AbbVie Inc. $ABBV Shares Sold by Diligent Investors LLC

Key Points

• Diligent Investors LLC69.6% in Q3 to 2,557 shares (~$592k), while other funds added positions and institutional ownership remains high at 70.23%; meanwhile insiders sold sizeable blocks (SVP 5,230 shares; EVP 22,381 shares), leaving insiders with just 0.25% ownership.
• AbbVie beat quarterly estimates (EPS $2.71 vs. $2.65; revenue $16.62B vs. $16.39B), issued FY2026 guidance of 14.37–14.57 EPS, and the stock is trading around $219.73 while analysts hold a consensus "Moderate Buy" with an average target of $253.15.
• The company declared a quarterly dividend of $1.73 (annualized $6.92, yield ~3.1%) and reported positive pipeline news — encouraging Phase‑1 data for ABBV‑295 and progress on risankizumab — supporting longer‑term growth optionality.

Diligent Investors LLC lessened its position in shares of AbbVie Inc. (NYSE:ABBV - Free Report) by 69.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,557 shares of the company's stock after selling 5,857 shares during the quarter. Diligent Investors LLC's holdings in AbbVie were worth $592,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. von Borstel & Associates Inc. purchased a new position in shares of AbbVie in the third quarter worth about $1,255,000. NorthRock Partners LLC boosted its position in AbbVie by 8.2% in the third quarter. NorthRock Partners LLC now owns 83,067 shares of the company's stock valued at $19,233,000 after buying an additional 6,270 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in AbbVie by 36.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 39,353 shares of the company's stock valued at $9,109,000 after buying an additional 10,588 shares during the last quarter. Texas Capital Bancshares Inc TX acquired a new position in AbbVie in the 3rd quarter worth approximately $31,000. Finally, Texas Capital Bank Wealth Management Services Inc raised its position in AbbVie by 27.2% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 10,556 shares of the company's stock worth $2,444,000 after buying an additional 2,259 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Guggenheim restated a "buy" rating on shares of AbbVie in a research note on Thursday. Evercore cut their price objective on shares of AbbVie from $232.00 to $228.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 4th. William Blair reissued an "outperform" rating on shares of AbbVie in a report on Monday. Berenberg Bank set a $275.00 target price on shares of AbbVie in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $223.00 price target on shares of AbbVie in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $253.15.

Insider Transactions at AbbVie

In related news, SVP David Ryan Purdue sold 5,230 shares of AbbVie stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $233.56, for a total value of $1,221,518.80. Following the completion of the transaction, the senior vice president owned 2,654 shares in the company, valued at $619,868.24. The trade was a 66.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Perry C. Siatis sold 22,381 shares of the company's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $230.00, for a total value of $5,147,630.00. Following the completion of the transaction, the executive vice president directly owned 38,137 shares of the company's stock, valued at $8,771,510. The trade was a 36.98% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.25% of the company's stock.

Trending Headlines about AbbVie

Here are the key news stories impacting AbbVie this week:

• Positive Sentiment: Phase‑1 data for ABBV‑295 reported as encouraging — supports pipeline optionality beyond core brands and is constructive for long‑term revenue upside. AbbVie Reports Promising Results from Phase 1 Study of ABBV-295
• Positive Sentiment: AbbVie advanced a risankizumab dosing study, signaling continued investment in immunology — reinforces management’s growth strategy in a key therapeutic area. AbbVie Advances Risankizumab Dosing Study, Signaling Ongoing Immunology Investment
• Positive Sentiment: RBC Capital started coverage with an Outperform and $260 price target — a bullish institutional view that supports upside versus current levels. RBC Capital Says AbbVie Inc. (ABBV) Growth Story Is Still in Early Stages
• Positive Sentiment: Consensus analyst stance remains supportive ("Moderate Buy"), which provides a baseline of buy‑side conviction. AbbVie Inc. NYSE: ABBV Receives Consensus Rating of "Moderate Buy" from Analysts
• Neutral Sentiment: Allergan Aesthetics‑affiliated providers earned top rankings in NY (beneficial for Allergan Aesthetics' commercial reputation, but limited immediate impact on ABBV stock). New York Plastic Surgical Group and Deep Blue Med Spa Named #1 in New York by Allergan Aesthetics for the Second Year in a Row
• Neutral Sentiment: Features and listicles (e.g., halal/debt‑free stock roundup, retirement income pieces) mention AbbVie but are peripheral to near‑term price movement. Is AbbVie Inc. (ABBV) One of the Debt Free Halal Stocks to Buy?
• Neutral Sentiment: Market reports forecasting growth in bipolar‑depression therapies expand the market opportunity for psychiatric drugs broadly; indirect for AbbVie unless tied to specific assets. Bipolar Depression Market Expected to Witness Accelerated Expansion During the Forecast Period (2026-2036) Amid Advancements in Psychiatric Therapies | DelveInsight
• Negative Sentiment: Shareholder governance concern: reports that the AbbVie CEO’s pay package has spiked above $30M can weigh on sentiment and prompt selling by governance‑focused funds. J&J, AbbVie CEOs See Pay Spike to More Than $30M
• Negative Sentiment: Analyst debate about immunology competition and valuation creates two‑sided risk—some analysts lift targets on growth, others flag competition that could cap upside, encouraging short‑term profit‑taking. How The Narrative For AbbVie (ABBV) Is Shifting On Immunology Growth And Competition Risks

AbbVie Trading Down 2.5%

AbbVie stock opened at $219.73 on Friday. The firm has a market cap of $388.51 billion, a PE ratio of 93.10, a P/E/G ratio of 0.78 and a beta of 0.34. AbbVie Inc. has a 12 month low of $164.39 and a 12 month high of $244.81. The stock's 50 day simple moving average is $224.33 and its two-hundred day simple moving average is $224.56.

AbbVie (NYSE:ABBV - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.06. AbbVie had a net margin of 6.91% and a negative return on equity of 1,579.75%. The firm had revenue of $16.62 billion during the quarter, compared to analyst estimates of $16.39 billion. During the same period in the previous year, the firm earned $2.16 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. AbbVie has set its FY 2026 guidance at 14.370-14.570 EPS and its Q1 2026 guidance at 2.970-3.010 EPS. On average, equities research analysts forecast that AbbVie Inc. will post 12.31 EPS for the current year.

AbbVie Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Wednesday, April 15th will be given a $1.73 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $6.92 dividend on an annualized basis and a dividend yield of 3.1%. AbbVie's dividend payout ratio is 293.22%.

AbbVie Profile

AbbVie is a global, research-driven biopharmaceutical company that was created as a spin-off from Abbott Laboratories in 2013 and is headquartered in North Chicago, Illinois. The company focuses on discovering, developing and commercializing therapies for complex and often chronic medical conditions. Its operations span research and development, manufacturing, regulatory affairs and commercialization, with an emphasis on bringing specialty medicines to market across multiple therapeutic areas.

AbbVie's product portfolio and pipeline cover several major therapeutic categories, including immunology, oncology, neuroscience, virology and women's health.

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