Dimensional Fund Advisors LP Sells 868,264 Shares of AbbVie Inc. $ABBV

Key Points

• Dimensional Fund Advisors LP reduced its AbbVie stake by 10.5% in the first quarter, selling 868,264 shares and leaving it with 7.41 million shares valued at about $1.61 billion.
• AbbVie reported better-than-expected Q1 earnings, with EPS of $2.65 versus estimates of $2.59 and revenue of $15 billion topping forecasts, while quarterly revenue rose 12.4% year over year.
• The company announced a quarterly dividend of $1.73 per share payable on Aug. 14, and analysts remain broadly positive with a Moderate Buy consensus and an average price target of $267.67.

Dimensional Fund Advisors LP lowered its stake in AbbVie Inc. (NYSE:ABBV - Free Report) by 10.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,411,238 shares of the company's stock after selling 868,264 shares during the period. AbbVie accounts for about 0.3% of Dimensional Fund Advisors LP's holdings, making the stock its 29th largest holding. Dimensional Fund Advisors LP owned 0.42% of AbbVie worth $1,611,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABBV. Litman Gregory Wealth Management LLC purchased a new stake in shares of AbbVie in the fourth quarter worth $28,000. Westend Capital Management LLC purchased a new position in shares of AbbVie in the 4th quarter worth about $29,000. Imprint Wealth LLC raised its position in shares of AbbVie by 56.2% in the 4th quarter. Imprint Wealth LLC now owns 125 shares of the company's stock worth $29,000 after purchasing an additional 45 shares during the last quarter. Legacy Wealth Managment LLC ID boosted its stake in AbbVie by 115.9% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the company's stock worth $31,000 after purchasing an additional 73 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in AbbVie during the 4th quarter valued at about $31,000. Institutional investors own 70.23% of the company's stock.

AbbVie Stock Up 0.0%

Shares of NYSE ABBV opened at $254.53 on Monday. The firm's 50-day moving average price is $229.80 and its 200-day moving average price is $221.87. AbbVie Inc. has a 52-week low of $184.63 and a 52-week high of $261.64. The company has a market cap of $449.70 billion, a PE ratio of 125.38, a PEG ratio of 0.84 and a beta of 0.30.

AbbVie (NYSE:ABBV - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.06. The firm had revenue of $15 billion during the quarter, compared to analysts' expectations of $14.72 billion. AbbVie had a net margin of 5.79% and a negative return on equity of 576.45%. The firm's quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.46 earnings per share. As a group, equities research analysts anticipate that AbbVie Inc. will post 14.18 EPS for the current fiscal year.

AbbVie Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $1.73 per share. The ex-dividend date is Wednesday, July 15th. This represents a $6.92 dividend on an annualized basis and a yield of 2.7%. AbbVie's payout ratio is currently 340.89%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $298.00 target price on shares of AbbVie in a report on Tuesday, June 23rd. Wells Fargo & Company raised their price target on shares of AbbVie from $260.00 to $295.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. HSBC restated a "buy" rating and issued a $300.00 price objective on shares of AbbVie in a report on Monday, July 6th. UBS Group upped their price objective on AbbVie from $230.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, July 13th. Finally, Canaccord Genuity Group increased their target price on AbbVie from $265.00 to $273.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, AbbVie has a consensus rating of "Moderate Buy" and an average target price of $267.67.

Key AbbVie News

Here are the key news stories impacting AbbVie this week:

• Positive Sentiment: AbbVie’s Allergan Aesthetics unit won European Commission approval for Boey® (trenibotulinumtoxinE), a new facial injectable for glabellar lines. The approval gives AbbVie a differentiated aesthetics product in all 30 EEA countries and could add another growth driver to offset Humira-related declines. Article Title
• Positive Sentiment: Investors are also focusing on AbbVie’s neuroscience franchise and other newer product catalysts, with analysts expecting solid Q2 growth and continued momentum from brands such as Vyalev, RINVOQ, and SKYRIZI ahead of earnings. Article Title
• Positive Sentiment: Brokerage sentiment remains constructive, with recent coverage showing a “Moderate Buy” consensus and multiple price-target increases in July, reinforcing confidence in AbbVie’s long-term pipeline and earnings outlook. Article Title
• Neutral Sentiment: Erste Group slightly lowered its FY2026 EPS estimate for AbbVie to $14.08 from $14.23, though the new estimate remains close to the consensus of $14.18 and is not a major deviation. Article Title

About AbbVie

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.

Want to see what other hedge funds are holding ABBV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AbbVie Inc. (NYSE:ABBV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.