Plancorp Holding in Abbvie (ABBV) Cut as Share Price Rose; Manchester Capital Management Continues to Hold Position in Intuit (INTU)

February 20, 2018 - By Hazel Jackson

Plancorp Llc decreased its stake in Abbvie Inc (ABBV) by 24.4% based on its latest 2017Q3 regulatory filing with the SEC. Plancorp Llc sold 5,915 shares as the company’s stock rose 6.17% with the market. The institutional investor held 18,323 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $1.63M, down from 24,238 at the end of the previous reported quarter. Plancorp Llc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $188.33B market cap company. The stock increased 3.22% or $3.7 during the last trading session, reaching $118.6. About 8.83 million shares traded or 48.72% up from the average. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 20, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Manchester Capital Management Llc increased its stake in Intuit (INTU) by 3422.22% based on its latest 2017Q3 regulatory filing with the SEC. Manchester Capital Management Llc bought 4,004 shares as the company’s stock rose 4.61% with the market. The institutional investor held 4,121 shares of the prepackaged software company at the end of 2017Q3, valued at $586,000, up from 117 at the end of the previous reported quarter. Manchester Capital Management Llc who had been investing in Intuit for a number of months, seems to be bullish on the $43.89 billion market cap company. The stock increased 1.41% or $2.38 during the last trading session, reaching $171.69. About 1.70 million shares traded or 24.66% up from the average. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since February 20, 2017 and is uptrending. It has outperformed by 6.92% the S&P500.

Among 23 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 2 Sell and 12 Hold. Therefore 39% are positive. Intuit had 83 analyst reports since August 10, 2015 according to SRatingsIntel. On Friday, September 18 the stock rating was maintained by Oppenheimer with “Outperform”. Zacks downgraded the stock to “Hold” rating in Tuesday, August 25 report. The stock of Intuit Inc. (NASDAQ:INTU) has “Hold” rating given on Wednesday, August 26 by RBC Capital Markets. RBC Capital Markets downgraded it to “Outperform” rating and $115 target in Tuesday, August 11 report. The firm has “Underweight” rating by First Analysis given on Friday, August 21. The company was initiated on Wednesday, September 6 by Moffett Nathanson. The firm has “Buy” rating given on Friday, November 20 by UBS. The company was maintained on Wednesday, August 24 by UBS. Deutsche Bank maintained the shares of INTU in report on Tuesday, January 9 with “Buy” rating. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, September 13.

Manchester Capital Management Llc, which manages about $2.59 billion and $645.43 million US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 5,341 shares to 8,058 shares, valued at $770,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard Specialized Portfol (VIG) by 5,851 shares in the quarter, leaving it with 1,157 shares, and cut its stake in Vanguard Index Fds (VBR).

Since August 24, 2017, it had 0 buys, and 11 selling transactions for $114.85 million activity. On Thursday, September 7 the insider Wernikoff Daniel A sold $2.18 million. STANSBURY HENRY TAYLOE sold $257,109 worth of stock. FLOURNOY MARK J also sold $265,839 worth of Intuit Inc. (NASDAQ:INTU) shares. Shares for $25.88 million were sold by COOK SCOTT D on Wednesday, September 6. Another trade for 184,585 shares valued at $26.05 million was made by Williams R Neil on Tuesday, September 12.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.04, from 0.96 in 2017Q2. It dived, as 33 investors sold INTU shares while 249 reduced holdings. 66 funds opened positions while 193 raised stakes. 215.12 million shares or 0.10% less from 215.33 million shares in 2017Q2 were reported. Profund Advisors Limited Company invested in 21,772 shares or 0.13% of the stock. 378,005 were reported by New York State Teachers Retirement. Amf Pensionsforsakring holds 203,529 shares. Boston Advsr Ltd invested 0.03% in Intuit Inc. (NASDAQ:INTU). Dynamic Cap Mngmt Limited invested in 8,452 shares or 0.34% of the stock. Dubuque Bancorp Tru accumulated 125 shares or 0% of the stock. 7,200 were accumulated by Quantres Asset Mngmt. Parkside Bank reported 436 shares. Ameriprise Fin Incorporated holds 0.03% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 501,430 shares. Retirement Of Alabama reported 0.11% stake. Tudor Investment Et Al has invested 0.03% in Intuit Inc. (NASDAQ:INTU). Next Gp Inc, Texas-based fund reported 162 shares. Zebra Cap Mgmt Llc reported 7,036 shares or 0.32% of all its holdings. Rafferty Asset Management Lc accumulated 0.04% or 11,000 shares. North Star Asset accumulated 58,762 shares.

Since September 11, 2017, it had 0 insider buys, and 5 sales for $25.59 million activity. 145,510 shares were sold by Schumacher Laura J, worth $14.07M on Thursday, December 14. Michael Robert A. sold 6,699 shares worth $589,512. Another trade for 87,040 shares valued at $8.57 million was sold by RICHMOND TIMOTHY J.. Shares for $1.66M were sold by Gosebruch Henry O.

Investors sentiment decreased to 0.85 in Q3 2017. 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. Main Street Research Limited, California-based fund reported 142,131 shares. Rand Wealth Limited Liability Corp, California-based fund reported 45,314 shares. Hanson Mcclain Inc holds 0.03% or 4,037 shares in its portfolio. 6,000 were accumulated by New Jersey Better Educational Savings Trust. Altavista Wealth Mgmt Inc holds 0.16% or 3,879 shares in its portfolio. Bancorpsouth invested 0.24% of its portfolio in AbbVie Inc. (NYSE:ABBV). Indiana-based Donaldson Mngmt Limited Liability has invested 3.9% in AbbVie Inc. (NYSE:ABBV). 1,300 were accumulated by Cypress Lc (Wy). 316,850 were accumulated by Kempen Cap Mngmt Nv. Cincinnati Fincl reported 1.38% in AbbVie Inc. (NYSE:ABBV). Arrowstreet Capital Ltd Partnership accumulated 2.87 million shares or 0.68% of the stock. Bryn Mawr reported 0.21% stake. 1St Source Natl Bank has invested 0.18% in AbbVie Inc. (NYSE:ABBV). Live Your Vision owns 83 shares. Btr Capital Management reported 0.42% in AbbVie Inc. (NYSE:ABBV).

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