Sullivan Bruyette Speros & Blaney LLC boosted its holdings in shares of AbbVie Inc (NYSE:ABBV) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,980 shares of the company’s stock after purchasing an additional 1,110 shares during the quarter. Sullivan Bruyette Speros & Blaney LLC’s holdings in AbbVie were worth $1,565,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in AbbVie by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 118,762,307 shares of the company’s stock valued at $11,232,540,000 after acquiring an additional 912,625 shares in the last quarter. Vanguard Group Inc raised its holdings in AbbVie by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 118,762,307 shares of the company’s stock valued at $11,232,540,000 after acquiring an additional 912,625 shares in the last quarter. Capital International Investors raised its holdings in AbbVie by 266.4% in the 3rd quarter. Capital International Investors now owns 27,594,648 shares of the company’s stock valued at $2,609,902,000 after acquiring an additional 20,063,435 shares in the last quarter. Capital World Investors raised its holdings in shares of AbbVie by 74.9% in the 3rd quarter. Capital World Investors now owns 25,359,025 shares of the company’s stock worth $2,398,457,000 after buying an additional 10,858,432 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of AbbVie by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 15,879,753 shares of the company’s stock worth $1,501,907,000 after buying an additional 382,597 shares in the last quarter. Hedge funds and other institutional investors own 70.66% of the company’s stock.
A number of brokerages have recently issued reports on ABBV. Zacks Investment Research cut AbbVie from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Argus cut AbbVie from a “buy” rating to a “hold” rating in a report on Monday, March 25th. ValuEngine raised AbbVie from a “strong sell” rating to a “sell” rating in a report on Friday, March 15th. Barclays reissued a “hold” rating and issued a $86.00 target price on shares of AbbVie in a report on Thursday, February 14th. Finally, Credit Suisse Group set a $79.00 target price on AbbVie and gave the stock a “hold” rating in a report on Friday, January 25th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $94.48.
NYSE:ABBV opened at $80.78 on Monday. AbbVie Inc has a 12-month low of $75.77 and a 12-month high of $107.25. The firm has a market capitalization of $119.16 billion, a PE ratio of 10.21, a P/E/G ratio of 1.68 and a beta of 1.16.
AbbVie (NYSE:ABBV) last posted its quarterly earnings results on Friday, January 25th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.02). AbbVie had a negative return on equity of 439.07% and a net margin of 17.36%. The company had revenue of $8.31 billion during the quarter, compared to the consensus estimate of $8.37 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts anticipate that AbbVie Inc will post 8.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, April 15th will be given a $1.07 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $4.28 annualized dividend and a dividend yield of 5.30%. AbbVie’s dividend payout ratio is currently 54.11%.
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AbbVie Inc discovers, develops, manufactures, and sells pharmaceutical products in the United States, Japan, Germany, Canada, Italy, Spain, the Netherlands, the United Kingdom, Brazil, and internationally. The company offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behçet's diseases; IMBRUVICA to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), mantle cell lymphoma, waldenström's macroglobulinemia, marginal zone lymphoma, and chronic graft versus host disease; VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; VIEKIRA PAK, an interferon-free therapy to treat adults with genotype 1 chronic hepatitis C virus (HCV); TECHNIVIE to treat adults with genotype 4 HCV infection; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection.
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