Legacy Private Trust Cut By $309,600 Its Abbvie (ABBV) Position; New Jersey Resources Has 1.45 Sentiment

December 7, 2017 - By wolcottdaily

Legacy Private Trust decreased Abbvie Inc (ABBV) stake by 14% reported in 2017Q2 SEC filing. Legacy Private Trust sold 4,300 shares as Abbvie Inc (ABBV)’s stock rose 6.17%. The Legacy Private Trust holds 26,422 shares with $1.92 million value, down from 30,722 last quarter. Abbvie Inc now has $148.91 billion valuation. The stock decreased 1.19% or $1.125 during the last trading session, reaching $93.275. About 214,483 shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since December 7, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company has market cap of $3.76 billion. The firm operates through Natural Gas Distribution, Clean Energy Ventures, Energy Services, Midstream, and Home Services and Other divisions. It has a 19.41 P/E ratio. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 521,200 residential and commercial clients in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Neutral” rating by UBS on Friday, October 13. The rating was maintained by Jefferies on Monday, May 29 with “Buy”. Cowen & Co maintained AbbVie Inc. (NYSE:ABBV) on Monday, November 20 with “Buy” rating. The firm earned “Hold” rating on Wednesday, October 11 by BMO Capital Markets. The rating was initiated by Atlantic Securities on Friday, December 18 with “Neutral”. BMO Capital Markets maintained AbbVie Inc. (NYSE:ABBV) rating on Wednesday, June 7. BMO Capital Markets has “Hold” rating and $6600 target. The company was maintained on Monday, June 26 by Jefferies. On Friday, July 28 the stock rating was maintained by Cowen & Co with “Hold”. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, December 1. The rating was maintained by Piper Jaffray on Friday, September 15 with “Buy”.

Since June 14, 2017, it had 0 insider buys, and 2 selling transactions for $8.79 million activity. Schumacher Laura J sold $5.59 million worth of AbbVie Inc. (NYSE:ABBV) on Wednesday, June 14. ALBAN CARLOS also sold $3.21M worth of AbbVie Inc. (NYSE:ABBV) shares.

Analysts await AbbVie Inc. (NYSE:ABBV) to report earnings on January, 26. They expect $1.43 earnings per share, up 19.17% or $0.23 from last year’s $1.2 per share. ABBV’s profit will be $2.28B for 16.31 P/E if the $1.43 EPS becomes a reality. After $1.41 actual earnings per share reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 1.42% EPS growth.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.01, from 0.99 in 2017Q1. It increased, as 55 investors sold ABBV shares while 581 reduced holdings. 138 funds opened positions while 500 raised stakes. 1.04 billion shares or 0.53% more from 1.04 billion shares in 2017Q1 were reported. Walter Keenan Fincl Consulting Mi Adv has invested 1.25% in AbbVie Inc. (NYSE:ABBV). Ahl Prns Limited Liability Partnership reported 77,053 shares stake. Catawba Cap Management Va accumulated 41,036 shares or 0.68% of the stock. Ubs Asset Management Americas Inc holds 0% or 6.40 million shares. Matrix Asset Advsrs New York has 261,781 shares. Stephens Inc Ar, Arkansas-based fund reported 366,818 shares. Cibc Ww Markets owns 375,014 shares for 0.12% of their portfolio. Mayo Investment Advisers Ltd Liability Corp has 9,508 shares. Halbert Hargrove Russell Ltd Limited Liability Company has 0.06% invested in AbbVie Inc. (NYSE:ABBV). Cincinnati Financial Corporation has 1.17% invested in AbbVie Inc. (NYSE:ABBV). Edgemoor Advsrs Inc holds 2,892 shares. Van Cleef Asset Managementinc reported 12,115 shares stake. 24,160 are held by 1St Source Bancorporation. Trustco Commercial Bank Corporation N Y has 2.29% invested in AbbVie Inc. (NYSE:ABBV). Concorde Asset Management accumulated 4,140 shares or 0.41% of the stock.

Legacy Private Trust increased Powershares Etf Trust (SPHQ) stake by 96,942 shares to 863,701 valued at $24.15M in 2017Q2. It also upped Spdr Index Shs Fds (EDIV) stake by 152,275 shares and now owns 171,259 shares. Powershares Etf Tr Ii (SPLV) was raised too.

Clear Harbor Asset Management Llc holds 1.09% of its portfolio in New Jersey Resources Corporation for 141,772 shares. Mercer Capital Advisers Inc. owns 27,873 shares or 0.83% of their US portfolio. Moreover, Energy Income Partners Llc has 0.65% invested in the company for 861,911 shares. The California-based Hennessy Advisors Inc has invested 0.6% in the stock. Bragg Financial Advisors Inc, a North Carolina-based fund reported 76,975 shares.

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