AbbVie Inc. (ABBV) Receives $78.39 Average PT from Brokerages

Andrew Cummings
September 13, 2017

Fred's had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Tuesday, August 11 by TheStreet. The firm has "Neutral" rating by Credit Suisse given on Monday, October 31. As per Tuesday, August 18, the company rating was maintained by Argus Research. Citigroup downgraded AbbVie Inc (NYSE:ABBV) on Monday, November 28 to "Neutral" rating. Jefferies maintained the stock with "Buy" rating in Friday, August 18 report. The firm has "Hold" rating given on Tuesday, March 15 by Deutsche Bank. Scotia Capital maintained the stock with "Sector Perform" rating in Thursday, September 22 report. Cowen & Co maintained the shares of GE in report on Friday, April 21 with "Hold" rating.

Hourglass Capital Llc increased Abbvie Inc (ABBV) stake by 2142.3% reported in 2016Q4 SEC filing. Meritage Group Lp acquired 115,389 shares as Abbvie Inc (ABBV)'s stock rose 6.17%. The King Wealth Management Group Llc holds 44,209 shares with $2.77M value, up from 33,415 last quarter. Abbvie Inc Com now has $137.44B valuation. The stock rose 0.40% or $0.35 reaching $87.35. About 4.34M shares traded.

AbbVie Inc. (NYSE:ABBV) has been the object of insider selling activity recently. It has underperformed by 6.07% the S&P500. Its down 0.05, from 1.03 in 2016Q3.

More notable recent AbbVie Inc (NYSE:ABBV) news were published by: Seekingalpha.com which released: "Recent Sale: AbbVie" on September 01, 2017, also Fool.com with their article: "The case for GlaxoSmithKline" published on September 08, 2017, Nasdaq.com published: "AbbVie Inc". Its down 0.03, from 0.82 in 2016Q3. The dividend will be $0.640 per share for the quarter which comes to $2.56 on an annualized basis. American Century holds 0.02% or 477,549 shares. Thompson Davis &, a Virginia-based fund reported 697 shares. Naples Advisors Limited Liability Com owns 29,513 shares or 0.72% of their USA portfolio. Mcrae Capital Mngmt Incorporated accumulated 5,092 shares. Pitcairn holds 18,979 shares or 0.15% of its portfolio. (NASDAQ:GILD). Warren Averett Asset Management Ltd Llc reported 0.12% stake. Bnp Paribas Arbitrage Sa reported 10,825 shares.

The share price of AbbVie Inc. Principal Grp holds 0.03% or 272,374 shares in its portfolio.

The stock has Return on Assets (ROA) of 10 percent.


It is the net asset value of a company, calculated as total assets minus intangible assets and liabilities. Highbridge Capital Mgmt Ltd Co stated it has 337,528 shares. Whitnell Com invested 1.36% of its portfolio in AbbVie Inc (NYSE:ABBV).

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The company has market cap of $269.97 million.

The P/E ratio is now 20.99 and the market cap of the company is 136.02B. The Company operates in pharmaceutical products segment. (ABBV) escalated 1.95% and closed its last trading session at $87. Eaton Vance Management reported 3.05 million shares or 0.54% of all its holdings. It has underperformed by 18.31% the S&P500.

Since April 3, 2017, it had 0 buys, and 2 insider sales for $239,250 activity.

"ABBV's Chairman of the Board and CEO GONZALEZ RICHARD A Sell 193131 shares of the company at a price of $71 on 2017-08-07". On Wednesday, June 14 the insider Schumacher Laura J sold $5.59M. $2.50 million worth of AbbVie Inc (NYSE:ABBV) shares were sold by CHASE WILLIAM J.

Investors sentiment increased to 1.07 in Q4 2016. Its up 0.01, from 0.99 in 2016Q3.


A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 99 funds opened positions while 531 raised stakes. Vanguard Group Inc. now owns 115,920,673 shares of the company's stock worth $8,405,409,000 after purchasing an additional 3,706,941 shares in the last quarter.

Institutional owners hold 70.90% stake while Insiders ownership held at 0.10% in the company. It also upped Vanguard Index Fds (VUG) stake by 5,226 shares and now owns 75,578 shares. 22,599 were accumulated by Archford Capital Strategies Limited Liability Corp. Qci Asset Mngmt New York reported 184,334 shares.

07/17/2017 - AbbVie Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. Mai Mgmt reported 38,961 shares. Tiaa Cref Invest Management Llc reported 0% stake. Shine Inv Advisory Ser holds 0.45% or 17,096 shares in its portfolio. Brandywine Glob Inv Ltd Liability Corp stated it has 2.55 million shares or 1.02% of all its holdings. Retirement Of Alabama accumulated 0.45% or 1.24M shares. Forte Cap Limited Liability Corp Adv holds 15,626 shares or 0.37% of its portfolio. Finally, Vetr cut AbbVie from a "buy" rating to a "hold" rating and set a $72.72 price target for the company.in a report on Wednesday, June 14th.

Halsey Associates Inc decreased Quanta Services (NYSE:PWR) stake by 14,980 shares to 384,110 valued at $13.39M in 2016Q4. Pepsico Inc (NYSE:PEP) was raised too.

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