AbbVie Inc (ABBV) Raises Dividend to $0.96 Per Share

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Princeton Portfolio Strategies Group Llc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $187.35B market cap company. The firm attains analyst recommendation of 2.40 on scale of 1-5 with week's performance of -0.48%. About 14.63M shares traded or 54.18% up from the average.

Kiwi Wealth Investments Limited Partnership increased its holdings in shares of AbbVie Inc (NYSE:ABBV) by 10.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. It has underperformed by 33.21% the S&P500. (EGHT) by 273.42% based on its latest 2017Q3 regulatory filing with the SEC. Eaton Vance Management acquired 385,198 shares as Abbvie Inc (ABBV)'s stock rose 6.17%. The institutional investor held 97,266 shares of the major banks company at the end of 2017Q3, valued at $1.67 million, down from 129,575 at the end of the previous reported quarter. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.10% with $1.59 Billion sitting short, betting on future declines. (CEM) has risen 5.19% since February 15, 2017 and is uptrending. It has underperformed by 4.69% the S&P500.

Among 13 analysts covering 8×8 (NASDAQ:EGHT), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. The firm has "Outperform" rating given on Thursday, November 10 by Keefe Bruyette & Woods. The firm earned "Neutral" rating on Thursday, September 8 by JP Morgan. BMO Capital Markets downgraded the stock to "Market Perform" rating in Friday, June 10 report. The company operates in the Healthcare sector with a market capitalization of 183.5 Million. The stock of The Southern Company (NYSE:SO) has "Hold" rating given on Tuesday, January 16 by SunTrust. Finally, Evercore ISI reiterated a "buy" rating and set a $144.00 price target on shares of AbbVie in a report on Monday, January 29th.

Next Financial Group Inc, which manages about $1.77 billion and $359.28 million US Long portfolio, upped its stake in Spdr Gold Trust (GLD) by 4,825 shares to 20,670 shares, valued at $2.56 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (SHY) by 7,800 shares in the quarter, for a total of 53,900 shares, and has risen its stake in Amgen Inc (NASDAQ:AMGN). BP p.l.c. (NYSE:BP) has risen 15.51% since February 16, 2017 and is uptrending. Therefore 32% are positive. (NYSE:ABBV) on Wednesday, October 11 to "Outperform" rating. Jefferies maintained the shares of ABBV in report on Friday, January 26 with "Buy" rating.

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In other AbbVie news, insider Laura J. Schumacher sold 145,510 shares of the business's stock in a transaction that occurred on Friday, December 15th. The stock of Target Corporation (NYSE:TGT) earned "Buy" rating by Citigroup on Thursday, May 19. The rating was upgraded by Morgan Stanley to "Overweight" on Monday, November 2. The company was maintained on Friday, February 2 by Argus Research. The firm earned "Buy" rating on Tuesday, December 5 by Leerink Swann. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. The rating was maintained by Jefferies with "Buy" on Tuesday, January 16. Perhaps, that suggests something about why 0.08% of the outstanding share supply is held by institutional investors. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. It dived, as 55 investors sold AbbVie Inc. shares while 640 reduced holdings. Hudock Capital Group LLC raised its position in AbbVie by 109.5% in the second quarter. Wunderlich Managemnt holds 23,679 shares or 1.57% of its portfolio. Moreover, Eaton Vance Management has 0.71% invested in AbbVie Inc. Vigilant Cap Llc accumulated 1,000 shares or 0% of the stock. In the last quarter, insiders sold 450,743 shares of company stock worth $43,153,684. Moreover, Pinnacle Associates Limited has 0.27% invested in AbbVie Inc. Andra Ap, a Alabama-based fund reported 35,100 shares. Abbvie Inc now has $189.99B valuation. We have $129.34 PT which if reached, will make NYSE:ABBV worth $17.05 billion more. Sterling Capital Mngmt Limited Co invested in 1.18% or 1.41M shares.

AbbVie Inc. (NYSE:ABBV) gross margin percentage stands at 76.5% while its operating margin for the past trailing twelve month is 36 percent and its overall profit margin (ttm) is 24.1 Percent. (NYSE:ABBV). Daiwa Sb has invested 0.02% in AbbVie Inc. (NYSE:ABBV). Aureus Asset Mgmt Llc holds 0.05% or 3,494 shares. Findit, Inc. (OTCMKTS:FDIT) has 0.00% since February 16, 2017 and is. (NYSE:ABBV). Mason Street Advsr Lc holds 221,290 shares. Acropolis Investment Management LLC bought a new stake in shares of AbbVie during the 2nd quarter worth $106,000. It also reduced its holding in Goldman Sachs Bdc Inc Shs (NYSE:GS) by 88,793 shares in the quarter, leaving it with 63,724 shares, and cut its stake in Facebook Inc Com Usd0.000006 Cl A (NASDAQ:FB).

Since September 11, 2017, it had 0 buys, and 5 selling transactions for $25.59 million activity. On Thursday, September 28 the insider Michael Robert A. sold $589,512. About 3.57 million shares traded. (NASDAQ:CSCO) shares. On Monday, September 11 BHATT PRAT sold $821,900 worth of Cisco Systems, Inc. Finally, Garde Capital Inc. bought a new position in AbbVie during the second quarter worth $325,000.

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