based on its latest 2017Q3 regulatory filing with the SEC. Palisade Asset Management LLC now owns 68,311 shares of the company's stock worth $4,953,000 after purchasing an additional 10,381 shares during the period.

Shares of AbbVie Inc (NYSE:ABBV) traded down $1.01 on Monday, reaching $118.28. About 5.40M shares traded or 7.18% up from the average. It has outperformed by 19.67% the S&P500.

Since September 11, 2017, it had 0 insider purchases, and 13 sales for $49.94 million activity. The insider Gosebruch Henry O sold $1.66M.

In related news, VP Robert A. Michael sold 992 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. About 2.34 million shares traded. 17,830 Facebook, Inc. (NASDAQ:FB) shares with value of $3.29 million were sold by FISCHER DAVID B. The stock was sold at an average price of $119.43, for a total value of $512,832.42. Aspen Investment Management Inc now owns 5,210 shares of the company's stock worth $378,000 after buying an additional 40 shares during the last quarter. Bangor Fincl Bank has invested 0.12% in AbbVie Inc. (NYSE:ABBV) to report earnings on April, 26. Seabridge Invest Limited Liability invested in 2,600 shares or 0.05% of the stock. ABBV's profit will be $2.83 billion for 16.61 P/E if the $1.78 EPS becomes a reality.

Analysts await AbbVie Inc. Enterprise Finance Services accumulated 18,231 shares. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Therefore 48% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. Leavell Invest Mngmt has invested 0.75% in AbbVie Inc. The firm earned "Buy" rating on Friday, September 15 by Jefferies. The company was maintained on Wednesday, July 29 by JP Morgan. (NYSE:STNG) on Monday, July 3 with "Buy" rating. On Thursday, September 28 the stock rating was maintained by Piper Jaffray with "Buy". The company was maintained on Sunday, July 30 by BMO Capital Markets.

In other AbbVie news, insider Laura J. Schumacher sold 145,510 shares of the firm's stock in a transaction on Friday, December 15th. The stock has "Market Perform" rating by Cowen & Co on Monday, June 6. The rating was upgraded by Citigroup to " on Monday, September 28.

Investors sentiment decreased to 1 in Q3 2017. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.04. It turned negative, as 55 investors sold ABBV shares while 640 reduced holdings. 76 funds opened positions while 330 raised stakes. Vermont-based Prentiss Smith has invested 0.27% in NIKE, Inc. (NYSE:ABBV) on Wednesday, June 8 to "Equal-Weight" rating. Heritage Invsts Corporation accumulated 98,616 shares. Live Your Vision Ltd reported 0% stake. Shareholders of record on Friday, April 13th will be issued a dividend of $0.96 per share. The New York-based Glg Ltd Liability Com has invested 0.65% in AbbVie Inc. 364,135 were reported by Texas Permanent School Fund. Stack has invested 1.33% in NIKE, Inc. Thrivent Financial For Lutherans holds 0.02% or 74,988 shares in its portfolio. Live Your Vision Ltd Liability Corporation owns 83 shares or 0% of their USA portfolio. (NYSE:NKE). Vigilant Capital Management Ltd Liability Com has 1.54% invested in NIKE, Inc. (NYSE:ABBV). 119,548 are owned by Howe And Rusling. 112,075 are held by Banque Pictet And Cie. Lpl Fin Ltd has 544,942 shares. Beaumont Financial Partners LLC now owns 5,616 shares of the company's stock worth $407,000 after buying an additional 56 shares during the last quarter. Bb&T Corporation invested in 577,421 shares. Willingdon Wealth Mngmt reported 2.23% in AbbVie Inc. (NYSE:NKE). Oakworth Capital owns 2,864 shares. Montecito Bankshares & Tru holds 14,089 shares. First Republic Investment Management owns 703,638 shares. Comerica reported 0.79% stake. BDO Wealth Advisors LLC acquired a new stake in shares of AbbVie in the 2nd quarter valued at approximately $115,000. Societe Generale upped their price target on shares of AbbVie in a research report on Tuesday, November 21st. Formidable Asset Management LLC grew its position in AbbVie by 0.3% in the second quarter. (NYSE:ABBV). Blair William Il has 814,452 shares for 0.54% of their portfolio. It also reduced its holding in Biogen Inc (NASDAQ:BIIB) by 27,960 shares in the quarter, leaving it with 25,554 shares, and cut its stake in Alphabet Inc. Shares for $2.46M were sold by BEATTIE ART P.

Since October 2, 2017, it had 0 insider purchases, and 19 selling transactions for $34.96 million activity. 38,055 shares valued at $6.57M were sold by Schroepfer Michael Todd on Tuesday, September 12. 4,019 shares valued at $376,219 were sold by WRIGHT DEBORAH C on Monday, February 12. It also reduced its holding in Hanesbrands Inc (NYSE:HBI) by 79,810 shares in the quarter, leaving it with 10.43 million shares, and cut its stake in United Technologies Corp (NYSE:UTX). (NYSE:STNG), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 69% are positive. Enterprise Products Partners LP had 54 analyst reports since July 23, 2015 according to SRatingsIntel. Leerink Swann downgraded AbbVie Inc.

AbbVie (NYSE:ABBV) last issued its quarterly earnings results on Friday, January 26th. The rating was downgraded by Goldman Sachs on Thursday, January 11 to "Sell". Moffett Nathanson downgraded Time Warner Inc. (NYSE:NKE) has "Hold" rating given on Wednesday, March 23 by Canaccord Genuity. On Wednesday, October 11 the stock rating was maintained by BMO Capital Markets with "Hold". Howard Weil maintained the stock with "Sector Perform" rating in Wednesday, October 28 report. The firm has "Buy" rating by Argus Research given on Friday, February 2. The firm earned "Hold" rating on Tuesday, October 31 by Needham.

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