Kornitzer Capital Management Inc. KS Decreases Stake in AbbVie Inc. (NYSE:ABBV)

Following the completion of the sale, the chief financial officer now owns 203,391 shares of the company's stock, valued at $23,833,357.38. The hedge fund held 7.14M shares of the package goods and cosmetics company at the end of 2017Q4, valued at $142.09 million, up from 5.90 million at the end of the previous reported quarter. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. The stock increased 1.12% or $0.33 during the last trading session, reaching $29.74. About 4.97M shares traded. Coty Inc. (NYSE:COTY) has risen 0.16% since April 20, 2017 and is uptrending. It has underperformed by 14.86% the S&P500.

Solaris Asset Management Llc decreased its stake in Hess Corp (HES) by 42.81% based on its latest 2017Q4 regulatory filing with the SEC. Contour Asset Management Llc acquired 583,958 shares as Realpage Inc (RP)'s stock rose 18.81%. Ballentine Prns Ltd Company holds 0.07% or 8,757 shares in its portfolio. Grimes & Company Inc who had been investing in Abbvie Inc. for a number of months, seems to be bullish on the $147.83B market cap company. The stock decreased 0.43% or $0.08 during the last trading session, reaching $18.35. About 235,555 shares traded. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. research analysts predict that AbbVie Inc. will post 7.55 earnings per share for the current year. It has outperformed by 27.65% the S&P500.

Since October 30, 2017, it had 0 insider buys, and 12 sales for $49.35 million activity. The insider CHASE WILLIAM J sold 70,928 shares worth $8.31 million. 2,643 shares were sold by SEVERINO MICHAEL, worth $311,684 on Wednesday, February 28. (NYSE:ABBV) for 44,866 shares. Schumacher Laura J sold $2.95 million worth of stock or 25,000 shares. Janus Henderson Group PLC now owns 3,833,535 shares of the company's stock worth $277,967,000 after acquiring an additional 3,646,510 shares during the period.

In related news, EVP Carlos Alban sold 83,574 shares of the company's stock in a transaction on Thursday, March 1st. (NYSE:ABBV). Archford Cap Strategies Ltd, Illinois-based fund reported 27,673 shares. GONZALEZ RICHARD A sold $976,084 worth of stock or 8,280 shares. Analysts forecast $1.78 earnings per share. Since October 30, 2017 according to StockzIntelligence Inc AbbVie has 25 analyst reports. During the same period in the prior year, the company earned $1.20 earnings per share. SEM's profit will be $37.55 million for 16.14 P/E if the $0.28 EPS becomes a reality. The hedge fund run by Don Morgan held 650,000 shares of the hospital and nursing management company at the end of 2017Q4, valued at $11.47M, down from 800,000 at the end of the previous reported quarter. Finally, Zacks Investment Research raised shares of AbbVie from a "hold" rating to a "buy" rating and set a $108.00 target price for the company in a report on Tuesday, January 2nd. Therefore 61% are positive. The company was initiated on Friday, September 2 by Raymond James. On Friday, August 18 the stock rating was maintained by Jefferies with "Buy". The stock has "Neutral" rating by JP Morgan on Thursday, September 8. As per Wednesday, June 7, the company rating was maintained by BMO Capital Markets. Jefferies maintained Coty Inc.

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Wealthcare Advisory Partners LLC purchased a new stake in shares of McKesson during the 3rd quarter worth about $155,000. Bnp Paribas Asset Mngmt Holdg Sa owns 0.08% invested in McKesson Corporation (NYSE:MCK) for 58,407 shares.

ABBV has been the topic of several recent analyst reports. The firm has "Hold" rating given on Thursday, November 2 by RBC Capital Markets. Jefferies Group set a $145.00 target price on shares of AbbVie and gave the stock a "buy" rating in a research note on Monday, February 26th. Vanguard Group Inc. raised its stake in AbbVie by 3.3% during the second quarter. (NYSE:ABBV) on Monday, October 30.

During Q4 2017 the big money sentiment decreased to 0.8. It has change of 0.05, from 2017Q3's 0.85. It dropped, as 42 investors sold ABBV shares while 695 reduced holdings. 139 funds acquired positions and 448 increased positions. BlackRock Inc. now owns 101,322,201 shares of the company's stock worth $9,798,871,000 after acquiring an additional 2,714,857 shares during the period. (NYSE:ABBV). Fukoku Mutual Life has invested 0.09% of its portfolio in AbbVie Inc. (NYSE:COTY) for 100,000 shares. Carroll Financial Assocs has invested 0.06% in AbbVie Inc. Kornitzer Capital Ks owns 68,100 shares. AbbVie Inc. has a 1 year low of $63.55 and a 1 year high of $125.86. (NYSE:ABBV) rating on Friday, January 26. Nj State Employees Deferred Compensation Plan has invested 0.67% in AbbVie Inc. Moreover, Envestnet Asset Mngmt Inc has 0% invested in RealPage, Inc.

Beech Hill Advisors Inc decreased Abbvie Inc (ABBV) stake by 35.67% reported in 2017Q4 SEC filing. The shares were sold at an average price of $120.31, for a total value of $119,347.52. Gillespie Robinson & Grimm invested in 0.11% or 8,983 shares. Dreman Value L L C has invested 1.22% of its portfolio in AbbVie Inc. Its down 0.22, from 1.17 in 2017Q3. 764.78 million shares or 1.94% less from 779.91 million shares in 2017Q3 were reported. Jabre Prtnrs invested 0.62% of its portfolio in Coty Inc. Federated Pa reported 702,162 shares. 456,727 are held by Advsr Asset Mgmt.

Nelson Roberts Investment Advisors Llc increased Abbvie Inc. Creative Planning has 261,123 shs for 0.11% of their capital. Fort Point Cap Prtn Lc reported 116,444 shares or 5.25% of all its holdings. (NYSE:ABBV). Sageworth has invested 1.87% in AbbVie Inc. (NYSE:COTY). Lpl Fincl Lc invested in 0% or 52,300 shares. Insiders own 0.07% of the company's stock. The ratio improved, as 649 investment professionals started new or increased positions, while 531 reduced and sold their positions in Amgen Inc. RBO & Co. LLC now owns 109,848 shares of the company's stock valued at $7,965,000 after acquiring an additional 967 shares during the period. Security Commercial Bank Of Sioux City Iowa Ia has 15,022 shares for 1.32% of their portfolio. (NYSE:ABBV) on Wednesday, July 22 with "Buy" rating. Therefore 38% are positive. Mastercard Incorporated had 124 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America maintained it with "Hold" rating and $12000 target in Monday, March 26 report. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, April 19. BMO Capital Markets downgraded AbbVie from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $125.86 to $84.00 in a research report on Monday, January 29th. Cowen & Co has "Buy" rating and $13700 target. SunTrust initiated AbbVie Inc.

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    Following the transaction, the director now directly owns 83,324 shares in the company, valued at approximately $1,289,022.28. The company has a market cap of $654.13, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.60 and a beta of 0.58.

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