AbbVie Inc. (AbbVie) is a research-based biopharmaceutical company. The Company is engaged in the discovery, development, manufacture and sale of a range of pharmaceutical products. Its products are focused on treating conditions, such as chronic autoimmune diseases in rheumatology, gastroenterology and dermatology; oncology, including blood cancers; virology, including hepatitis C virus (HCV) and human immunodeficiency virus (HIV); neurological disorders, such as Parkinson's disease and multiple sclerosis; metabolic diseases, including thyroid disease and complications associated with cystic fibrosis, and other serious health conditions. It offers products in various categories, including HUMIRA (adalimumab), Oncology products, Virology Products, Additional Virology products, Metabolics/Hormones products, Endocrinology products and other products, which include Duopa and Duodopa (carbidopa and levodopa), Anesthesia products and ZINBRYTA (daclizumab).
Industry, Sector and Symbol:
- Sector: Medical
- Industry: Specialty & Advanced Pharmaceuticals
- Sub-Industry: Pharmaceuticals
- Symbol: NYSE:ABBV
- CUSIP: 00287Y10
- Web: www.abbvie.com
Capitalization:- Market Cap: $139.34 billion
- Outstanding Shares: 1,594,094,000
Average Prices:- 50 Day Moving Avg: $75.76
- 200 Day Moving Avg: $69.87
- 52 Week Range: $55.06 - $89.69
P/E:- Trailing P/E Ratio: 21.383
- Foreward P/E Ratio: 13.47
- P/E Growth: 1.140
Sales & Book Value:- Annual Revenue: $26.71 billion
- Price / Sales: 5.22
- Book Value: $3.77 per share
- Price / Book: 23.19
Dividend:- Annual Dividend: $2.56
- Dividend Yield: 2.9%
Profitability:- EBIDTA: $11.57 billion
- Net Margins: 24.77%
- Return on Equity: 150.27%
- Return on Assets: 12.52%
Debt:- Debt-to-Equity Ratio: 5.63%
- Current Ratio: 1.38%
- Quick Ratio: 1.25%
Misc:- Average Volume: 5.93 million shs.
- Beta: 1.48
- Short Ratio: 5.37
Frequently Asked Questions for AbbVie (NYSE:ABBV)
What is AbbVie's stock symbol?
AbbVie trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABBV."
How often does AbbVie pay dividends? What is the dividend yield for AbbVie?
AbbVie declared a quarterly dividend on Friday, September 8th. Investors of record on Friday, October 13th will be paid a dividend of $0.64 per share on Wednesday, November 15th. This represents a $2.56 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, October 12th. View AbbVie's Dividend History.
How will AbbVie's stock buyback program work?
AbbVie announced that its board has approved a stock buyback program on Sunday, April 9th 2017, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.
How were AbbVie's earnings last quarter?
AbbVie Inc. (NYSE:ABBV) released its earnings results on Friday, July, 28th. The company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.40 by $0.02. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.93 billion. AbbVie had a return on equity of 150.27% and a net margin of 24.77%. The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. View AbbVie's Earnings History.
When will AbbVie make its next earnings announcement?
What guidance has AbbVie issued on next quarter's earnings?
AbbVie issued an update on its FY17 earnings guidance on Friday, July, 28th. The company provided earnings per share (EPS) guidance of $5.44-5.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.53.
Where is AbbVie's stock going? Where will AbbVie's stock price be in 2017?
13 analysts have issued 12 month target prices for AbbVie's stock. Their predictions range from $60.00 to $107.00. On average, they anticipate AbbVie's stock price to reach $83.75 in the next year. View Analyst Ratings for AbbVie.
What are analysts saying about AbbVie stock?
Here are some recent quotes from research analysts about AbbVie stock:
- 1. According to Zacks Investment Research, "AbbVie’s key drug Humira is performing well and should continue to be driven by growing awareness, favorable clinical data, new indications and expansion into new markets. Moreover, Imbruvica has multi-billion dollar potential and AbbVie is exploring the possibility of label expansion into solid tumors and autoimmune diseases. Investor focus will be on the stock with several late-stage data-readouts are expected in 2017. AbbVie’s shares outperformed the large-cap pharma industry so far this year. However, Viekira faces intense pricing and competitive pressure in the HCV market. Though Humira is doing well, the company is concerned about the product’s long-term prospects owing to the potential biosimilar competition. Estimates remained stable ahead of the company’s Q2 earnings release. AbbVie has had a mixed record of earnings surprises in the recent quarters. " (7/13/2017)
- 2. Jefferies Group LLC analysts commented, "ABBV's IPR with CHRS will be heard this week, which looks challenging in light of the prior institution decision. However, the market already expects ABBV to lose and we do not see the '135 patent alone as critical to delaying biosimilars, indicating positive asymmetry in our view. We look at the key IPR arguments as well as the risk/ reward around the decision expected in May as we prepare to attend the hearing." (2/14/2017)
Who are some of AbbVie's key competitors?
Some companies that are related to AbbVie include ConvaTec Group PLC (CTEC), Mallinckrodt PLC (MNK), Advanced Accelerator Applications S.A. (AAAP), Indivior PLC (INDV), Supernus Pharmaceuticals (SUPN), Repligen Corporation (RGEN), TherapeuticsMD (TXMD), TherapeuticsMD (TXMD), Aimmune Therapeutics (AIMT), Eagle Pharmaceuticals (EGRX), Assembly Biosciences (ASMB), Rockwell Medical (RMTI), Novan (NOVN), Check-Cap (CHEK), CorMedix (CRMD), DARA Biosciences (DARA), Macrocure Ltd (MCUR) and Salix Pharmaceuticals (SLXP).
Who are AbbVie's key executives?
AbbVie's management team includes the folowing people:
- Richard A. Gonzalez, Chairman of the Board, Chief Executive Officer
- William J. Chase, Executive Vice President, Chief Financial Officer
- Michael Severino M.D., Executive Vice President - Research & Development, Chief Scientific Officer
- Laura J. Schumacher, Executive Vice President, External Affairs, General Counsel and Corporate Secretary
- Carlos Alban, Executive Vice President - Commercial Operations
- Henry O. Gosebruch, Executive Vice President, Chief Strategy Officer
- Timothy J. Richmond, Senior Vice President - Human Resources
- Azita Saleki-Gerhardt Ph.D., Senior Vice President - Operations
- Robert A. Michael, Vice President, Controller
- Robert J. Alpern M.D., Independent Director
Who owns AbbVie stock?
AbbVie's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Capital Research Global Investors (11.18%), Vanguard Group Inc. (7.28%), BlackRock Inc. (5.91%), State Street Corp (4.48%), Northern Trust Corp (1.33%) and Bank of New York Mellon Corp (1.07%). Company insiders that own AbbVie stock include Azita Saleki-Gerhardt, Carlos Alban, Edward J Rapp, Henry O Gosebruch, Laura J Schumacher, Richard A Gonzalez, Robert A Michael, Thomas A Hurwich, Timothy J Richmond and William J Chase. View Institutional Ownership Trends for AbbVie.
Who sold AbbVie stock? Who is selling AbbVie stock?
AbbVie's stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Glenview Capital Management LLC, Bank of New York Mellon Corp, Canada Pension Plan Investment Board, AXA, APG Asset Management N.V., Prudential PLC and Strs Ohio. Company insiders that have sold AbbVie stock in the last year include Azita Saleki-Gerhardt, Carlos Alban, Henry O Gosebruch, Laura J Schumacher, Richard A Gonzalez, Robert A Michael, Timothy J Richmond and William J Chase. View Insider Buying and Selling for AbbVie.
Who bought AbbVie stock? Who is buying AbbVie stock?
AbbVie's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Janus Henderson Group PLC, Orbis Allan Gray Ltd, Capital Research Global Investors, BlackRock Inc., Prudential Financial Inc., Balyasny Asset Management LLC and Renaissance Technologies LLC. View Insider Buying and Selling for AbbVie.
How do I buy AbbVie stock?
Shares of AbbVie can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AbbVie's stock price today?
One share of AbbVie stock can currently be purchased for approximately $87.41.
MarketBeat Community Rating for AbbVie (NYSE ABBV)MarketBeat's community ratings are surveys of what our community members think about AbbVie and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for AbbVie (NYSE:ABBV) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 6 Hold Ratings, 7 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.54) |
| Consensus Price Target: | $83.75 (4.19% downside) |
Analysts' Ratings History for AbbVie (NYSE:ABBV)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/15/2017 | Jefferies Group LLC | Reiterated Rating | Buy -> Buy | $94.00 -> $107.00 | High |  |
| 9/15/2017 | Piper Jaffray Companies | Reiterated Rating | Buy | $100.00 | High | |
| 9/13/2017 | SunTrust Banks, Inc. | Reiterated Rating | Buy | $95.00 | Low | |
| 9/12/2017 | Leerink Swann | Reiterated Rating | Market Perform | | Low | |
| 9/11/2017 | Cowen and Company | Reiterated Rating | Market Perform -> Hold | $70.00 -> $95.00 | Medium | |
| 9/8/2017 | Goldman Sachs Group, Inc. (The) | Reiterated Rating | Buy | $85.00 -> $100.00 | Low | |
| 8/16/2017 | Evercore ISI | Initiated Coverage | Outperform -> Outperform | $95.00 | Medium | |
| 7/20/2017 | Credit Suisse Group | Reiterated Rating | Neutral | $65.00 -> $74.00 | Medium | |
| 7/17/2017 | Deutsche Bank AG | Reiterated Rating | Hold | $65.00 -> $66.00 | Low | |
| 6/22/2017 | Societe Generale | Upgrade | Hold -> Buy | | Low | |
| 5/17/2017 | BMO Capital Markets | Reiterated Rating | Market Perform | $66.00 | Low | |
| 12/8/2016 | William Blair | Reiterated Rating | Outperform | $76.00 | N/A | |
| 11/28/2016 | Citigroup Inc. | Downgrade | Buy -> Neutral | $60.00 | N/A | |
| 9/8/2016 | J P Morgan Chase & Co | Downgrade | Overweight -> Neutral | $75.00 -> $73.00 | N/A | |
| 9/1/2016 | Raymond James Financial, Inc. | Initiated Coverage | Outperform | $82.00 | N/A | |
| 8/8/2016 | Argus | Reiterated Rating | Buy | $85.00 | N/A | |
| 8/2/2016 | Barclays PLC | Reiterated Rating | Equal Weight | $68.00 | N/A | |
| 6/8/2016 | Morgan Stanley | Downgrade | Overweight -> Equal Weight | $73.00 -> $65.00 | N/A | |
| 12/18/2015 | Atlantic Securities | Initiated Coverage | Neutral | $59.00 | N/A | |
(Data available from 9/20/2015 forward)
Earnings History for AbbVie (NYSE:ABBV)Earnings History by Quarter for AbbVie (NYSE ABBV)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | $1.38 | | | | | N/A | |
| 7/28/2017 | Q2 2017 | $1.40 | $1.42 | $6.93 billion | $6.94 billion | View | N/A | |
| 4/27/2017 | Q1 2017 | $1.26 | $1.28 | $6.49 billion | $6.54 billion | View | N/A | |
| 1/27/2017 | Q416 | $1.20 | $1.20 | $6.92 billion | $6.78 billion | View | Listen | |
| 10/28/2016 | Q316 | $1.21 | $1.21 | $6.55 billion | $6.43 billion | View | Listen | |
| 7/29/2016 | Q216 | $1.20 | $1.26 | $6.20 billion | $6.43 billion | View | Listen | |
| 4/28/2016 | Q116 | $1.14 | $1.15 | $6.03 billion | $5.96 billion | View | Listen | |
| 1/29/2016 | Q415 | $1.12 | $1.13 | $6.41 billion | $6.36 billion | View | Listen | |
| 10/30/2015 | Q315 | $1.08 | $1.13 | $5.90 billion | $4.94 billion | View | Listen | |
| 7/24/2015 | Q215 | $1.06 | $1.08 | $5.60 billion | $5.48 billion | View | Listen | |
| 4/23/2015 | Q115 | $0.85 | $0.94 | $718.50 million | $5.04 billion | View | Listen | |
| 1/30/2015 | Q414 | $0.86 | $0.89 | $5.34 billion | $5.45 billion | View | Listen | |
| 10/31/2014 | Q3 | $0.77 | $0.89 | $4.82 million | $5.02 million | View | Listen | |
| 7/25/2014 | Q214 | $0.76 | $0.82 | $4.70 billion | $4.93 billion | View | Listen | |
| 4/25/2014 | Q114 | $0.68 | $0.71 | $4.33 billion | $4.56 billion | View | Listen | |
| 1/31/2014 | Q413 | $0.82 | $0.82 | $5.10 billion | $5.11 billion | View | Listen | |
| 10/25/2013 | Q313 | $0.78 | $0.82 | $4.52 billion | $4.66 billion | View | Listen | |
| 7/26/2013 | Q2 2013 | $0.79 | $0.92 | $4.54 billion | $4.69 billion | View | Listen | |
| 4/26/2013 | Q1 2013 | $0.67 | $0.68 | $4.17 billion | $4.33 billion | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for AbbVie (NYSE:ABBV)Current Year EPS Consensus Estimate: $5.52 EPS
Next Year EPS Consensus Estimate: $6.49 EPS
Current Dividend Information for AbbVie (NYSE:ABBV)| Next Dividend: | 11/15/2017 |
| Annual Dividend: | $2.56 |
| Dividend Yield: | 2.93% |
| Dividend Growth: | 12.50% (3 Year Average) |
| Payout Ratio: | 62.90% (Trailing 12 Months of Earnings)
46.38% (Based on This Year's Estimates)
39.45% (Based on Next Year's Estimates)
|
| Track Record: | 44 Years of Consecutive Dividend Growth |
Dividend History by Quarter for AbbVie (NYSE ABBV)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/8/2017 | Quarterly | $0.64 | 2.94% | 10/12/2017 | 10/13/2017 | 11/15/2017 |
| 6/23/2017 | quarterly | $0.64 | 3.52% | 7/12/2017 | 7/14/2017 | 8/15/2017 |
| 2/17/2017 | quarterly | $0.64 | 4.14% | 4/11/2017 | 4/13/2017 | 5/15/2017 |
| 10/28/2016 | quarterly | $0.64 | 4.44% | 1/11/2017 | 1/13/2017 | 2/15/2017 |
| 9/12/2016 | quarterly | $0.57 | 3.56% | 10/12/2016 | 10/14/2016 | 11/15/2016 |
| 6/17/2016 | quarterly | $0.57 | 3.8% | 7/13/2016 | 7/15/2016 | 8/15/2016 |
| 2/19/2016 | quarterly | $0.57 | 4.2% | 4/13/2016 | 4/15/2016 | 5/16/2016 |
| 11/2/2015 | quarterly | $0.57 | 3.6% | 1/13/2016 | 1/15/2016 | 2/16/2016 |
| 9/14/2015 | quarterly | $0.51 | 3.46% | 10/13/2015 | 10/15/2015 | 11/14/2015 |
| 6/19/2015 | quarterly | $0.51 | 2.94% | 7/13/2015 | 7/15/2015 | 8/14/2015 |
| 2/20/2015 | quarterly | $0.51 | 3.33% | 4/13/2015 | 4/15/2015 | 5/15/2015 |
| 10/20/2014 | quarterly | $0.49 | 3.48% | 1/13/2015 | 1/15/2015 | 2/13/2015 |
| 9/19/2014 | quarterly | $0.42 | 2.86% | 10/10/2014 | 10/15/2014 | 11/17/2014 |
| 6/19/2014 | quarterly | $0.42 | 3.15% | 7/11/2014 | 7/15/2014 | 8/15/2014 |
| 2/20/2014 | quarterly | $0.42 | 3.29% | 4/11/2014 | 4/15/2014 | 5/15/2014 |
| 12/12/2013 | quarterly | $0.40 | 3.06% | 1/13/2014 | 1/15/2014 | 2/14/2014 |
| 9/19/2013 | quarterly | $0.40 | 3.34% | 10/10/2013 | 10/15/2013 | 11/15/2013 |
| 6/20/2013 | quarterly | $0.40 | 3.75% | 7/11/2013 | 7/15/2013 | 8/15/2013 |
| 2/15/2013 | quarterly | $0.40 | 4.19% | 4/11/2013 | 4/15/2013 | 5/15/2013 |
| 1/7/2013 | special | $0.40 | | 1/11/2013 | 1/15/2013 | 2/15/2013 |
| 1/4/2013 | quarterly | $0.40 | | | 1/15/2013 | 2/15/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for AbbVie (NYSE:ABBV)Insider Ownership Percentage: 0.23%
Institutional Ownership Percentage: 68.25%
Insider Trades by Quarter for AbbVie (NYSE:ABBV)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 9/11/2017 | Azita Saleki-Gerhardt | SVP | Sell | 8,300 | $85.02 | $705,666.00 | |
| 8/7/2017 | Richard A Gonzalez | Chairman | Sell | 193,131 | $71.00 | $13,712,301.00 | |
| 8/4/2017 | Richard A Gonzalez | Chairman | Sell | 87,899 | $71.02 | $6,242,586.98 | |
| 8/3/2017 | Richard A Gonzalez | CEO | Sell | 65,861 | $71.00 | $4,676,131.00 | |
| 7/31/2017 | Edward J Rapp | Director | Buy | 4,000 | $70.45 | $281,800.00 | |
| 7/31/2017 | Henry O Gosebruch | Insider | Sell | 18,000 | $70.09 | $1,261,620.00 | |
| 6/14/2017 | Carlos Alban | EVP | Sell | 45,800 | $70.00 | $3,206,000.00 | |
| 6/14/2017 | Laura J Schumacher | Insider | Sell | 79,800 | $70.00 | $5,586,000.00 | |
| 5/19/2017 | Richard A Gonzalez | Chairman | Sell | 71,235 | $65.49 | $4,665,180.15 | |
| 5/18/2017 | William J Chase | CFO | Sell | 38,300 | $65.35 | $2,502,905.00 | |
| 5/4/2017 | Carlos Alban | EVP | Sell | 43,000 | $67.00 | $2,881,000.00 | |
| 3/10/2017 | Laura J Schumacher | Insider | Sell | 40,000 | $65.26 | $2,610,400.00 | |
| 3/10/2017 | Robert A Michael | VP | Sell | 5,132 | $65.29 | $335,068.28 | |
| 3/10/2017 | Timothy J Richmond | SVP | Sell | 22,451 | $65.29 | $1,465,825.79 | |
| 3/8/2017 | Richard A Gonzalez | Chairman | Sell | 72,016 | $64.25 | $4,627,028.00 | |
| 12/2/2016 | William J Chase | CFO | Sell | 6,600 | $59.19 | $390,654.00 | |
| 9/7/2016 | Laura J Schumacher | Insider | Sell | 50,000 | $65.00 | $3,250,000.00 | |
| 6/24/2016 | Laura J Schumacher | EVP | Sell | 186,106 | $60.03 | $11,171,943.18 | |
| 6/2/2016 | Richard A Gonzalez | CEO | Sell | 285,953 | $63.82 | $18,249,520.46 | |
| 5/11/2016 | Richard A Gonzalez | CEO | Sell | 39,000 | $63.80 | $2,488,200.00 | |
| 5/10/2016 | Carlos Alban | EVP | Sell | 47,438 | $63.52 | $3,013,261.76 | |
| 5/10/2016 | Thomas A Hurwich | VP | Sell | 6,000 | $63.59 | $381,540.00 | |
| 5/10/2016 | Timothy J Richmond | SVP | Sell | 21,583 | $63.52 | $1,370,952.16 | |
| 3/8/2016 | Laura J Schumacher | EVP | Sell | 25,000 | $56.09 | $1,402,250.00 | |
| 3/1/2016 | Timothy J Richmond | SVP | Sell | 12,866 | $55.05 | $708,273.30 | |
| 4/28/2015 | Richard A Gonzalez | CEO | Sell | 102,964 | $64.67 | $6,658,681.88 | |
| 3/2/2015 | Laura J Schumacher | EVP | Sell | 25,000 | $60.30 | $1,507,500.00 | |
| 3/2/2015 | Timothy J Richmond | SVP | Sell | 14,388 | $60.33 | $868,028.04 | |
| 12/22/2014 | William J Chase | CFO | Sell | 8,495 | $68.00 | $577,660.00 | |
| 3/4/2014 | Richard Gonzalez | CEO | Sell | 4,799 | $51.20 | $245,708.80 | |
| 3/3/2014 | Azita Saleki-Gerhardt | SVP | Sell | 2,443 | $50.25 | $122,760.75 | |
| 3/3/2014 | Carlos Alban | EVP | Sell | 2,882 | $50.09 | $144,359.38 | |
| 3/3/2014 | William Chase | CFO | Sell | 3,948 | $50.22 | $198,268.56 | |
| 9/17/2013 | Azita Saleki-Gerhardt | SVP | Sell | 10,473 | $45.84 | $480,082.32 | |
| 8/19/2013 | Azita Saleki-Gerhardt | SVP | Sell | 1,270 | $43.01 | $54,622.70 | |
| 8/12/2013 | Azita Saleki-Gerhardt | SVP | Sell | 8,851 | $44.91 | $397,498.41 | |
| 3/11/2013 | Edward J Rapp | Director | Buy | 2,500 | $37.67 | $94,175.00 | |
| 2/4/2013 | Frederick H Waddell | Director | Buy | 2,000 | $37.05 | $74,100.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for AbbVie (NYSE:ABBV)
Latest Headlines for AbbVie (NYSE:ABBV)
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AbbVie (ABBV) Chart for Wednesday, September, 20, 2017
