EPS for AbbVie Inc (ABBV) Expected At $1.37

Henrietta Strickland
September 28, 2017

Goldman Sachs Group, Inc. The stock declined 3.18% or $1.41 reaching $42.98 on the news. About 960,905 shares traded. General Motors Company (NYSE:GM) has risen 7.92% since September 27, 2016 and is uptrending. It has outperformed by 1.95% the S&P500. Maine-based Spinnaker Tru has invested 0.04% in AbbVie Inc (NYSE:ABBV). Atwood & Palmer Inc. now owns 2,150 shares of the company's stock worth $140,000 after buying an additional 2,000 shares during the last quarter. AbbVie Inc has a one year low of $55.06 and a one year high of $68.12. The stock increased 0.78% or $0.32 on September 27, reaching $40.58. About 5.37M shares traded. (NYSE:ABBV) will report $1.37 earnings per share (EPS) for the current quarter, according to Zacks. It has underperformed by 6.07% the S&P500. (NYSE:ABBV). This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.

09/11/2017 - AbbVie Inc. had its "outperform" rating reiterated by analysts at Cowen. The stock has "Neutral" rating by JP Morgan on Thursday, September 8. The stock of AbbVie Inc (NYSE:ABBV) has "Buy" rating given on Monday, June 26 by Jefferies. Citigroup has " rating and $60 target. Jefferies restated a "buy" recommendation and fixed a $107.00 target price (up from $94.00) on stocks of AbbVie in a study report published on Fri, Sep 15th. Credit Suisse maintained AbbVie Inc (NYSE:ABBV) on Wednesday, June 7 with "Hold" rating. Vetr upgraded AbbVie from a "buy" rating to a "strong-buy" rating and set a $67.88 target price for the company in a research note on Tuesday, February 7th. UBS downgraded AbbVie Inc (NYSE:ABBV) on Monday, September 25 to "Neutral" rating. The stock presently has an average rating of "Buy" and an average price target of $72.17. RBC Capital Markets maintained the shares of GM in report on Friday, July 14 with "Hold" rating.

ABBV has been the subject of several research analyst reports. It also upped Dollar Gen Corp New (NYSE:DG) stake by 5,813 shares and now owns 253,954 shares. Guggenheim S&P 500 Equal (RSP) was raised too.

This nets out to an increase of 1.45 million shares and is a bullish sign for ABBV. The company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.40 by $0.02.

Sustainable Insight Capital Management LLC acquired a new stake in AbbVie Inc (NYSE:ABBV) during the fourth quarter, Holdings Channel reports.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moreover, Goelzer Mngmt Inc has 0.73% invested in AbbVie Inc (NYSE:ABBV). 3,647,854 stocks of the shares transacted hands. Utd States Steel & Carnegie Pension Fund owns 799,806 shares. Calculated by dividing AbbVie Inc.'s annual earnings by its total assets, investors will note a return on assets of 10.00%. Cs Mckee LP has 24,700 shares for 0.07% of their portfolio. Barnett & Inc accumulated 202,908 shares. Winslow Evans & Crocker Inc holds 0% or 422 shares. Wetherby Asset Mngmt Inc accumulated 27,149 shares. Barclays Public Ltd Com reported 0.11% stake. Trustmark Bancorp Trust Department reported 96,635 shares or 0.39% of all its holdings. CHASE WILLIAM J also sold $2.50 million worth of AbbVie Inc (NYSE:ABBV) on Thursday, May 18. Baker Boyer Bankshares invested in 0.81% or 2,811 shares. The insider ALBAN CARLOS sold $2.88 million. Shares were disposed in a price range of $85.02, amounting $705,666.00. after the closing of the transaction the SVP has an ownership of 93,099 company stock worth at roughly $7,915,276.98.

Among 28 analysts covering The Home Depot Inc.

06/22/2017 - AbbVie Inc. was upgraded to "buy" by analysts at Societe Generale. Therefore 71% are positive. General Motors Company had 61 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 17 by Argus Research. The firm has "Outperform" rating by Credit Agricole given on Thursday, July 30. The rating was downgraded by Citigroup to "Neutral" on Monday, November 28. Oppenheimer maintained the stock with "Hold" rating in Tuesday, June 6 report.

Since May 17, 2017, it had 1 buy, and 6 selling transactions for $34.63 million activity. Also, Chairman Richard A. Gonzalez sold 87,899 shares of the stock in a transaction dated Friday, August 4th. The insider Hewett Wayne M. bought 350 shares worth $54,989. On Wednesday, June 14 the insider Schumacher Laura J sold $5.59 million. (NYSE:ABBV)'s stock has performed 33.21%. Shares for $1.10 million were sold by Campbell Ann Marie.

Investors sentiment decreased to 1.02 in Q2 2017. It is positive, as 38 investors sold HD shares while 632 reduced holdings. 41 funds opened positions while 83 raised stakes. 822.13 million shares or 1.82% less from 837.36 million shares in 2017Q1 were reported. Susquehanna Int Grp Limited Liability Partnership holds 0% or 12,399 shares in its portfolio. Sterling Capital Management Ltd Company reported 1.50 million shares. Stratford Consulting has an ownership of 3,959 stocks of the firms shares valued $258,000 after scooping up an extra 29 shares through out the quarter. C M Bidwell & owns 31,026 shares for 1.02% of their portfolio. Macguire Cheswick Tuttle Counsel Limited Liability Corp reported 3.76% of its portfolio in Home Depot Inc (NYSE:HD).

Earnings Per Share (EPS) is the earnings made by a company divided by their number of shares. The Prudential Financial Inc holds 161,331 shares with $5.92 million value, up from 139,431 last quarter. Financial Advisory Inc accumulated 1,377 shares. Omers Administration has 0.03% invested in AbbVie Inc (NYSE:ABBV). Mai Cap Mngmt reported 37,865 shares. Bluemountain Cap Management Limited Liability Corporation stated it has 0.01% in General Motors Company (NYSE:GM). Cincinnati Ins invested 3.1% of its portfolio in AbbVie Inc (NYSE:ABBV). Royal Fincl Bank Of Canada accumulated 0.02% or 855,834 shares.

Bluestein R H & Company decreased Intel Corp (NASDAQ:INTC) stake by 387,029 shares to 8,000 valued at $270,000 in 2017Q2. Orasure Technologies Inc (NASDAQ:OSUR) was reduced too.

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