(NYSE:ABBV) Position Cut by Hodges Capital Management Inc

Peak6 Investments Lp, which manages about $14.02B US Long portfolio, decreased its stake in Energy Transfer Equity LP (Call) (NYSE:ETE) by 215,700 shares to 90,100 shares, valued at $1.74M in 2016Q4, according to the filing. The fund owned 59,112 shares of the company's stock after selling 1,060 shares during the period. Marble Harbor Investment Counsel LLC's holdings in AbbVie were worth $13,192,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp boosted its position in AbbVie by 2.6% in the first quarter. Bank of Nova Scotia now owns 606,321 shares of the company's stock worth $39,507,000 after buying an additional 453,955 shares during the last quarter. Orbis Allan Gray Ltd increased its stake in AbbVie by 11.8% in the fourth quarter. First Command Financial Services Inc. now owns 1,565 shares of the company's stock valued at $102,000 after buying an additional 99 shares during the last quarter. First Manhattan owns 0.08% invested in AbbVie Inc (NYSE:ABBV) for 199,626 shares. Norges Bank bought a new stake in AbbVie during the fourth quarter valued at $823,984,000. Dynamic Advisors Solutions LLC increased its position in AbbVie by 680.0% in the first quarter. Following the completion of the sale, the chief executive officer now directly owns 342,353 shares of the company's stock, valued at approximately $24,307,063. State Street Corp raised its position in AbbVie by 2.4% in the first quarter. Guggenheim Capital LLC now owns 2,003,451 shares of the company's stock worth $125,458,000 after buying an additional 85,840 shares during the period.

Piper Jaffray Companies reiterated their buy rating on shares of AbbVie Inc.

Stocks of AbbVie (NYSE:ABBV) started trading at 70.82 on Early Thur. 1,716,321 shares of the company were exchanged. The company has market cap of $1.13 billion. The company has a 50-day moving average price of $72.15 and a 200-day moving average price of $66.67.

AbbVie Inc. (NYSE:ABBV), stock is trading $75.04 above the 52-week high and has displayed a high EPS growth of 10.90% in last 5 years. The company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. According to these analysts, the Low Revenue Estimate for AbbVie Inc.is 6.83 Billion and the High Revenue Estimate is 7.08 Billion. During the same period in the previous year, the company posted $1.26 earnings per share. On average, equities research analysts anticipate that AbbVie Inc. will post $5.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 14th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.61%. AbbVie's dividend payout ratio (DPR) is presently 62.90%.

TRADEMARK VIOLATION WARNING: "Warren Averett Asset Management LLC Increases Stake in AbbVie Inc". More interesting news about AbbVie Inc (NYSE:ABBV) were released by: Fool.com and their article: "Johnson & Johnson: The power of diversification" published on July 22, 2017 as well as Nasdaq.com's news article titled: "AbbVie Inc's". If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of USA and worldwide trademark and copyright legislation. The correct version of this report can be read at https://www.thestockobserver.com/2017/08/15/ashfield-capital-partners-llc-increases-position-in-abbvie-inc-abbv-updated.html.

Several analysts have commented on ABBV shares. BMO Capital Markets set a $63.00 price objective on shares of AbbVie and gave the company a "hold" rating in a research note on Thursday, April 27th. Finally, Leerink Swann restated a "market perform" rating on shares of AbbVie in a research note on Thursday, June 22nd. Vetr lowered AbbVie from a "strong-buy" rating to a "buy" rating and set a $74.98 target price on the stock.in a research report on Thursday, May 4th. Deutsche Bank AG raised their price objective on shares of AbbVie from $64.00 to $65.00 and gave the stock a "hold" rating in a report on Friday, April 28th. Nine analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The stock presently has an average rating of "Buy" and an average price target of $74.66. Also, insider Laura J. Schumacher sold 79,800 shares of the business's stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $70.00, for a total transaction of $5,586,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The stock was sold at an average price of $71.02, for a total transaction of $6,242,586.98. The disclosure for this sale can be found here. Insiders sold 600,026 shares of company stock valued at $41,852,724 in the last three months. With 157,500 avg volume, 10 days are for Gentherm Incorporated (NASDAQ:THRM)'s short sellers to cover THRM's short positions. Advisor Prtn Ltd Liability Corporation has invested 0.6% in AbbVie Inc (NYSE:ABBV). The corporation is engaged in the discovery, development, manufacture and sale of a range of pharmaceutical products.

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