Saturna Capital Corp Purchases 31,143 Shares of AbbVie Inc. $ABBV

Key Points

• Saturna Capital Corp increased its AbbVie stake by 4.2% in the fourth quarter, buying 31,143 additional shares and bringing its total holdings to 780,291 shares worth about $178.3 million.
• Institutional ownership of AbbVie remains high at 70.23%, and several other funds also reported new or larger positions in the company.
• AbbVie’s recent news flow was mixed: its migraine drug gained NHS clearance and Allergan Aesthetics highlighted new consumer research, but the FDA issued a Complete Response Letter for TrenibotE and the company terminated its cancer-drug deal with I-Mab.

Saturna Capital Corp boosted its position in AbbVie Inc. (NYSE:ABBV - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 780,291 shares of the company's stock after acquiring an additional 31,143 shares during the period. AbbVie accounts for 2.3% of Saturna Capital Corp's portfolio, making the stock its 13th largest position. Saturna Capital Corp's holdings in AbbVie were worth $178,289,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Chelsea Counsel Co. bought a new position in AbbVie in the third quarter valued at about $26,000. Westend Capital Management LLC bought a new position in AbbVie in the fourth quarter valued at about $29,000. Texas Capital Bancshares Inc TX bought a new position in AbbVie in the third quarter valued at about $31,000. Legacy Wealth Managment LLC ID boosted its holdings in AbbVie by 115.9% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the company's stock valued at $31,000 after acquiring an additional 73 shares during the last quarter. Finally, WestEnd Advisors LLC boosted its holdings in AbbVie by 160.4% in the fourth quarter. WestEnd Advisors LLC now owns 138 shares of the company's stock valued at $32,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 70.23% of the company's stock.

Key AbbVie News

Here are the key news stories impacting AbbVie this week:

• Positive Sentiment: AbbVie’s migraine drug was cleared for use in migraine attacks on the NHS, a sign of broader adoption potential that could support future sales growth. AbbVie's migraine drug cleared for migraine attacks on NHS
• Positive Sentiment: Allergan Aesthetics, an AbbVie company, highlighted new consumer research in its aesthetics business, reinforcing ongoing brand visibility and interest in its aesthetics portfolio. Allergan Aesthetics Releases 'The Aesthetics Evolution: What Consumers Really Want'
• Neutral Sentiment: AbbVie presented at Goldman Sachs’ healthcare conference, which typically provides investors with updates on strategy and pipeline but did not include a major new catalyst in the headline. AbbVie Inc. (ABBV) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript
• Neutral Sentiment: AbbVie was mentioned in “final trades” and “below fair value”/discount-stock roundups, which may keep valuation-focused investors interested but are not company-specific operational news. Final trades: AbbVie, Morgan Stanley, Shake Shack and the CBOE
• Negative Sentiment: AbbVie received a Complete Response Letter from the FDA for TrenibotE, its fast-acting neurotoxin candidate. The agency cited manufacturing-related issues and raised no safety or efficacy concerns, but the delay still pushes back a potential new product launch. FDA Issues Complete Response Letter for AbbVie’s Fast-Acting Neurotoxin TrenibotE
• Negative Sentiment: AbbVie also terminated its deal with I-Mab to develop a cancer drug, removing a potential pipeline opportunity and signaling a setback in its oncology collaboration strategy. AbbVie terminates deal with I-Mab to develop cancer drug

Analysts Set New Price Targets

Several research firms recently issued reports on ABBV. Bank of America upgraded AbbVie from a "neutral" rating to a "buy" rating and set a $234.00 price target on the stock in a report on Thursday, April 30th. Guggenheim reissued a "buy" rating and issued a $249.00 target price on shares of AbbVie in a research note on Friday, May 1st. Evercore set a $235.00 target price on AbbVie in a research note on Friday, May 15th. DZ Bank raised AbbVie from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of AbbVie in a research note on Monday, March 9th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $253.43.

AbbVie Price Performance

NYSE ABBV opened at $225.16 on Thursday. The firm has a market cap of $397.82 billion, a P/E ratio of 110.92, a P/E/G ratio of 0.69 and a beta of 0.32. The stock's 50-day moving average is $210.64 and its 200-day moving average is $219.09. AbbVie Inc. has a one year low of $181.73 and a one year high of $244.81.

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

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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