Vinva Investment Management Ltd raised its stake in shares of AbbVie Inc. (NYSE:ABBV - Free Report) by 24.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,584 shares of the company's stock after purchasing an additional 31,451 shares during the quarter. AbbVie accounts for 0.7% of Vinva Investment Management Ltd's portfolio, making the stock its 16th largest holding. Vinva Investment Management Ltd's holdings in AbbVie were worth $36,282,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ABBV. Brighton Jones LLC grew its position in AbbVie by 17.4% in the fourth quarter. Brighton Jones LLC now owns 22,912 shares of the company's stock valued at $4,072,000 after acquiring an additional 3,401 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of AbbVie by 72.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,279 shares of the company's stock valued at $1,294,000 after acquiring an additional 3,064 shares during the period. Schnieders Capital Management LLC. lifted its holdings in shares of AbbVie by 5.0% during the second quarter. Schnieders Capital Management LLC. now owns 16,466 shares of the company's stock valued at $3,056,000 after acquiring an additional 789 shares during the period. Atlas Legacy Advisors LLC boosted its stake in shares of AbbVie by 21.7% in the 2nd quarter. Atlas Legacy Advisors LLC now owns 1,282 shares of the company's stock valued at $238,000 after purchasing an additional 229 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC boosted its stake in shares of AbbVie by 14.5% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 2,533 shares of the company's stock valued at $470,000 after purchasing an additional 321 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.
AbbVie Stock Down 0.8%
AbbVie stock opened at $230.41 on Friday. The stock has a 50-day simple moving average of $224.72 and a 200 day simple moving average of $224.10. The stock has a market capitalization of $407.40 billion, a price-to-earnings ratio of 97.63, a P/E/G ratio of 0.80 and a beta of 0.34. AbbVie Inc. has a 12-month low of $164.39 and a 12-month high of $244.81.
AbbVie (NYSE:ABBV - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.06. The firm had revenue of $16.62 billion for the quarter, compared to analyst estimates of $16.39 billion. AbbVie had a net margin of 6.91% and a negative return on equity of 1,579.75%. The company's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.16 EPS. AbbVie has set its FY 2026 guidance at 14.370-14.570 EPS and its Q1 2026 guidance at 2.970-3.010 EPS. As a group, sell-side analysts anticipate that AbbVie Inc. will post 12.31 EPS for the current year.
AbbVie Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $1.73 per share. This represents a $6.92 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, April 15th. AbbVie's dividend payout ratio is 293.22%.
Insider Activity at AbbVie
In related news, SVP David Ryan Purdue sold 5,230 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $233.56, for a total value of $1,221,518.80. Following the completion of the sale, the senior vice president owned 2,654 shares of the company's stock, valued at $619,868.24. This trade represents a 66.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Perry C. Siatis sold 22,381 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $230.00, for a total transaction of $5,147,630.00. Following the completion of the transaction, the executive vice president owned 38,137 shares of the company's stock, valued at $8,771,510. This trade represents a 36.98% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.25% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
ABBV has been the subject of a number of recent analyst reports. Royal Bank Of Canada began coverage on shares of AbbVie in a research report on Tuesday, February 24th. They set an "outperform" rating and a $260.00 target price for the company. Berenberg Bank set a $275.00 price target on shares of AbbVie in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of AbbVie in a report on Wednesday, January 21st. Morgan Stanley lifted their target price on shares of AbbVie from $269.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. Finally, Wall Street Zen raised AbbVie from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $253.15.
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Key Headlines Impacting AbbVie
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AbbVie Profile
(
Free Report)
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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