Medicine

Highstreet Asset Management Inc. Purchases New Holdings in AbbVie Inc. (ABBV)

Highstreet Asset Management Inc. Purchases New Holdings in AbbVie Inc. (ABBV)

More notable recent AbbVie Inc (NYSE:ABBV) news were published by: Seekingalpha.com which released: "AbbVie inks $225M neurodegenerative drug development deal with Alector" on October 24, 2017, also Nasdaq.com with their article: "Physicians Financial Services, Inc". Salem Investment Counselors Inc. now owns 97,970 shares of the company's stock valued at $8,772,000 after buying an additional 5,196 shares in the last quarter. Ffcm LLC now owns 1,539 shares of the company's stock valued at $111,000 after acquiring an additional 963 shares in the last quarter. It improved, as 55 investors sold ABBV shares while 581 reduced holdings. Iguana Healthcare Management LLC boosted its holdings in shares of AbbVie by 62.5% in the 3rd quarter. Penserra Capital Management LLC now owns 1,764 shares of the company's stock valued at $111,000 after buying an additional 882 shares during the period. Acropolis Investment Management LLC purchased a new stake in AbbVie during the second quarter valued at approximately $106,000.

Mitsubishi Ufj Trust & Banking Corp says it sold 13,293 shares last quarter decreasing its exposure to Abbvie Inc. Bnp Paribas Arbitrage holds 1.42 million shares. Investec Asset Management LTD now owns 166,978 shares of the company's stock valued at $10,880,000 after purchasing an additional 5,801 shares in the last quarter. Aberdeen Asset Mgmt Public Limited Co Uk holds 0.21% of its portfolio in AbbVie Inc (NYSE:ABBV) for 848,944 shares. AMP Capital Investors Ltd now holds 732,892 shares valued at $65,124,000. Quantum Cap Management has invested 0.2% in AbbVie Inc (NYSE:ABBV). Optimum Invest invested 1.17% of its portfolio in AbbVie Inc (NYSE:ABBV). If you are reading this piece of content on another site, it was copied illegally and republished in violation of United States & worldwide trademark & copyright law.

Pura Vida Investments Llc decreased Abbvie Inc (ABBV) stake by 44.31% reported in 2017Q2 SEC filing. Moors & Cabot Inc. boosted its holdings in shares of AbbVie by 63.7% in the 3rd quarter. Renaissance Technology Ltd Liability invested 0.3% of its portfolio in AbbVie Inc (NYSE:ABBV). The stock declined 2.41% or $1.12 reaching $45.44 on the news. The Lower end of the earnings estimate is $1.37, while the higher end of the earnings estimate is $1.46. The company has market cap of $240.12 million.

AbbVie (NYSE:ABBV) last issued its quarterly earnings data on Friday, October 27th. The company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.02. AbbVie had a net margin of 24.38% and a return on equity of 164.66%. The business had revenue of $7 billion for the quarter, compared to analysts' expectations of $7 billion. During the same period previous year, the company posted $1.21 EPS.

EPS in next five year years is expected to touch 15.72% while EPS growth in past 5 year was 10.90% along with sales growth of 8.00% in the last five years. As per Wednesday, October 11, the company rating was upgraded by Cowen & Co. Shareholders of record on Friday, January 12th will be issued a $0.71 dividend. The stock has relative volume of 0.65. This represents a $2.56 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Thursday, January 11th. The firm has "Neutral" rating given on Monday, September 25 by UBS. The shares were sold at an average price of $88.00, for a total transaction of $589,512.00. Following the completion of the transaction, the vice president now directly owns 10,007 shares of the company's stock, valued at $880,616. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock of American Electric Power Company Inc (NYSE:AEP) has "Buy" rating given on Tuesday, August 18 by Mizuho.

More news: Marvel Comics Names CB Cebulski New Editor in Chief

The stock has Return on Assets (ROA) of 9.9 percent.

"Insider Trades for AbbVie Inc. show that the latest trade was made on - where -, the - completed a transaction type "-" in which - shares were traded at a price of $-. The disclosure for this sale can be found here.

In related news, Chairman Richard A. Gonzalez sold 193,131 shares of AbbVie stock in a transaction on Monday, August 7th. Company insiders own 0.23% of the company's stock. Zacks Investment Research downgraded AbbVie from a "buy" rating to a "hold" rating in a report on Wednesday, November 1st.

October 30 investment analysts at SunTrust Banks kept a "Buy" rating on the company. Equity analyst Leerink Swann lowered the price target on October 30 cutting the projection from $108.00 to $107.00 with a "Outperform" recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the a year ago is $93.15. The original version of this story can be accessed at https://weekherald.com/2017/11/17/abbvie-inc-abbv-receives-93-21-consensus-target-price-from-brokerages.html.

AbbVie Inc (AbbVie) is a research-based biopharmaceutical company.


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