Signature Estate & Investment Advisors Lifted Sysco (SYY) Position By $1.11 Million; New Mexico Educational Retirement Board Lowered By $945,300 Its Abbvie (ABBV) Stake

November 15, 2017 - By Dolores Ford

New Mexico Educational Retirement Board decreased Abbvie Inc (ABBV) stake by 8.48% reported in 2017Q2 SEC filing. New Mexico Educational Retirement Board sold 13,700 shares as Abbvie Inc (ABBV)’s stock rose 6.17%. The New Mexico Educational Retirement Board holds 147,942 shares with $10.34 million value, down from 161,642 last quarter. Abbvie Inc now has $151.04B valuation. The stock declined 0.94% or $0.89 reaching $93.86 per share. About 40,494 shares traded. AbbVie Inc (NYSE:ABBV) has risen 10.63% since November 15, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.

Signature Estate & Investment Advisors Llc increased Sysco Corp (SYY) stake by 8.52% reported in 2017Q2 SEC filing. Signature Estate & Investment Advisors Llc acquired 22,265 shares as Sysco Corp (SYY)’s stock rose 4.26%. The Signature Estate & Investment Advisors Llc holds 283,642 shares with $14.28 million value, up from 261,377 last quarter. Sysco Corp now has $28.62 billion valuation. It closed at $54.93 lastly. It is down 11.23% since November 15, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Signature Estate & Investment Advisors Llc decreased Pimco Dynmic Credit And Mrt (PCI) stake by 17,303 shares to 8,736 valued at $195,000 in 2017Q2. It also reduced Alphabet Inc stake by 444 shares and now owns 17,383 shares. Spdr S&P 500 Etf Tr (SPY) was reduced too.

Since May 17, 2017, it had 0 buys, and 3 insider sales for $3.38 million activity. Shurts Wayne sold $862,914 worth of SYSCO Corporation (NYSE:SYY) on Monday, June 12. 30,000 shares were sold by DeLaney William J III, worth $1.63M.

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Sysco Corporation has $61 highest and $29 lowest target. $53.50’s average target is -2.60% below currents $54.93 stock price. Sysco Corporation had 47 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, November 19 the stock rating was initiated by Wells Fargo with “Outperform”. BMO Capital Markets upgraded the shares of SYY in report on Friday, May 5 to “Outperform” rating. The firm has “Hold” rating given on Friday, August 11 by RBC Capital Markets. The stock of SYSCO Corporation (NYSE:SYY) earned “Neutral” rating by Clevland Research on Friday, March 11. The firm earned “Overweight” rating on Tuesday, February 7 by JP Morgan. The rating was maintained by Pivotal Research with “Hold” on Tuesday, November 8. The rating was upgraded by Barclays Capital on Thursday, November 10 to “Equal Weight”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 26. The company was maintained on Tuesday, May 3 by Goldman Sachs. The company was maintained on Wednesday, April 12 by Guggenheim.

Investors sentiment increased to 0.87 in Q2 2017. Its up 0.08, from 0.79 in 2017Q1. It increased, as 44 investors sold SYY shares while 351 reduced holdings. 84 funds opened positions while 258 raised stakes. 414.66 million shares or 0.17% more from 413.94 million shares in 2017Q1 were reported. Aperio Limited Company holds 0.13% in SYSCO Corporation (NYSE:SYY) or 419,698 shares. Bragg Financial Advisors accumulated 38,804 shares. Oxbow Advisors Ltd Com, Texas-based fund reported 10,105 shares. Wells Fargo Com Mn holds 14.67M shares or 0.24% of its portfolio. Waverton Inv Mgmt Ltd holds 12,842 shares or 0.04% of its portfolio. Lpl Finance Ltd stated it has 115,688 shares. Texas Yale Cap Corp invested in 13,683 shares. Schulhoff & Incorporated accumulated 0.47% or 15,228 shares. Neuberger Berman Grp Lc reported 0% of its portfolio in SYSCO Corporation (NYSE:SYY). Adirondack Tru Communications holds 220 shares. Btc Capital Management Inc has 45,727 shares for 0.42% of their portfolio. Parsons Cap Mngmt Ri holds 0.19% or 31,131 shares in its portfolio. 2,060 are owned by Howe And Rusling Incorporated. Tetrem Mgmt reported 5,267 shares. Financial Bank holds 10,118 shares or 0.06% of its portfolio.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 66 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, April 19 by BMO Capital Markets. As per Tuesday, October 18, the company rating was initiated by Leerink Swann. The firm has “Neutral” rating by Atlantic Securities given on Friday, December 18. The company was maintained on Wednesday, June 7 by Credit Suisse. The stock of AbbVie Inc (NYSE:ABBV) has “Buy” rating given on Friday, August 18 by Jefferies. Cowen & Co maintained the shares of ABBV in report on Tuesday, September 5 with “Hold” rating. Cowen & Co maintained the shares of ABBV in report on Friday, July 28 with “Hold” rating. As per Monday, September 28, the company rating was upgraded by Citigroup. The stock of AbbVie Inc (NYSE:ABBV) earned “Hold” rating by Deutsche Bank on Thursday, September 28. Goldman Sachs maintained it with “Buy” rating and $80 target in Friday, March 10 report.

Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on January, 26. They expect $1.43 EPS, up 19.17% or $0.23 from last year’s $1.2 per share. ABBV’s profit will be $2.30 billion for 16.41 P/E if the $1.43 EPS becomes a reality. After $1.41 actual EPS reported by AbbVie Inc for the previous quarter, Wall Street now forecasts 1.42% EPS growth.

Since May 18, 2017, it had 0 insider purchases, and 2 insider sales for $8.79 million activity. Shares for $5.59 million were sold by Schumacher Laura J on Wednesday, June 14. The insider GONZALEZ RICHARD A sold $4.67M. ALBAN CARLOS sold $3.21 million worth of stock or 45,800 shares. On Thursday, May 18 the insider CHASE WILLIAM J sold $2.50M.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.01, from 0.99 in 2017Q1. It is positive, 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. First Bancorp Sioux Falls, a South Dakota-based fund reported 3,405 shares. First Western has invested 0.5% of its portfolio in AbbVie Inc (NYSE:ABBV). Wellington Mngmt Gp Inc Llp stated it has 0% in AbbVie Inc (NYSE:ABBV). Cape Ann Bank & Trust reported 8,964 shares. The Florida-based Raymond James Associate has invested 0.81% in AbbVie Inc (NYSE:ABBV). Keating Investment Counselors invested in 6,575 shares or 0.21% of the stock. Smith Salley invested in 1.7% or 116,620 shares. Twin Capital holds 13,168 shares. Santa Barbara Asset Ltd reported 3.3% stake. Asset Management One Company holds 0.48% or 2.61 million shares. Focused Wealth Mgmt has invested 0.04% in AbbVie Inc (NYSE:ABBV). Alyeska Inv Gru Ltd Partnership holds 1.15% of its portfolio in AbbVie Inc (NYSE:ABBV) for 1.77M shares. Fifth Third Retail Bank owns 1.39M shares for 0.74% of their portfolio. National Bank Hapoalim Bm holds 5,670 shares or 0.1% of its portfolio. Moreover, Brighton Jones Ltd has 0.07% invested in AbbVie Inc (NYSE:ABBV) for 6,883 shares.

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