Aull & Monroe Investment Management Corp Has $2.79 Million Holdings in AbbVie Inc. $ABBV

Key Points

• Aull & Monroe Investment Management Corp reduced its holdings in AbbVie Inc. by 18.6%, now owning 15,045 shares valued at approximately $2.79 million.
• AbbVie recently announced a quarterly dividend of $1.64 per share, to be paid on November 14th, signaling a dividend yield of 2.9%.
• Analysts have mixed ratings on AbbVie, with an average target price set at $234.05, indicating a generally positive outlook despite some recent downgrades.

Aull & Monroe Investment Management Corp reduced its holdings in AbbVie Inc. (NYSE:ABBV - Free Report) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,045 shares of the company's stock after selling 3,445 shares during the quarter. AbbVie makes up approximately 1.5% of Aull & Monroe Investment Management Corp's holdings, making the stock its 23rd largest holding. Aull & Monroe Investment Management Corp's holdings in AbbVie were worth $2,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ABBV. Brighton Jones LLC boosted its holdings in shares of AbbVie by 17.4% in the 4th quarter. Brighton Jones LLC now owns 22,912 shares of the company's stock worth $4,072,000 after acquiring an additional 3,401 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of AbbVie by 72.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,279 shares of the company's stock worth $1,294,000 after acquiring an additional 3,064 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of AbbVie by 23.8% in the 1st quarter. GAMMA Investing LLC now owns 48,848 shares of the company's stock worth $10,235,000 after acquiring an additional 9,395 shares in the last quarter. Boston Trust Walden Corp raised its position in AbbVie by 0.8% in the 1st quarter. Boston Trust Walden Corp now owns 25,800 shares of the company's stock worth $5,406,000 after purchasing an additional 195 shares during the last quarter. Finally, Advisor Resource Council bought a new position in AbbVie in the 1st quarter worth approximately $1,853,000. 70.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of AbbVie in a research report on Wednesday, October 8th. Hsbc Global Res cut shares of AbbVie from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 1st. HSBC set a $225.00 price objective on shares of AbbVie in a research report on Thursday, October 2nd. Daiwa Capital Markets upgraded shares of AbbVie from a "neutral" rating to an "outperform" rating and set a $214.00 price objective for the company in a research report on Thursday, August 7th. Finally, Daiwa America upgraded shares of AbbVie from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $234.05.

Insider Buying and Selling at AbbVie

In related news, EVP Azita Saleki-Gerhardt sold 42,370 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $198.42, for a total value of $8,407,055.40. Following the completion of the sale, the executive vice president owned 177,292 shares in the company, valued at $35,178,278.64. This represents a 19.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nicholas Donoghoe sold 13,295 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $198.51, for a total value of $2,639,190.45. Following the sale, the executive vice president directly owned 58,247 shares in the company, valued at $11,562,611.97. The trade was a 18.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.25% of the company's stock.

AbbVie Stock Performance

Shares of AbbVie stock opened at $229.66 on Friday. The firm has a fifty day moving average of $217.91 and a two-hundred day moving average of $197.55. The stock has a market capitalization of $405.71 billion, a price-to-earnings ratio of 109.36, a PEG ratio of 1.43 and a beta of 0.51. AbbVie Inc. has a 52 week low of $163.81 and a 52 week high of $244.81. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.61 and a current ratio of 0.74.

AbbVie (NYSE:ABBV - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $2.97 EPS for the quarter, missing the consensus estimate of $3.24 by ($0.27). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.93 billion. AbbVie had a net margin of 6.45% and a return on equity of 699.66%. The business's revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 EPS. As a group, equities research analysts predict that AbbVie Inc. will post 12.31 EPS for the current year.

AbbVie Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Wednesday, October 15th will be given a dividend of $1.64 per share. The ex-dividend date is Wednesday, October 15th. This represents a $6.56 annualized dividend and a dividend yield of 2.9%. AbbVie's payout ratio is presently 312.38%.

AbbVie Profile

AbbVie Inc discovers, develops, manufactures, and sells pharmaceuticals worldwide. The company offers Humira, an injection for autoimmune and intestinal Behçet's diseases, and pyoderma gangrenosum; Skyrizi to treat moderate to severe plaque psoriasis, psoriatic disease, and Crohn's disease; Rinvoq to treat rheumatoid and psoriatic arthritis, ankylosing spondylitis, atopic dermatitis, axial spondyloarthropathy, ulcerative colitis, and Crohn's disease; Imbruvica for the treatment of adult patients with blood cancers; Epkinly to treat lymphoma; Elahere to treat cancer; and Venclexta/Venclyxto to treat blood cancers.

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