Hamlin Capital Management Has Lowered By $38.07 Million Its Abbvie (ABBV) Holding; Northwest Bancshares, Inc. (NWBI) Had 1 Bulls

December 22, 2017 - By Peter Erickson

Hamlin Capital Management Llc decreased Abbvie Inc (ABBV) stake by 35.03% reported in 2017Q3 SEC filing. Hamlin Capital Management Llc sold 432,580 shares as Abbvie Inc (ABBV)’s stock rose 6.17%. The Hamlin Capital Management Llc holds 802,215 shares with $71.29 million value, down from 1.23M last quarter. Abbvie Inc now has $156.31 billion valuation. The stock increased 0.51% or $0.5 during the last trading session, reaching $97.91. About 2.25 million shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since December 22, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.

Among 7 analysts covering Northwest Bancshares (NASDAQ:NWBI), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Northwest Bancshares had 9 analyst reports since September 22, 2015 according to SRatingsIntel. Zacks downgraded the shares of NWBI in report on Tuesday, September 22 to “Hold” rating. As per Monday, July 24, the company rating was maintained by Keefe Bruyette & Woods. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) has “Market Perform” rating given on Thursday, June 2 by FBR Capital. The rating was downgraded by Sandler O’Neill to “Sell” on Monday, December 19. The firm earned “Hold” rating on Tuesday, July 25 by Boenning & Scattergood. FBR Capital maintained it with “Mkt Perform” rating and $16 target in Wednesday, October 26 report. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) has “Outperform” rating given on Monday, May 2 by RBC Capital Markets. Keefe Bruyette & Woods maintained Northwest Bancshares, Inc. (NASDAQ:NWBI) on Friday, October 6 with “Hold” rating. Wood maintained Northwest Bancshares, Inc. (NASDAQ:NWBI) rating on Tuesday, September 13. Wood has “Market Perform” rating and $15 target. See Northwest Bancshares, Inc. (NASDAQ:NWBI) latest ratings:

06/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $16.0 Maintain
24/07/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $16.0000 Maintain
25/07/2017 Broker: Boenning & Scattergood Rating: Hold Maintain

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.20, from 1.06 in 2017Q2. It turned negative, as 12 investors sold Northwest Bancshares, Inc. shares while 59 reduced holdings. 18 funds opened positions while 43 raised stakes. 65.40 million shares or 1.94% less from 66.69 million shares in 2017Q2 were reported. Utd Svcs Automobile Association has invested 0.04% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Schwab Charles Inc has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). State Of Alaska Department Of Revenue reported 0.02% stake. 3,519 are owned by Ls Invest Advisors Ltd Liability Com. Community Bancorp Na reported 1,125 shares. Susquehanna Gru Limited Liability Partnership stated it has 21,000 shares. Hbk Sorce Advisory Limited Company accumulated 53,556 shares. Texas Permanent School Fund reported 74,826 shares or 0.02% of all its holdings. Fmr Lc holds 38,600 shares. Piedmont Advsr Limited Com has 0.01% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI). Citigroup Inc owns 150,713 shares or 0% of their US portfolio. Natixis reported 0% stake. Fuller & Thaler Asset Mgmt stated it has 3,200 shares. Price T Rowe Associate Md, Maryland-based fund reported 64,550 shares. Moreover, Ahl Partners Llp has 0.02% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI).

Since September 14, 2017, it had 0 insider purchases, and 3 selling transactions for $353,985 activity. Shares for $158,913 were sold by Ritzert Gerald J. Young Andrew sold $90,996 worth of stock or 5,625 shares. Scalise Jonathan P sold 6,047 shares worth $104,076.

The stock increased 0.24% or $0.04 during the last trading session, reaching $17.01. About 442,258 shares traded or 0.96% up from the average. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 6.88% since December 22, 2016 and is uptrending. It has underperformed by 9.82% the S&P500.

Northwest Bancshares, Inc. operates as a bank holding firm for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company has market cap of $1.75 billion. The firm operates through two divisions, Community Banking and Consumer Finance. It has a 17.94 P/E ratio. It offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.15, from 1 in 2017Q2. It dropped, 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. Whitnell And has invested 1.97% in AbbVie Inc. (NYSE:ABBV). Hills State Bank & Tru, Iowa-based fund reported 4,024 shares. Tcw Group owns 30,350 shares. Old Mutual Glob Invsts (Uk) Limited has 24,868 shares. Eqis Capital Mgmt Inc holds 0.15% or 29,983 shares in its portfolio. Moreover, Covington Inv Incorporated has 1.03% invested in AbbVie Inc. (NYSE:ABBV) for 30,836 shares. Tiedemann Wealth Management Ltd Liability Company holds 0.15% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 23,541 shares. Fincl Engines Advisors Limited Liability Co has invested 0.67% in AbbVie Inc. (NYSE:ABBV). Renaissance Grp Incorporated Limited Liability Com invested 0.25% of its portfolio in AbbVie Inc. (NYSE:ABBV). Hamlin Cap Mgmt Limited Liability Co reported 802,215 shares stake. Catalyst Limited Liability holds 0.02% or 3,927 shares in its portfolio. Court Place Ltd Co owns 0.89% invested in AbbVie Inc. (NYSE:ABBV) for 22,414 shares. New England Private Wealth Advsr Ltd Llc stated it has 0.22% in AbbVie Inc. (NYSE:ABBV). Livingston Gru Asset Management Communication (Operating As Southport Cap Management) has 0.49% invested in AbbVie Inc. (NYSE:ABBV) for 12,996 shares. Raymond James Financial Services Advisors stated it has 1.13 million shares or 0.64% of all its holdings.

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 $2.28B for 17.12 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.

Hamlin Capital Management Llc increased Fnb Corp Pa (NYSE:FNB) stake by 1.07 million shares to 5.69M valued at $79.85M in 2017Q3. It also upped Ryman Hospitality Pptys Inc (NYSE:RHP) stake by 6,232 shares and now owns 649,935 shares. Exxon Mobil Corp (NYSE:XOM) was raised too.