Abbvie (ABBV) Market Valuation Declined While Adams Asset Advisors Increased Its Holding; As Cdn Imperial Bk Comm Toronto (CM) Market Valuation Declined, Jefferies Group Increased by $1.32 Million Its Position

AbbVie Inc. (NYSE:ABBV) Logo

Adams Asset Advisors Llc increased its stake in Abbvie (ABBV) by 11.19% based on its latest 2018Q4 regulatory filing with the SEC. Adams Asset Advisors Llc bought 6,924 shares as the company’s stock declined 10.66% while stock markets rallied. The institutional investor held 68,789 shares of the major pharmaceuticals company at the end of 2018Q4, valued at $6.34 million, up from 61,865 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Abbvie for a number of months, seems to be bullish on the $115.27 billion market cap company. The stock decreased 2.78% or $2.23 during the last trading session, reaching $77.98. About 3.06M shares traded. AbbVie Inc. (NYSE:ABBV) has declined 30.20% since April 17, 2018 and is downtrending. It has underperformed by 34.57% the S&P500. Some Historical ABBV News: 11/04/2018 – MYLAN NV – FUJIFILM KYOWA KIRIN BIOLOGICS GRANTS MYLAN AN EXCLUSIVE LICENSE TO COMMERCIALIZE ADALIMUMAB BIOSIMILAR IN EUROPE; 18/05/2018 – U.S. FDA – ISSUES ALERT ABOUT DECREASED SURVIVAL ASSOCIATED WITH THE USE OF KEYTRUDA (PEMBROLIZUMAB) OR TECENTRIQ (ATEZOLIZUMAB); 23/05/2018 – MERCK & CO – BASED ON AN INTERIM ANALYSIS TREATMENT WITH KEYTRUDA IN COMBINATION WITH CHEMOTHERAPY RESULTED IN LONGER OS & PFS THAN CHEMOTHERAPY ALONE; 16/04/2018 – Dynavax Reports Interim Data for SD-101 in Combination With KEYTRUDA(R) (pembrolizumab) in Patients With Advanced Squamous Cell Carcinoma of the Head and Neck; 17/05/2018 – Oncolytics Biotech® Announces Collaboration with Merck and Northwestern University Combining Keytruda® and REOLYSIN® in a Ph; 17/04/2018 – LUPIN LTD LUPN.NS SAYS CO RECEIVES TENTATIVE FDA APPROVAL FOR GENERIC ANDROGEL, 1.62 PCT; 01/05/2018 – AbbVie Commences Self-Tender Offer for Up to $7.5B of Its Common Stk; 11/04/2018 – BIOCON SAYS TO ACCELERATE LAUNCHING ADALIMUMAB BIOSIMILAR IN EU; 30/05/2018 – AbbVie: 75.7M Shrs Properly Tendered and Not Properly Withdrawn At or Below Purchase Price of $105/Shr; 16/04/2018 – BIOTHERA PHARMACEUTICALS PRESENTS TRANSLATIONAL DATA FROM ONGOING CLINICAL TRIALS SHOWING IMPRIME PGG IN COMBINATION WITH MERCK’S KEYTRUDA® (PEMBROLIZUMAB) DRIVES INNATE AND ADAPTIVE IMMUNE

Jefferies Group Llc increased its stake in Cdn Imperial Bk Comm Toronto (CM) by 633.78% based on its latest 2018Q4 regulatory filing with the SEC. Jefferies Group Llc bought 17,879 shares as the company’s stock declined 3.29% while stock markets rallied. The institutional investor held 20,700 shares of the commercial banks company at the end of 2018Q4, valued at $1.54 million, up from 2,821 at the end of the previous reported quarter. Jefferies Group Llc who had been investing in Cdn Imperial Bk Comm Toronto for a number of months, seems to be bullish on the $36.69B market cap company. The stock decreased 0.30% or $0.25 during the last trading session, reaching $82.79. About 184,101 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has declined 6.94% since April 17, 2018 and is downtrending. It has underperformed by 11.31% the S&P500. Some Historical CM News: 23/05/2018 – Canadian Imperial Bank 2Q EPS C$2.89; 23/05/2018 – Canadian Imperial Bank 2Q Return on Common Shareholder Equity 17%; 23/05/2018 – Canadian Imperial Bank 2Q Net C$1.32B; 11/04/2018 – Report: Exploring Fundamental Drivers Behind Athene Holding, Aercap Holdings N.V, Amdocs, Signet Jewelers, Canadian Imperial Ba; 27/03/2018 CANADIAN IMPERIAL BANK OF COMMERCE – DOMESTIC PUBLIC OFFERING OF $1.50 BLN OF 3.45% DEBENTURES DUE APRIL 4, 2028; 23/05/2018 – CANADIAN IMPERIAL BANK OF COMMERCE – QTRLY ADJUSTED DILUTED EPS $2.95; 23/05/2018 – Canadian Imperial Bank 2Q Adj EPS C$2.95; 23/05/2018 – CANADIAN IMPERIAL BANK OF COMMERCE – ALL FIGURES IN C$; 23/05/2018 – Canadian Imperial Bank 2Q Capital Markets Net C$249M; 23/05/2018 – Canadian Imperial Bank 2Q Provision for Credit Losses C$212M

Jefferies Group Llc, which manages about $12.27B US Long portfolio, decreased its stake in Sealed Air Corp New (NYSE:SEE) by 65,027 shares to 19,973 shares, valued at $696,000 in 2018Q4, according to the filing. It also reduced its holding in Chart Inds Inc by 71,800 shares in the quarter, leaving it with 36,925 shares, and cut its stake in Crown Castle Intl Corp New.

More notable recent Canadian Imperial Bank of Commerce (NYSE:CM) news were published by: Fool.ca which released: “If You’re Looking to Bank on Innovation, CIBC (TSX:CM) Is the Obvious Choice – The Motley Fool Canada” on April 14, 2019, also Fool.ca with their article: “Income Investors: Should You Buy CIBC (TSX:CM) Stock for its Dividend Growth and 5% Yield? – The Motley Fool Canada” published on April 04, 2019, Seekingalpha.com published: “Kitov up 20% on Famewave/BMY collaboration – Seeking Alpha” on April 12, 2019. More interesting news about Canadian Imperial Bank of Commerce (NYSE:CM) were released by: Fool.ca and their article: “Despite Headwinds, Canadian Banks like Toronto-Dominion Bank (TSX:TD) Should Remain Key Holdings in Your RRSP – The Motley Fool Canada” published on April 10, 2019 as well as Fool.ca‘s news article titled: “3 Reasons to Buy Toronto-Dominion Bank (TSX:TD) Stock Despite the Sluggish Economy – The Motley Fool Canada” with publication date: April 03, 2019.

Adams Asset Advisors Llc, which manages about $828.72M and $708.64M US Long portfolio, decreased its stake in Universal Corp Va (NYSE:UVV) by 11,011 shares to 159,825 shares, valued at $8.65 million in 2018Q4, according to the filing. It also reduced its holding in Weyerhaeuser Co Com (NYSE:WY) by 34,158 shares in the quarter, leaving it with 211,500 shares, and cut its stake in Ibm Corp (NYSE:IBM).

Investors sentiment increased to 0.83 in 2018 Q4. Its up 0.01, from 0.82 in 2018Q3. It improved, as 60 investors sold ABBV shares while 631 reduced holdings. 129 funds opened positions while 444 raised stakes. 996.27 million shares or 0.22% more from 994.12 million shares in 2018Q3 were reported. 18,819 are owned by Tci Wealth Advisors. Bluefin Trading Ltd, a New York-based fund reported 2,200 shares. Dakota Wealth Mgmt, a Massachusetts-based fund reported 13,078 shares. Sonata Cap Gru Incorporated owns 3,420 shares. Crawford Inv Counsel holds 0.09% or 27,693 shares. Gam Ag reported 71,524 shares. Davy Asset reported 10,296 shares. Hilton Cap Ltd Liability holds 0.04% in AbbVie Inc. (NYSE:ABBV) or 2,160 shares. Thompson Siegel And Walmsley Ltd Liability Company stated it has 0.07% in AbbVie Inc. (NYSE:ABBV). City holds 33,967 shares or 1.02% of its portfolio. Shelter Mutual has invested 2.17% in AbbVie Inc. (NYSE:ABBV). Interocean Ltd Liability invested in 0.1% or 9,921 shares. Meyer Handelman Communications accumulated 99,347 shares. Hap Trading Llc reported 10,693 shares or 0.06% of all its holdings. Cranbrook Wealth Mgmt stated it has 0.11% of its portfolio in AbbVie Inc. (NYSE:ABBV).

Since November 29, 2018, it had 0 insider purchases, and 5 insider sales for $21.78 million activity. Another trade for 42,450 shares valued at $3.82 million was made by Gosebruch Henry O on Thursday, November 29. Schumacher Laura J had sold 94,140 shares worth $8.81 million on Tuesday, December 4. 16,850 shares were sold by GONZALEZ RICHARD A, worth $1.50 million on Tuesday, December 11.

AbbVie Inc. (NYSE:ABBV) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.