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

15 November, 2017, 12:29 | Author: Wade Massey

The institutional investor held 88,961 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $6.45 million, down from 94,667 at the end of the previous reported quarter. State Street Corp now owns 72,969,530 shares of the company's stock valued at $4,754,696,000 after purchasing an additional 1,696,042 shares during the period. 71,235 AbbVie Inc (NYSE:ABBV) shares with value of $4.67 million were sold by GONZALEZ RICHARD A. $3.21M worth of stock was sold by ALBAN CARLOS on Wednesday, June 14. It has underperformed by 6.07% the S&P500. Sit Investment Associates Inc sold 46,670 shares as the company's stock rose 6.17% with the market. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.02. The company has market cap of $108.73 million. The stock increased 0.83% or $0.33 during the last trading session, reaching $40.31. About 433,090 shares traded. It has underperformed by 4.57% the S&P500. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Therefore 89% are positive. The company now has an average rating of "Buy" and a consensus price target of $93.68. Oracle had 97 analyst reports since July 30, 2015 according to SRatingsIntel. Canada Pension Plan Investment Board now owns 3,151,990 shares of the company's stock valued at $205,384,000 after purchasing an additional 193,410 shares during the period. UBS has "Buy" rating and $78 target. BMO Capital Markets maintained AbbVie Inc (NYSE:ABBV) on Wednesday, April 19 with "Hold" rating. The rating was downgraded by BMO Capital Markets to "Market Perform" on Friday, June 10. RBC Capital Markets maintained it with "Buy" rating and $45.0 target in Monday, November 6 report. The firm has "Neutral" rating by Atlantic Securities given on Tuesday, July 19. HOOVER R DAVID had sold 22,000 shares worth $874,503 on Thursday, May 18. About 621,822 shares traded. (NASDAQ:INFI) to report earnings on March, 13. The co's performance for 6 months was surged of 42.29%, 1-year performance stands at 50.74% and year to date showing isolated positively performance of 51.90%. Affinity Advisors Llc reported 9,068 shares. 62 funds opened positions while 297 raised stakes. Quantbot Techs Lp accumulated 3,062 shares. $5.59M worth of AbbVie Inc (NYSE:ABBV) shares were sold by Schumacher Laura J. Zuckerman Invest Group Ltd Liability Company reported 76,333 shares or 1.48% of all its holdings. Credit Suisse Ag accumulated 16,445 shares. Palladium Llc invested in 0.8% or 140,006 shares. Platinum Investment Mgmt Limited reported 57,700 shares. Td Asset Management Inc reduced its investment by shedding 4,842 shares a decrease of 0.7% in the quarter. Highland Capital Ltd Co owns 15,210 shares. Walter And Keenan Fincl Consulting Com Mi Adv owns 34,366 shares for 1.25% of their portfolio.

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: "Can AbbVie (ABBV) Spring a Surprise this Earnings Season?" published on October 24, 2017, Nasdaq.com published: "Physicians Financial Services, Inc".

The top gainer with a security that increased in price during today's trading was AbbVie Inc.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.01, from 0.99 in 2017Q1. The shares were sold at an average price of $88.00, for a total value of $589,512.00. BlackRock Institutional Trust Company N.A. raised its position in AbbVie by 0.9% in the second quarter. Mcf Advisors Limited Liability Company holds 200 shares. Vanguard Grp reported 115.92M shares. Natixis Asset Mngmt, a France-based fund reported 18,375 shares. Oracle Corporation (NYSE:ORCL) has risen 14.08% since November 14, 2016 and is uptrending. Private Ocean Limited Company holds 1,400 shares or 0.07% of its portfolio. Legacy Capital holds 2.31% or 58,919 shares. The return on assets ratio shows how well management is employing the company's total assets to make a profit. Psagot Inv House Limited holds 15,600 shares or 0.05% of its portfolio. Ghp Investment Advisors holds 5,515 shares or 0.06% of its portfolio. 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. Conning reported 53,134 shares. Synovus Corp stated it has 0.24% of its portfolio in AbbVie Inc (NYSE:ABBV). Days to cover decreased from 3.0 to 2.0 and the percentage of shorted shares was 0.01% on October 31.

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AbbVie Inc. has a 1 year low of $58.60 and a 1 year high of $98.26. Bell Bancorporation has 0.36% invested in AbbVie Inc (NYSE:ABBV) for 14,023 shares.

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive.

Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on January, 26. Cantor Fitzgerald maintained Dermira Inc (NASDAQ:DERM) rating on Tuesday, July 25. The firm earned "Outperform" rating on Monday, October 2 by Leerink Swann. Equity analyst Barclays PLC raised the price target on October 13 boosting the projection from $0.00 to $90.00 and issued a "Equal Weight" rating. The stock of Oracle Corporation (NYSE:ORCL) earned "Buy" rating by Nomura on Thursday, September 17. As per Sunday, October 29, the company rating was maintained by SunTrust.

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