In other AbbVie news, Chairman Richard A. Gonzalez sold 218,193 shares of the business's stock in a transaction dated Tuesday, November 21st. Wendell David Assocs holds 1.64% or 119,910 shares. Qualcomm Inc now has $95.54B valuation. The stock decreased 0.38% or $0.36 during the last trading session, reaching $95.05. About 5.11 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since December 6, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.
AbbVie (NYSE:ABBV) last issued its earnings results on Friday, October 27th. The average revenue per share growth rate of AbbVie Inc. during the past 12 months was 9.9 percent. At high price movement business is attractive for near term view and is not recommended for traders with a long-term outlook especially since AbbVie Inc. stocks at 1.53 Beta shows lower correlation with the wider index. About 27,191 shares traded. It has underperformed by 6.07% the S&P500. Therefore 52% are positive. Icon plc had 30 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with "Buy" on Thursday, May 25. (NYSE:ABBV) has "Market Perform" rating given on Monday, June 6 by Cowen & Co. Finally, BMO Capital Markets set a $84.00 target price on AbbVie and gave the stock a "hold" rating in a report on Monday. Cowen & Co maintained AbbVie Inc. The company was downgraded on Monday, March 7 by Goldman Sachs. Jefferies has "Buy" rating and $94.0 target. (NYSE:ABBV). 81,633 are owned by Iberiabank. The rating was initiated by Atlantic Securities on Friday, December 18 with "Neutral".
Investors sentiment increased to 1 in 2017 Q2. Its up 0.01, from 0.99 in 2017Q1.
CAPITAL RESEARCH GLOBAL INVESTORS raised its stake in AbbVie Inc. It was reported on Dec, 7 by Finviz.com.
Now we will discuss the financial strength of AbbVie Inc. Schroder Investment Management Group owned about 0.22% of AbbVie worth $250,453,000 at the end of the most recent reporting period. Texas Permanent School Fund has invested 0.43% in AbbVie Inc. (NYSE:ABBV) for 36,484 shares. Trustco Commercial Bank Corporation N Y has 2.29% invested in AbbVie Inc. Cibc Ww Markets owns 375,014 shares for 0.12% of their portfolio. BLACKROCK INC. owned 3.72% of D.R. Horton, Inc. (NYSE:ABBV). 17,957 are held by Indiana Tru & Inv Mgmt Company. Jpmorgan Chase Com reported 0.06% of its portfolio in AbbVie Inc. Mercer Capital Advisers Inc. owns 27,873 shares or 0.83% of their United States portfolio. Matrix Asset Advsrs New York has 261,781 shares.
AbbVie Inc. (ABBV) is expected to post revenue of $7.5 Billion in the current quarter, according to consensus of 14 analysts. Abner Herrman & Brock LLC lifted its position in shares of AbbVie by 0.3% during the second quarter. 3,980 are owned by Summit Financial Strategies Inc. Ameris Bancorp (NASDAQ:ABCB) was raised too. Of those transactions, there were 484,937 shares of ABBV bought and 1.34 million shares sold. ALBAN CARLOS also sold $3.21M worth of AbbVie Inc.
A number of other analysts have also recently weighed in on ABBV.
The collective rating of 2.3 for AbbVie Inc. In the past 3-month period alone, shares of ABBV have appreciated +20.16 - or +26.79%. They expect $1.43 earnings per share, up 19.17% or $0.23 from last year's $1.2 per share. Bank of Nova Scotia lifted its holdings in shares of AbbVie by 297.9% in the 1st quarter.
Legacy Private Trust increased Powershares Etf Trust (SPHQ) stake by 96,942 shares to 863,701 valued at $24.15M in 2017Q2. Seabridge Inv stated it has 2,600 shares. Creative Planning reported 181,186 shares or 0.05% of all its holdings. Institutional investors and hedge funds own 69.32% of the company's stock. Of those holders, 712 had increased positions amounting to 79.82 million shares, 903 had decreased positions amounting to 67.46 million shares, and 257 holders have a held position accounting for 978.38 million shares. Davenport And Limited Liability Co holds 0% or 110,853 shares. WealthTrust Axiom LLC lifted its position in shares of AbbVie by 0.3% during the second quarter. Parus (Uk), a United Kingdom-based fund reported 141,632 shares. Mayo Investment Advisers Ltd Liability Corp has 9,508 shares. Ahl Prns Llp owns 77,053 shares. Cordasco Networks reported 0.16% stake.
The consensus recommendation - averaging the work of 24 analysts - of 2.5 for QUALCOMM Incorporated (QCOM) points to moderate case. Therefore 42% are positive. Deutsche Bank maintained the shares of ABBV in report on Monday, July 17 with "Hold" rating. As per Friday, October 13, the company rating was maintained by UBS. The stock has "Buy" rating by Piper Jaffray on Friday, September 15. Northland Capital maintained the stock with "Hold" rating in Wednesday, September 6 report. Mizuho has "Hold" rating and $118.0 target. The company was maintained on Wednesday, November 2 by RBC Capital Markets. The stock has "Market Perform" rating by Avondale on Wednesday, October 21. They are also projecting the Low EPS estimate of $1.37 and the High EPS estimate of $1.68. QCOM's profit will be $1.14B for 21.04 P/E if the $0.77 EPS becomes a reality. This is a positive change from AbbVie's previous quarterly dividend of $0.64.
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