As Abbvie (ABBV) Share Price Rose, Sheets Smith Wealth Management Raised Holding by $342,760; Diker Management Raised Sprouts Fmrs Mkt (SFM) Stake by $1.35 Million; Stock Rose

February 24, 2018 - By Adrian Mccoy

Sheets Smith Wealth Management increased its stake in Abbvie Inc (ABBV) by 15.23% based on its latest 2017Q3 regulatory filing with the SEC. Sheets Smith Wealth Management bought 3,895 shares as the company’s stock rose 6.17% with the market. The institutional investor held 29,471 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $2.62 million, up from 25,576 at the end of the previous reported quarter. Sheets Smith Wealth Management who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $188.57 billion market cap company. The stock increased 1.01% or $1.19 during the last trading session, reaching $118.75. About 4.69 million shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 24, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.




Mark N. Diker increased its stake in Sprouts Fmrs Mkt Inc (SFM) by 60% based on its latest 2017Q3 regulatory filing with the SEC. Diker Management Llc bought 75,000 shares as the company’s stock rose 25.89% with the market. The hedge fund run by Mark N. Diker held 200,000 shares of the consumer services company at the end of 2017Q3, valued at $3.75M, up from 125,000 at the end of the previous reported quarter. Diker Management Llc who had been investing in Sprouts Fmrs Mkt Inc for a number of months, seems to be bullish on the $3.34 billion market cap company. The stock decreased 1.65% or $0.42 during the last trading session, reaching $25.09. About 2.79M shares traded or 39.56% up from the average. Sprouts Farmers Market, Inc. (NASDAQ:SFM) has declined 1.88% since February 24, 2017 and is downtrending. It has underperformed by 18.58% the S&P500.

Diker Management Llc, which manages about $674.54M and $248.42 million US Long portfolio, decreased its stake in Primo Wtr Corp (NASDAQ:PRMW) by 128,288 shares to 121,712 shares, valued at $1.44M in 2017Q3, according to the filing. It also reduced its holding in 2U Inc (NASDAQ:TWOU) by 12,000 shares in the quarter, leaving it with 60,872 shares, and cut its stake in Broadsoft Inc (NASDAQ:BSFT).

Since January 2, 2018, it had 0 buys, and 6 sales for $40.83 million activity. Maredia Amin N. had sold 12,301 shares worth $299,283. Lombardi Brandon F. had sold 8,557 shares worth $220,257 on Friday, January 12.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.18, from 1.26 in 2017Q2. It dived, as 34 investors sold SFM shares while 82 reduced holdings. 43 funds opened positions while 82 raised stakes. 117.51 million shares or 3.11% more from 113.96 million shares in 2017Q2 were reported. Goldman Sachs reported 2.93 million shares or 0.01% of all its holdings. Brinker Capital owns 21,490 shares. The Texas-based King Luther Capital Corp has invested 0.01% in Sprouts Farmers Market, Inc. (NASDAQ:SFM). Nebraska-based Cwm Ltd Liability Corp has invested 0.12% in Sprouts Farmers Market, Inc. (NASDAQ:SFM). Integral Derivatives Ltd Limited Liability Company reported 32,300 shares or 0.01% of all its holdings. Bamco Ny invested in 0% or 30,000 shares. Sei Invs has 0% invested in Sprouts Farmers Market, Inc. (NASDAQ:SFM) for 40,523 shares. Lazard Asset Management Ltd Liability Corp invested 0.02% of its portfolio in Sprouts Farmers Market, Inc. (NASDAQ:SFM). 15,941 were accumulated by Advantus Cap Inc. Impax Asset Management Limited owns 973,300 shares for 0.56% of their portfolio. Harvest Mgmt Ltd Liability Co holds 0.12% or 10,000 shares. Cullinan Associates owns 10,000 shares. One Trading Lp holds 0.03% or 187,534 shares. Moreover, Riverhead Capital Mngmt Limited Liability Com has 0.04% invested in Sprouts Farmers Market, Inc. (NASDAQ:SFM) for 47,375 shares. Pnc Services Inc reported 4,161 shares.

Among 24 analysts covering Sprouts Farmers Market (NASDAQ:SFM), 14 have Buy rating, 2 Sell and 8 Hold. Therefore 58% are positive. Sprouts Farmers Market had 81 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Thursday, June 29. RBC Capital Markets maintained the stock with “Buy” rating in Friday, February 2 report. The stock of Sprouts Farmers Market, Inc. (NASDAQ:SFM) earned “Negative” rating by OTR Global on Wednesday, July 20. The firm has “Buy” rating given on Monday, November 20 by Northcoast. The firm has “Hold” rating given on Friday, August 7 by BB&T Capital. The rating was maintained by Jefferies with “Buy” on Friday, June 23. The firm earned “Sell” rating on Tuesday, May 10 by Goldman Sachs. Oppenheimer maintained Sprouts Farmers Market, Inc. (NASDAQ:SFM) rating on Tuesday, February 6. Oppenheimer has “Buy” rating and $31.0 target. The rating was upgraded by Wolfe Research on Tuesday, April 12 to “Outperform”. The company was maintained on Thursday, July 14 by Deutsche Bank.

Since September 11, 2017, it had 0 buys, and 6 insider sales for $25.71 million activity. $14.07M worth of AbbVie Inc. (NYSE:ABBV) was sold by Schumacher Laura J on Thursday, December 14. On Monday, February 19 the insider Michael Robert A. sold $119,351. Another trade for 18,300 shares valued at $1.66M was sold by Gosebruch Henry O. The insider RICHMOND TIMOTHY J. sold 87,040 shares worth $8.57 million.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.15, from 1 in 2017Q2. It is negative, as 55 investors sold ABBV shares while 640 reduced holdings. 132 funds opened positions while 462 raised stakes. 1.06 billion shares or 1.89% more from 1.04 billion shares in 2017Q2 were reported. Creative Planning accumulated 239,574 shares. Blue Edge Cap Lc has invested 0.11% in AbbVie Inc. (NYSE:ABBV). Reynders Mcveigh Capital Mgmt Llc reported 39,359 shares. Ngam Advisors Limited Partnership owns 264,298 shares. Bingham Osborn Scarborough owns 21,068 shares. Barr E S accumulated 0.06% or 6,109 shares. Renaissance Tech Lc invested 0.15% in AbbVie Inc. (NYSE:ABBV). Yacktman Asset Mgmt Limited Partnership holds 2,800 shares. Oarsman invested in 44,718 shares or 1.68% of the stock. Edgemoor Inv Advsr Inc owns 2,732 shares. Northstar Asset Mgmt Lc has invested 0.1% in AbbVie Inc. (NYSE:ABBV). Bessemer Grp Inc accumulated 0.01% or 37,281 shares. Farmers And Merchants Invs Inc invested in 0.92% or 131,280 shares. Moreover, Argent Trust has 1.36% invested in AbbVie Inc. (NYSE:ABBV). Amp Capital Invsts Limited, a Australia-based fund reported 732,892 shares.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Abbvie Inc had 78 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained AbbVie Inc. (NYSE:ABBV) on Friday, September 15 with “Buy” rating. The firm earned “Neutral” rating on Monday, October 31 by Credit Suisse. The firm has “Buy” rating given on Thursday, May 25 by Jefferies. As per Friday, April 28, the company rating was maintained by BMO Capital Markets. Cowen & Co maintained AbbVie Inc. (NYSE:ABBV) on Tuesday, September 5 with “Hold” rating. The stock has “Hold” rating by Credit Suisse on Wednesday, June 7. As per Tuesday, January 16, the company rating was maintained by Jefferies. The stock of AbbVie Inc. (NYSE:ABBV) earned “Outperform” rating by William Blair on Friday, February 5. Morgan Stanley maintained it with “Equal-Weight” rating and $131 target in Tuesday, January 30 report. The rating was maintained by Credit Suisse with “Hold” on Thursday, July 20.

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