AbbVie Inc. (NYSE:ABBV) Holdings Cut by First Manhattan Co

Abbvie advances as it raises full year outlook

AbbVie Inc (NYSE:ABBV) has risen 10.63% since October 28, 2016 and is uptrending. On Wednesday, April 19 the stock rating was maintained by BMO Capital Markets with "Hold". Leerink Swann raised shares of AbbVie from a "market perform" rating to an "outperform" rating and raised their price target for the company from $89.00 to $106.00 in a research report on Monday, October 2nd. Numis Securities maintained the stock with "Buy" rating in Wednesday, September 27 report. Jefferies maintained the shares of ABBV in report on Friday, September 15 with "Buy" rating. Canaccord Genuity maintained it with "Hold" rating and $7.0 target in Sunday, October 1 report. Piper Jaffray maintained it with "Buy" rating and $102.0 target in Thursday, September 28 report. The stock increased 3.81% or $1.81 on October 27, reaching $49.31. They set an "outperform" rating and a $95.00 price target for the company.

Pain Therapeutics, Inc. (NASDAQ:PTIE) overall volume in the last trading session was 662,784 shares. 9,066,289 shares of the company traded hands. The firm has a market capitalization of $93.80 billion, a price-to-earnings ratio of 15.57 and a beta of 1.50. Private Harbour Inv Mgmt Counsel Limited Liability Com has invested 1.88% in AbbVie Inc (NYSE:ABBV). AbbVie Inc (NYSE:ABBV) has risen 10.63% since October 28, 2016 and is uptrending. The company reported $1.41 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.39 by $0.02. However it has a net margin of 24.80%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $7 billion. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The business's quarterly revenue was up 8.8% on a year-over-year basis. Ellington Mgmt Group Ltd Liability holds 0.06% of its portfolio in AbbVie Inc (NYSE:ABBV) for 5,800 shares.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. The stock's Dividend Yield stands at 2.79%. AbbVie's dividend payout ratio (DPR) is presently 62.90%. Schumacher Laura J also sold $5.59 million worth of AbbVie Inc (NYSE:ABBV) on Wednesday, June 14. The shares were sold at an average price of $71.02, for a total transaction of $6,242,586.98. Institutional investors own 68.43% of the company's stock.

Kahn Brothers Group Inc increased Nam Tai Ppty (NTP) stake by 3.33% reported in 2017Q2 SEC filing. Stone Run Capital Limited Company owns 4,300 shares for 0.17% of their portfolio. The disclosure for this sale can be found here. Ameriprise invested in 31,374 shares or 0% of the stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC increased its position in shares of AbbVie by 87.2% during the first quarter.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. This is an increase from AbbVie's previous quarterly dividend of $0.57. Looking at the stock's movement on the chart, AbbVie Inc. recorded a 52-week high of $98.26. Finally, Exane Asset Management bought a new stake in shares of AbbVie during the second quarter valued at approximately $181,000. Tradewinds Capital Management LLC now owns 2,269 shares of the company's stock valued at $148,000 after acquiring an additional 1,057 shares in the last quarter. The company moved in the past week with shift of -4.45%. Finally, Bristlecone Advisors LLC acquired a new stake in shares of AbbVie during the 3rd quarter worth approximately $113,000. The Skba Capital Management Llc holds 143,325 shares with $10.39M value, down from 307,845 last quarter. Abbvie Inc now has $146.55 billion valuation. The Company is engaged in the discovery, development, manufacture and sale of a range of pharmaceutical products.

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