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As Abbvie (ABBV) Share Value Rose, Rodgers Brothers Decreased by $806,784 Its Stake; Western Gas Partners LP Com Un (WES) Holder Miller Howard Investments Has Increased Its Stake by $10.11 Million as Stock Value Declined

Rodgers Brothers Inc decreased its stake in Abbvie Inc (ABBV) by 8.29% based on its latest 2017Q3 regulatory filing with the SEC. Rodgers Brothers Inc sold 9,168 shares as the company’s stock rose 6.17% with the market. The institutional investor held 101,437 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $9.01M, down from 110,605 at the end of the previous reported quarter. Rodgers Brothers Inc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $190.87 billion market cap company. The stock increased 1.88% or $2.22 during the last trading session, reaching $120.2. About 1.96M shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 21, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Miller Howard Investments Inc increased its stake in Western Gas Partners Lp Com Un (WES) by 16.77% based on its latest 2017Q3 regulatory filing with the SEC. Miller Howard Investments Inc bought 198,139 shares as the company’s stock declined 13.68% while stock markets rallied. The institutional investor held 1.38 million shares of the public utilities company at the end of 2017Q3, valued at $70.74M, up from 1.18 million at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in Western Gas Partners Lp Com Un for a number of months, seems to be bullish on the $7.56B market cap company. The stock decreased 0.73% or $0.36 during the last trading session, reaching $48.74. About 122,136 shares traded. Western Gas Partners, LP (NYSE:WES) has risen 10.32% since February 21, 2017 and is uptrending. It has underperformed by 6.38% the S&P500.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.15, from 1 in 2017Q2. It dived, 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. 19,972 are owned by Caprock Group Inc. Moreover, Monarch Cap Management has 2.31% invested in AbbVie Inc. (NYSE:ABBV). 12,296 were accumulated by Riverpoint Management Ltd Liability Corp. Matrix Asset Advsrs New York invested in 3.82% or 260,917 shares. Moreover, Nomura Asset Management Limited has 0.4% invested in AbbVie Inc. (NYSE:ABBV). Cambridge Investment Research Advsr Incorporated has invested 0.22% of its portfolio in AbbVie Inc. (NYSE:ABBV). Suntrust Banks holds 0.54% or 1.13M shares in its portfolio. Cap One Association holds 0.92% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 148,339 shares. 98,056 are held by Mirae Asset Glob. Neville Rodie & Shaw invested in 126,223 shares. Fishman Jay A Limited Mi owns 9,056 shares. Wharton Business Group Lc owns 42,475 shares for 0.4% of their portfolio. Old Republic has invested 0.87% in AbbVie Inc. (NYSE:ABBV). 129,643 were accumulated by Commonwealth Of Pennsylvania School Empls Retrmt Sys. First Midwest State Bank Tru Division holds 149,560 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. The rating was initiated by Deutsche Bank on Tuesday, March 15 with “Hold”. The firm has “Market Perform” rating given on Thursday, November 16 by BMO Capital Markets. The firm has “Buy” rating by SunTrust given on Monday, October 16. The firm earned “Market Perform” rating on Friday, June 10 by BMO Capital Markets. Jefferies maintained AbbVie Inc. (NYSE:ABBV) rating on Friday, September 15. Jefferies has “Buy” rating and $10 target. Barclays Capital downgraded it to “Equal-Weight” rating and $72 target in Tuesday, December 1 report. The stock of AbbVie Inc. (NYSE:ABBV) earned “Outperform” rating by Cowen & Co on Wednesday, October 11. The rating was maintained by BMO Capital Markets on Wednesday, April 19 with “Hold”. The stock of AbbVie Inc. (NYSE:ABBV) earned “Buy” rating by SunTrust on Sunday, October 29. The stock of AbbVie Inc. (NYSE:ABBV) earned “Neutral” rating by Atlantic Securities on Friday, December 18.

Analysts await AbbVie Inc. (NYSE:ABBV) to report earnings on April, 26. They expect $1.78 earnings per share, up 39.06% or $0.50 from last year’s $1.28 per share. ABBV’s profit will be $2.83 billion for 16.88 P/E if the $1.78 EPS becomes a reality. After $1.48 actual earnings per share reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 20.27% EPS growth.

Rodgers Brothers Inc, which manages about $300.54M and $284.22M US Long portfolio, upped its stake in Coach Inc (NYSE:COH) by 13,675 shares to 51,250 shares, valued at $2.06 million in 2017Q3, according to the filing. It also increased its holding in Target Corp (NYSE:TGT) by 22,629 shares in the quarter, for a total of 42,809 shares, and has risen its stake in Williams Sonoma Inc (NYSE:WSM).

Since September 11, 2017, it had 0 buys, and 5 insider sales for $25.59 million activity. Shares for $1.66 million were sold by Gosebruch Henry O on Monday, October 30. RICHMOND TIMOTHY J. sold $8.57M worth of stock or 87,040 shares. 6,699 shares were sold by Michael Robert A., worth $589,512. The insider Schumacher Laura J sold 145,510 shares worth $14.07M.

Among 17 analysts covering Western Gas Partners (NYSE:WES), 10 have Buy rating, 1 Sell and 6 Hold. Therefore 59% are positive. Western Gas Partners had 44 analyst reports since August 3, 2015 according to SRatingsIntel. Citigroup downgraded the shares of WES in report on Thursday, November 5 to “Neutral” rating. The firm has “Overweight” rating given on Wednesday, March 30 by JP Morgan. The rating was maintained by MLV with “Buy” on Friday, July 31. The rating was maintained by Citigroup with “Neutral” on Thursday, April 7. On Wednesday, January 17 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The firm has “Hold” rating given on Thursday, October 5 by Stifel Nicolaus. As per Monday, September 28, the company rating was maintained by FBR Capital. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, January 28. Macquarie Research initiated the shares of WES in report on Friday, April 21 with “Outperform” rating. The firm has “An Overweight” rating given on Thursday, January 14 by CapitalOne.

Miller Howard Investments Inc, which manages about $6.68B and $4.85 billion US Long portfolio, decreased its stake in Westlake Chem Corp Com (NYSE:WLK) by 5,503 shares to 56,544 shares, valued at $4.70 million in 2017Q3, according to the filing. It also reduced its holding in Schlumberger Ltd Com (NYSE:SLB) by 5,148 shares in the quarter, leaving it with 56,172 shares, and cut its stake in Mrc Global Inc Com (NYSE:MRC).

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