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Quantum Financial Advisors and other investors cut their stakes in AbbVie, despite its strong earnings.
Quantum Financial Advisors and other institutional investors have reduced their holdings in AbbVie Inc., with Quantum lowering its shares by 3.1% to 3,478, valued at $729,000.
Founders Capital Management decreased its holdings by 19.7%, now owning 25,321 shares.
AbbVie reported EPS of $2.46, beating estimates and has a market cap of $327.72 billion.
The stock has a "Moderate Buy" rating and a target price of $210.95.
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Quantum Financial Advisors y otros inversores recortaron sus participaciones en AbbVie, a pesar de sus fuertes ganancias.