AbbVie Inc. $ABBV Position Increased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its AbbVie stake by 9.9% during the third quarter, purchasing 36,266 additional shares to own 402,565 shares valued at approximately $104.7 million. Institutional investors collectively own 70.23% of AbbVie.
• AbbVie reported quarterly EPS of $3.65 and revenue of $16.99 billion, exceeding analyst estimates, while revenue rose 10.2% year over year. The company also declared a quarterly dividend of $1.73, or $6.92 annually, yielding about 2.4%.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $277.18. However, AbbVie faces the ongoing risk of replacing revenue from mature blockbuster drugs as competition increases.

TD Waterhouse Canada Inc. boosted its stake in shares of AbbVie Inc. (NYSE:ABBV - Free Report) by 9.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 402,565 shares of the company's stock after purchasing an additional 36,266 shares during the period. TD Waterhouse Canada Inc.'s holdings in AbbVie were worth $104,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. James T. Borello RIA lifted its position in AbbVie by 3.5% in the 3rd quarter. James T. Borello RIA now owns 1,192 shares of the company's stock worth $312,000 after buying an additional 40 shares in the last quarter. ACT Advisors LLC. grew its holdings in shares of AbbVie by 2.5% during the 2nd quarter. ACT Advisors LLC. now owns 1,688 shares of the company's stock valued at $425,000 after acquiring an additional 41 shares in the last quarter. Willner & Heller LLC grew its holdings in shares of AbbVie by 0.7% during the 2nd quarter. Willner & Heller LLC now owns 5,852 shares of the company's stock valued at $1,472,000 after acquiring an additional 43 shares in the last quarter. B.O.S.S. Retirement Advisors LLC increased its stake in shares of AbbVie by 3.1% in the second quarter. B.O.S.S. Retirement Advisors LLC now owns 1,427 shares of the company's stock worth $359,000 after acquiring an additional 43 shares during the last quarter. Finally, Fielder Capital Group LLC increased its stake in shares of AbbVie by 1.7% in the second quarter. Fielder Capital Group LLC now owns 2,532 shares of the company's stock worth $637,000 after acquiring an additional 43 shares during the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Key Headlines Impacting AbbVie

Here are the key news stories impacting AbbVie this week:

• Positive Sentiment: Positive Phase 3 cancer-trial results provided the most important company-specific catalyst. AbbVie and Genmab reported that epcoritamab plus R-CHOP significantly reduced the risk of disease progression or death in newly diagnosed diffuse large B-cell lymphoma, strengthening AbbVie’s oncology pipeline and potential long-term growth. What Does AbbVie (ABBV) 51% DLBCL Risk Reduction Mean For Its Oncology Push?
• Positive Sentiment: Analyst and options-market confidence remains favorable. Erste Group Bank issued a positive earnings outlook, Royal Bank of Canada reaffirmed its Outperform rating, and traders purchased an unusually high volume of ABBV call options—signals of bullish expectations ahead of results. Erste Group Bank Issues Positive Outlook for AbbVie Earnings
• Positive Sentiment: Investors continue to view AbbVie as attractively valued for a large-cap pharmaceutical company. Coverage highlights a forward P/E near 16.4, strong year-to-date performance, a durable dividend, and newer medicines growing fast enough to offset declining Humira revenue. AbbVie is Outperforming the Market this Year So Far. Is Its 16.4x Valuation Attractive?
• Positive Sentiment: Sector rotation is helping the stock. Investors have been shifting toward defensive pharmaceutical companies as technology stocks weaken, pushing major drugmakers close to record highs. Big Pharma Stocks Close Near All-Time Highs
• Neutral Sentiment: Investors are now looking ahead to AbbVie’s third-quarter earnings report, scheduled for October 30. The results and updated guidance will test whether recent pipeline momentum and newer-drug growth justify the stock’s rally. AbbVie’s Q3 2026 Earnings: What to Expect
• Negative Sentiment: The primary risk remains the transition away from established blockbusters. AbbVie must prove that newer medicines can sustain earnings as mature products face competition, while its trailing valuation appears elevated despite a more reasonable forward multiple. AbbVie vs. Merck: Which Pharma Stock Offers Better Value?

AbbVie Stock Up 0.7%

NYSE ABBV opened at $285.32 on Friday. The stock has a market capitalization of $504.10 billion, a PE ratio of 80.60, a price-to-earnings-growth ratio of 1.30 and a beta of 0.24. The company has a 50 day moving average price of $262.74 and a two-hundred day moving average price of $239.22. AbbVie Inc. has a 12-month low of $190.75 and a 12-month high of $291.40.

AbbVie (NYSE:ABBV - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $3.65 EPS for the quarter, topping the consensus estimate of $3.61 by $0.04. AbbVie had a net margin of 9.80% and a negative return on equity of 422.07%. The company had revenue of $16.99 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The company's revenue for the quarter 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, equities analysts anticipate that AbbVie Inc. will post 13.94 EPS for the current year.

AbbVie Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 15th. AbbVie's payout ratio is presently 195.48%.

Analysts Set New Price Targets

Several analysts recently issued reports on ABBV shares. Erste Group Bank upgraded AbbVie from a "hold" rating to a "buy" rating in a report on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on AbbVie from $295.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. UBS Group boosted their target price on AbbVie from $260.00 to $275.00 and gave the company a "neutral" rating in a research note on Tuesday, October 6th. Wolfe Research raised AbbVie from a "peer perform" rating to an "outperform" rating and upped their target price for the stock from $235.00 to $300.00 in a research report on Thursday, August 13th. Finally, Oppenheimer upped their target price on AbbVie from $244.00 to $258.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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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