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Main » SunTrust Banks, Inc. Reaffirms Buy Rating for AbbVie Inc. (NYSE:ABBV)

SunTrust Banks, Inc. Reaffirms Buy Rating for AbbVie Inc. (NYSE:ABBV)

15 November 2017

The institutional investor held 530,530 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $38.47M, down from 577,200 at the end of the previous reported quarter. Sit Investment Associates Inc sold 46,670 shares as the company's stock rose 6.17% with the market. Glenview Capital Management Llc sold 1.19M shares as Abbvie Inc (ABBV)'s stock rose 6.17%. It has underperformed by 6.07% the S&P500. Accident Compensation Corp increased its stake in AbbVie by 24.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,226,116 shares of the company's stock worth $378,946,000 after purchasing an additional 89,442 shares during the last quarter. Ameriprise Financial Inc. now owns 10,364,784 shares of the company's stock worth $641,739,000 after buying an additional 3,562,980 shares during the last quarter. The stock declined 2.50% or $0.62 reaching $24.17 on the news. It has underperformed by 77.66% the S&P500. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The Higher end of the revenue forecast is $7.63 Billion, while the Lower end of the forecast is $7.3 Billion. The company now has an average rating of "Buy" and an average price target of $93.68. Cantor Fitzgerald maintained it with "Buy" rating and $45.0 target in Monday, November 6 report. The Jana Partners Llc holds 767,408 shares with $22.36M value, up from 655,252 last quarter.

A number of research analysts have weighed in on the company. The rating was maintained by Needham with "Buy" on Friday, January 8. The firm has "Outperform" rating by William Blair given on Friday, February 5. The rating was maintained by BMO Capital Markets on Wednesday, October 11 with "Hold". The firm earned "Mkt Perform" rating on Thursday, December 17 by FBR Capital. Piper Jaffray maintained the shares of ABBV in report on Thursday, September 28 with "Buy" rating. The rating was maintained by Deutsche Bank on Tuesday, July 18 with "Buy". A change of -0.48% in the price clearly indicates a strong asset performance for the corporation, bearing in mind the total returns from its investment and dividends or distributions obtained from the investment. Insiders sold a total of 58,932 shares of company stock worth $5,379,432 over the last ninety days. About 621,822 shares traded.

More recent Ball Corporation (NYSE:BLL) news were published by: Nasdaq.com which released: "Ball Corporation (BLL) to Post Q3 Earnings: What to Expect?" on October 30, 2017. (NASDAQ:INFI) to report earnings on March, 13.

Investors sentiment increased to 1.88 in 2017 Q2. Its up 6.58, from 1.06 in 2017Q1. RPg Family Wealth Advisory, LLC divested its holdings by shedding 72 shares a decrease of 9.4%. 62 funds opened positions while 297 raised stakes. Quantbot LP stated it has 5,837 shares. Hudson Bay Cap Mgmt Limited Partnership, a New York-based fund reported 38,300 shares. Campbell Newman Asset Incorporated reported 0.33% stake. Quantbot Techs Lp accumulated 3,062 shares. Mcdaniel Terry & holds 18,634 shares or 0.26% of its portfolio. Moreover, D E Shaw And Communications Inc has 0% invested in Mobileiron Inc (NASDAQ:MOBL). Mason Street Limited Liability reported 48,592 shares. Schwab Charles Investment Management Inc. boosted its stake in shares of AbbVie by 1.7% in the second quarter. Fernwood Invest Mngmt Llc invested in 0.92% or 17,505 shares. Bnp Paribas Asset Management Holding Sa reported 382,406 shares or 0.14% of all its holdings. "Buys DowDuPont Inc, Red Hat Inc, AbbVie ..." on November 02, 2017.

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AbbVie (NYSE:ABBV) traded down $0.31 during trading hours on Monday, reaching $95.12.

Investors sentiment increased to 1 in Q2 2017. Its down 0.50, from 1.89 in 2017Q1. The shares were sold at an average price of $85.02, for a total value of $705,666.00. BlackRock Institutional Trust Company N.A. raised its position in AbbVie by 0.9% in the second quarter. Summit Financial Wealth Ltd Liability Corp owns 65,125 shares or 1.87% of their U.S. portfolio. Mcf Advisors Limited Liability Company holds 200 shares. Princeton Capital owns 19,246 shares for 0.88% of their portfolio. Putnam Invests Limited Liability Company has invested 0.01% of its portfolio in AbbVie Inc (NYSE:ABBV). 26,774 are held by National Asset Management. Bancorp Of Nova Scotia has 8,324 shares for 0.07% of their portfolio. Chicago Equity Ltd holds 0% or 14,365 shares. Shannon River Fund Management Ltd Liability invested 1.78% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Checchi Cap Advisers Lc, California-based fund reported 16,219 shares. Genesee Valley Tru reported 0.1% in AbbVie Inc (NYSE:ABBV). ABBV's profit will be $2.28B for 16.31 P/E if the $1.43 EPS becomes a reality.

Since May 18, 2017, it had 0 insider purchases, and 3 sales for $13.46 million activity. 71,235 shares were sold by GONZALEZ RICHARD A, worth $4.67 million on Friday, May 19. Schulhoff And Co has invested 1.06% in AbbVie Inc (NYSE:ABBV). Therefore 52% are positive.

Three months ago, on the other hand, the average analyst rating for AbbVie Inc. The firm has "Buy" rating given on Monday, May 29 by Jefferies. Credit Suisse Ag holds 3.47 million shares. The firm earned "Outperform" rating on Monday, October 2 by Leerink Swann. The stock of AbbVie Inc (NYSE:ABBV) has "Hold" rating given on Friday, July 28 by Cowen & Co. Jefferies Group reiterated a "buy" rating and set a $90.00 target price on shares of AbbVie in a report on Thursday, January 5th.