Healthcare of Ontario Pension Plan Trust Fund Has $56.41 Million Position in AbbVie Inc. $ABBV

Key Points

• Healthcare of Ontario Pension Plan Trust Fund increased its AbbVie stake by 253% in the fourth quarter, ending with 246,869 shares valued at about $56.4 million.
• AbbVie reported better-than-expected quarterly results, posting EPS of $2.65 versus estimates of $2.59 and revenue of $15 billion, up 12.4% year over year.
• Recent commentary remains mixed: analysts are generally moderately bullish with a consensus price target of $253.43, while news flow highlights both long-term growth from Skyrizi and Rinvoq and regulatory risk tied to the FDA letter for TrenibotE.

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in AbbVie Inc. (NYSE:ABBV - Free Report) by 253.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 246,869 shares of the company's stock after buying an additional 176,935 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in AbbVie were worth $56,407,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ABBV. Chelsea Counsel Co. bought a new position in shares of AbbVie during the third quarter worth $26,000. Litman Gregory Wealth Management LLC bought a new position in shares of AbbVie during the fourth quarter worth $28,000. Westend Capital Management LLC bought a new position in shares of AbbVie during the fourth quarter worth $29,000. Texas Capital Bancshares Inc TX bought a new position in shares of AbbVie during the third quarter worth $31,000. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of AbbVie by 115.9% during the fourth 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. 70.23% of the stock is currently owned by institutional investors and hedge funds.

AbbVie Stock Down 0.1%

Shares of NYSE:ABBV opened at $227.54 on Monday. AbbVie Inc. has a 12 month low of $181.73 and a 12 month high of $244.81. The company's fifty day simple moving average is $211.05 and its 200 day simple moving average is $219.00. The firm has a market cap of $402.02 billion, a price-to-earnings ratio of 112.09, a PEG ratio of 0.70 and a beta of 0.32.

AbbVie (NYSE:ABBV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.06. AbbVie had a net margin of 5.79% and a negative return on equity of 576.45%. The business had revenue of $15 billion for the quarter, compared to analyst estimates of $14.72 billion. During the same period last year, the business posted $2.46 earnings per share. The firm's quarterly revenue was up 12.4% on a year-over-year basis. Research analysts expect that AbbVie Inc. will post 14.3 earnings per share for the current fiscal year.

AbbVie News Summary

Here are the key news stories impacting AbbVie this week:

• Positive Sentiment: AbbVie said nine-year CLL14 data showed venetoclax plus obinutuzumab delivered durable progression-free survival in previously untreated chronic lymphocytic leukemia, strengthening the case for the drug’s long-term commercial value. AbbVie Presents New Data at EHA 2026 Congress for VENCLEXTA®/VENCLYXTO® (venetoclax) in First-Line Chronic Lymphocytic Leukemia Highlighting Long-Term Treatment Outcomes for Patients: Nine-Year Results
• Positive Sentiment: Investors are also focused on AbbVie’s broader pipeline and franchise strength, with commentary pointing to Skyrizi and Rinvoq continuing to drive revenue growth, which supports the company’s outlook beyond legacy Humira. Will Skyrizi & Rinvoq Continue to Drive AbbVie's Topline Through 2026?
• Neutral Sentiment: Several market commentaries described AbbVie as a defensive, high-quality compounder, but noted the shares may not be cheap at current levels, which suggests valuation may temper upside even with strong fundamentals. AbbVie: A Defensive Compounder Worth Holding, But Not A Bargain Buy
• Negative Sentiment: One article highlighted regulatory risk around AbbVie’s fast-acting neurotoxin TrenibotE after an FDA complete response letter, which could delay a potential growth driver if development setbacks persist. FDA Issues Complete Response Letter for AbbVie’s Fast-Acting Neurotoxin TrenibotE; Spokane dermatologist Dr. Philip Werschler on What the Letter Means

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ABBV shares. Piper Sandler lifted their price target on shares of AbbVie from $294.00 to $298.00 and gave the stock an "overweight" rating in a research report on Thursday, May 14th. Wall Street Zen cut shares of AbbVie from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 7th. Weiss Ratings reissued a "hold (c)" rating on shares of AbbVie in a research report on Monday, June 8th. Canaccord Genuity Group lifted their price target on shares of AbbVie from $262.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of AbbVie in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $253.43.

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.

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