AbbVie Inc. (NYSE:ABBV) Traded Well Above Its 50 Day Moving Average

The institutional investor held 215,389 shares of the consumer specialties company at the end of 2016Q4, valued at $6.66 million, up from 160,632 at the end of the previous reported quarter. It has underperformed by 6.07% the S&P500. Matarin Capital Management Llc bought 54,757 shares as the company's stock declined 10.35% while stock markets rallied. The Btc Capital Management Inc holds 53,292 shares with $3.33M value, up from 45,286 last quarter. Merck & Co Inc now has $179.51 billion valuation. More interesting news about AbbVie Inc (NYSE:ABBV) were released by: Seekingalpha.com and their article: "AbbVie's Patent Win And How It Benefits Long-Term Investors" published on September 08, 2017 as well as Bna.com's news article titled: "Drugmaker AbbVie Can't Convince Judge on "Sham" Lawsuits" with publication date: September 19, 2017. It has outperformed by 56.79% the S&P500.

Matarin Capital Management Llc increased its stake in Central Garden & Pet Company Class A (CENTA) by 34.09% based on its latest 2016Q4 regulatory filing with the SEC. Insider ownership during the past year has decreased by a net of 603627 shares. Chevron Corp New (NYSE:CVX) was reduced too.

Investors sentiment decreased to 0.98 in Q4 2016. MRK has a beta of 0.82 and ABBV's beta is 1.50. It worsened, as 86 investors sold ABBV shares while 555 reduced holdings.

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These funds have shifted positions in (ABBV). Strategic owns 4,322 shares. Private Asset Inc has 14,056 shares for 0.15% of their portfolio. (NYSE:ABBV) recently. Richard A. Gonzalez, Chairman disclosed the sale of 193,131 shares of (ABBV). Cape Ann Bancshares reported 0.68% in AbbVie Inc (NYSE:ABBV). Following the transaction, the senior vice president now owns 93,099 shares in the company, valued at approximately $7,915,276.98. Amica Retiree Medical Trust accumulated 0.48% or 9,640 shares. Telemus Ltd has invested 0.25% of its portfolio in AbbVie Inc (NYSE:ABBV). Trust Of Virginia Va reported 90,853 shares stake. 10,000 are owned by Sarissa Mngmt Lp. Smithfield Tru Com accumulated 15,723 shares. Ridgeworth Capital Ltd Llc reported 0% of its portfolio in AbbVie Inc (NYSE:ABBV). They expect $0.74 EPS, up 2.78% or $0.02 from last year's $0.72 per share. WCC's profit will be $49.43M for 13.56 P/E if the $1.03 EPS becomes a reality. Atwood & Palmer Inc. boosted its position in AbbVie by 1,333.3% during the first quarter. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.40, which implies that analysts are generally neutral in their outlook for ABBV over the next year. Therefore 45% are positive. The rating was maintained by Jefferies on Friday, August 18 with "Buy". Jefferies Group LLC reiterated a "buy" rating and set a $94.00 price objective (up from $92.00) on shares of AbbVie in a research note on Monday, July 17th. Deutsche Bank AG reiterated a "hold" recommendation and given a $66.00 price target (up from $65.00) on stocks of AbbVie in a study report on early Mon, Jul 17th. crowd sourced stock rating company Vetr boosted AbbVie from a "hold" recommendation to a "buy" recommendation and fixed a $76.28 target price for The corporation in a note on Wed, Jul 26th. The stock of AbbVie Inc (NYSE:ABBV) has "Neutral" rating given on Friday, December 18 by Atlantic Securities. The company was maintained on Friday, September 15 by Piper Jaffray.

The company's P/E ratio is 20.98 and market cap is 136.01B. The stock's market capitalization is 137.68B.

Since May 4, 2017, it had 0 buys, and 5 sales for $18.84 million activity. (NYSE:DPS) by 18,554 shares to 40,309 shares, valued at $3.65 million in 2016Q4, according to the filing. 79,800 shares were sold by Schumacher Laura J, worth $5.59M. The shares were sold at an average price of $71.00, for a total transaction of $13,712,301.00.

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Analysts await Merck & Co., Inc. (ABBV) to generate earnings per share of $5.52 in 2017. The Virginia-based Davidson & Garrard has invested 1.78% in AbbVie Inc (NYSE:ABBV). Its up 0.01, from 0.99 in 2016Q3. Capital One National Association's holdings in AbbVie were worth $10,331,000 at the end of the most recent quarter. 104 funds opened positions while 244 raised stakes. Cls Invests Limited Liability, a Nebraska-based fund reported 16,222 shares. Raymond James Na stated it has 338,951 shares or 1.59% of all its holdings. 3,244 are held by Sunbelt Securities. 29,618 are owned by Birch Hill Limited Liability Corp. Winch Advisory Serv Ltd invested 0.01% of its portfolio in Merck & Co., Inc.

Other hedge funds have also modified their holdings of the company. (NYSE:MRK) for 1.20 million shares. Conestoga Advisors Lc invested in 0.03% or 7,935 shares. Compton Cap Ri owns 27,940 shares or 0.92% of their United States portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 431,574 shares. After $0.71 actual EPS reported by Sonoco Products Co for the previous quarter, Wall Street now forecasts 4.23% EPS growth. (NYSE:MRK). Inr Advisory Svcs stated it has 0.2% of its portfolio in Merck & Co., Inc.

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