3,811 AbbVie Inc. $ABBV Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors reduced its AbbVie position by 3.0%, selling 3,811 shares in the third quarter and retaining 124,698 shares valued at approximately $32.62 million. Institutional investors collectively own 70.23% of AbbVie.
• AbbVie exceeded quarterly expectations with earnings of $3.65 per share and revenue of $16.99 billion, representing 10.2% year-over-year revenue growth. The company also declared a quarterly dividend of $1.73, equivalent to a 2.4% annual yield.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $277.18, while pipeline progress in Crohn’s disease and growth in neuroscience support the company’s outlook.

Prime Capital Investment Advisors LLC trimmed its position in shares of AbbVie Inc. (NYSE:ABBV - Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,698 shares of the company's stock after selling 3,811 shares during the period. Prime Capital Investment Advisors LLC's holdings in AbbVie were worth $32,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Burk Holdings LLC acquired a new position in AbbVie in the 2nd quarter worth about $30,000. Marquette Asset Management LLC raised its stake in shares of AbbVie by 52.2% during the 2nd quarter. Marquette Asset Management LLC now owns 140 shares of the company's stock worth $35,000 after purchasing an additional 48 shares in the last quarter. Principia Wealth Advisory LLC raised its stake in shares of AbbVie by 38.9% during the 2nd quarter. Principia Wealth Advisory LLC now owns 157 shares of the company's stock worth $40,000 after purchasing an additional 44 shares in the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in shares of AbbVie during the 1st quarter worth about $34,000. Finally, IMG Wealth Management Inc. lifted its holdings in shares of AbbVie by 3,060.0% during the 2nd quarter. IMG Wealth Management Inc. now owns 158 shares of the company's stock valued at $40,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 70.23% of the company's stock.

Insider Buying and Selling at AbbVie

In related news, EVP Nicholas Donoghoe sold 32,710 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $250.00, for a total value of $8,177,500.00. Following the transaction, the executive vice president directly owned 74,430 shares of the company's stock, valued at approximately $18,607,500. This trade represents a 30.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company's stock.

AbbVie Price Performance

AbbVie stock opened at $288.66 on Wednesday. AbbVie Inc. has a one year low of $190.75 and a one year high of $291.40. The company's fifty day moving average price is $264.22 and its two-hundred day moving average price is $240.39. The company has a market capitalization of $510.01 billion, a price-to-earnings ratio of 81.54, a PEG ratio of 1.29 and a beta of 0.24.

AbbVie (NYSE:ABBV - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $3.65 earnings per share for the quarter, topping analysts' consensus estimates of $3.61 by $0.04. AbbVie had a negative return on equity of 422.07% and a net margin of 9.80%. The company had revenue of $16.99 billion during the quarter, compared to analysts' expectations of $16.80 billion. During the same quarter in the previous year, the firm earned $2.97 earnings per share. The business's quarterly revenue was up 10.2% compared to the same quarter last year. AbbVie has set its Q3 2026 guidance at 3.840-3.880 EPS. As a group, sell-side analysts anticipate that AbbVie Inc. will post 13.94 earnings per share for the current year.

AbbVie Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, October 15th will be paid a $1.73 dividend. This represents a $6.92 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 15th. AbbVie's dividend payout ratio (DPR) is presently 195.48%.

Key AbbVie News

Here are the key news stories impacting AbbVie this week:

• Positive Sentiment: Promising Crohn’s disease results strengthen AbbVie’s pipeline. In a Phase 2a study, investigational ABBV-466, a dual-targeting therapy against IL-23 and integrin α4β7, produced higher endoscopic remission rates than either monotherapy at Week 12, with the treatment advantage widening by Week 24. The results suggest a potential future combination option in inflammatory bowel disease and helped reinforce AbbVie’s immunology strategy. AbbVie Presents Data for ABBV-466
• Positive Sentiment: Analysts see continued growth in neuroscience. AbbVie’s neuroscience franchise is projected to deliver nearly 16% revenue growth in the third quarter, supported by established products and newer Parkinson’s disease therapies. This offers another source of expansion as the company manages the loss of exclusivity for Humira. AbbVie’s Neuroscience Franchise
• Positive Sentiment: Strong cash generation supports the investment case. A comparison with Vertex highlighted AbbVie’s substantial free cash flow and its ability to navigate Humira’s patent expiration, factors that may support dividends, business development and pipeline investment. AbbVie vs. Vertex Pharmaceuticals
• Neutral Sentiment: McLaren Formula 1 partnership raises AbbVie’s visibility. The multiyear sponsorship and “Race to Innovate” campaign will promote awareness of immune-mediated diseases and provide charitable donations tied to McLaren’s championship points. The initiative is strategically positive for brand recognition but is unlikely to materially affect near-term earnings. AbbVie Named Official Pharmaceutical Partner of McLaren
• Negative Sentiment: Competitive risk remains in immunology. Reports that Rapport Therapeutics may enter a market estimated at $4.3 billion—and positive commentary surrounding Spyre Therapeutics’ ulcerative-colitis combination approach—highlight potential future competition. However, these programs remain developmental and do not appear to change AbbVie’s near-term results. Rapport Enters AbbVie Market

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ABBV. Scotiabank boosted their price target on AbbVie from $280.00 to $320.00 and gave the company an "outperform" rating in a research note on Tuesday, October 6th. Rothschild & Co Redburn increased their price objective on AbbVie from $284.00 to $285.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Citigroup raised their price objective on shares of AbbVie from $230.00 to $260.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Erste Group Bank upgraded shares of AbbVie from a "hold" rating to a "buy" rating in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group boosted their target price on shares of AbbVie from $282.00 to $290.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $277.18.

AbbVie Company Profile

AbbVie Inc NYSE: ABBV is a global biopharmaceutical company that discovers, develops and commercializes medicines and other healthcare products. Its portfolio focuses on immunology, oncology, neuroscience, aesthetics and eye care, serving patients and healthcare providers in markets around the world.

The company's key products include immunology medicines such as Skyrizi and Rinvoq; neuroscience treatments including Vraylar, Ubrelvy and Qulipta; and oncology products such as Imbruvica and Venclexta.

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