Hamlin Capital Management Lowered Its Abbvie (ABBV) Holding as Market Valuation Rose; As Comcast (CMCSA) Shares Rose, Centre Asset Management Increased Position

January 14, 2018 - By Ruchi Gupta

Centre Asset Management Llc increased its stake in Comcast Corp (CMCSA) by 20.97% based on its latest 2017Q3 regulatory filing with the SEC. Centre Asset Management Llc bought 44,550 shares as the company’s stock rose 3.16% with the market. The institutional investor held 256,970 shares of the television services company at the end of 2017Q3, valued at $9.89 million, up from 212,420 at the end of the previous reported quarter. Centre Asset Management Llc who had been investing in Comcast Corp for a number of months, seems to be bullish on the $198.36B market cap company. The stock decreased 0.38% or $0.16 during the last trading session, reaching $42.44. About 18.97 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since January 14, 2017 and is uptrending. It has outperformed by 12.26% the S&P500.

Hamlin Capital Management Llc decreased its stake in Abbvie Inc (ABBV) by 35.03% based on its latest 2017Q3 regulatory filing with the SEC. Hamlin Capital Management Llc sold 432,580 shares as the company’s stock rose 6.17% with the market. The institutional investor held 802,215 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $71.29M, down from 1.23M at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $160.19B market cap company. The stock increased 1.08% or $1.07 during the last trading session, reaching $100.34. About 4.37 million shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since January 14, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Hamlin Capital Management Llc, which manages about $2.70B and $2.47B US Long portfolio, upped its stake in Regal Entmt Group (NYSE:RGC) by 60,489 shares to 4.34 million shares, valued at $69.37 million in 2017Q3, according to the filing. It also increased its holding in Exxon Mobil Corp (NYSE:XOM) by 12,153 shares in the quarter, for a total of 675,197 shares, and has risen its stake in American Eagle Outfitters Ne (NYSE:AEO).

Since July 31, 2017, it had 0 insider purchases, and 8 sales for $45.57 million activity. Another trade for 8,300 shares valued at $705,655 was made by SALEKI-GERHARDT AZITA on Monday, September 11. Gosebruch Henry O also sold $1.66 million worth of AbbVie Inc. (NYSE:ABBV) on Monday, October 30. $589,512 worth of AbbVie Inc. (NYSE:ABBV) was sold by Michael Robert A. on Thursday, September 28. RICHMOND TIMOTHY J. also sold $8.57 million worth of AbbVie Inc. (NYSE:ABBV) shares. Schumacher Laura J also sold $14.07 million worth of AbbVie Inc. (NYSE:ABBV) shares.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.15, from 1 in 2017Q2. It fall, 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. Westover Cap Advisors Limited Co holds 1.07% or 20,434 shares in its portfolio. Neuberger Berman Limited Liability Corp, a New York-based fund reported 612,588 shares. Armstrong Henry H Assoc invested 0.4% in AbbVie Inc. (NYSE:ABBV). Illinois-based Archford Strategies Llc has invested 0.93% in AbbVie Inc. (NYSE:ABBV). Banque Pictet & Cie stated it has 0.23% of its portfolio in AbbVie Inc. (NYSE:ABBV). Susquehanna Grp Llp holds 0.01% or 222,496 shares in its portfolio. Arete Wealth Advsr Ltd Co holds 0.36% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 10,270 shares. Hbk Lp has invested 0.07% in AbbVie Inc. (NYSE:ABBV). Utd Financial Bank owns 9,670 shares. First Financial In holds 0.79% or 13,644 shares in its portfolio. Tru Co Of Toledo Na Oh holds 57,163 shares or 1.29% of its portfolio. Argent Tru invested in 0.99% or 28,365 shares. Japan-based Sumitomo Mitsui Asset Mngmt has invested 0.22% in AbbVie Inc. (NYSE:ABBV). First Heartland Consultants has invested 0.27% of its portfolio in AbbVie Inc. (NYSE:ABBV). L & S Advsr invested in 125,487 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 17.54 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.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of AbbVie Inc. (NYSE:ABBV) has “Mkt Perform” rating given on Tuesday, October 18 by Leerink Swann. BMO Capital Markets maintained AbbVie Inc. (NYSE:ABBV) on Wednesday, April 19 with “Hold” rating. The firm has “Buy” rating by Jefferies given on Thursday, January 4. As per Monday, October 30, the company rating was maintained by Leerink Swann. On Monday, November 2 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock has “Buy” rating by Cowen & Co on Monday, November 20. The stock of AbbVie Inc. (NYSE:ABBV) earned “Hold” rating by Credit Suisse on Wednesday, June 7. Jefferies maintained the stock with “Buy” rating in Thursday, May 25 report. Leerink Swann upgraded AbbVie Inc. (NYSE:ABBV) on Monday, October 2 to “Outperform” rating. Citigroup downgraded the stock to “Neutral” rating in Monday, November 28 report.

Since August 7, 2017, it had 0 buys, and 5 selling transactions for $23.18 million activity. BLOCK ARTHUR R had sold 5,630 shares worth $224,575 on Monday, December 18. BACON KENNETH J sold $83,175 worth of Comcast Corporation (NASDAQ:CMCSA) on Friday, September 15. ROBERTS BRIAN L sold $22.57M worth of stock.

Centre Asset Management Llc, which manages about $811.26M and $385.52 million US Long portfolio, decreased its stake in Facebook (NASDAQ:FB) by 1,870 shares to 115,080 shares, valued at $19.66 million in 2017Q3, according to the filing. It also reduced its holding in Home Depot Inc (NYSE:HD) by 13,330 shares in the quarter, leaving it with 40,387 shares, and cut its stake in Corning Inc (NYSE:GLW).

Among 29 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 4 Hold. Therefore 83% are positive. Comcast Corporation had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 4 by Argus Research. The firm has “Buy” rating by UBS given on Friday, July 24. The firm has “Outperform” rating given on Monday, October 24 by Macquarie Research. Wells Fargo maintained the shares of CMCSA in report on Monday, October 23 with “Buy” rating. Citigroup downgraded Comcast Corporation (NASDAQ:CMCSA) on Wednesday, July 26 to “Sell” rating. The firm earned “Outperform” rating on Wednesday, October 28 by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $4700 target in Thursday, July 6 report. The rating was maintained by Goldman Sachs on Wednesday, May 4 with “Buy”. The firm has “Buy” rating by Guggenheim given on Thursday, August 3. On Tuesday, January 31 the stock rating was maintained by RBC Capital Markets with “Outperform”.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.02, from 1.01 in 2017Q2. It increased, as 53 investors sold CMCSA shares while 517 reduced holdings. 115 funds opened positions while 470 raised stakes. 3.65 billion shares or 1.23% less from 3.69 billion shares in 2017Q2 were reported. Regent Inv stated it has 1.33% in Comcast Corporation (NASDAQ:CMCSA). Pennsylvania-based Beach Counsel Pa has invested 0.04% in Comcast Corporation (NASDAQ:CMCSA). 103,604 are owned by Harvey Mngmt. Old Mutual Customised Solutions (Proprietary) Limited has 0.44% invested in Comcast Corporation (NASDAQ:CMCSA) for 83,330 shares. Delphi Inc Ma stated it has 62,533 shares. 3.79 million were reported by Reaves W H &. West Oak Cap Limited Company holds 1,860 shares or 0.04% of its portfolio. Maverick Capital Limited has 1.36% invested in Comcast Corporation (NASDAQ:CMCSA) for 2.78M shares. Moreover, Amg National Tru Bank has 0.02% invested in Comcast Corporation (NASDAQ:CMCSA) for 6,344 shares. Haverford owns 316,687 shares or 4.76% of their US portfolio. Architects Inc invested in 2,149 shares or 0.15% of the stock. North Carolina-based Novare Cap Mgmt Limited Liability has invested 1.35% in Comcast Corporation (NASDAQ:CMCSA). Adell Harriman And Carpenter reported 131,650 shares. D E Shaw Communication has 0.9% invested in Comcast Corporation (NASDAQ:CMCSA). Blume Mgmt holds 3.4% or 166,862 shares.

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