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AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company offers HUMIRA, a biologic therapy administered as a subcutaneous injection to treat autoimmune diseases; IMBRUVICA, an oral therapy for the treatment of patients with chronic lymphocytic leukemia; and VIEKIRA PAK, an interferon-free therapy, with or without ribavirin, for the treatment of adults with genotype 1 chronic hepatitis C. It also provides Kaletra, an anti- human immunodeficiency virus (HIV)-1 medicine used with other anti-HIV-1 medications as a treatment that maintains viral suppression in HIV-1 patients; Norvir, a protease inhibitor indicated in combination with other antiretroviral agents to treat HIV-1; and Synagis to prevent RSV infection at-risk infants. In addition, the company offers AndroGel, a testosterone replacement therapy for males diagnosed with symptomatic low testosterone; Creon, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid to treat hypothyroidism; and Lupron, a product for the palliative treatment of prostate cancer, endometriosis, and central precocious puberty, as well as for the treatment of patients with anemia. Further, it provides Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; Sevoflurane, an anesthesia product for human use; and ZINBRYTA, a subcutaneous treatment for relapsing forms of multiple sclerosis. The company sells its products to wholesalers, distributors, government agencies, health care facilities, specialty pharmacies, and independent retailers from its distribution centers and public warehouses. AbbVie Inc. has a strategic collaboration with Alector, Inc.; C2N Diagnostics; Voyager Therapeutics, Inc.; Janssen Biotech, Inc.; and International Myeloma Foundation. The company was incorporated in 2012 and is based in North Chicago, Illinois.
Industry, Sector and Symbol
Industry Pharmaceutical preparations
Trailing P/E Ratio17.78
Forward P/E Ratio12.77
Sales & Book Value
Annual Sales$28.22 billion
Price / Sales5.60
Cash Flow$6.5853 per share
Price / Cash15.12
Book Value$3.19 per share
Price / Book31.21
EPS (Most Recent Fiscal Year)$5.60
Net Income$5.31 billion
Return on Equity186.47%
Return on Assets14.42%
AbbVie (NYSE:ABBV) Frequently Asked Questions
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 Thursday, June 14th. Stockholders of record on Friday, July 13th will be given a dividend of $0.96 per share on Wednesday, August 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.86%. View AbbVie's Dividend History.
How will AbbVie's stock buyback program work?
AbbVie announced that its Board of Directors has approved a share repurchase program on Friday, February 16th 2018, which authorizes the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
How were AbbVie's earnings last quarter?
AbbVie Inc (NYSE:ABBV) released its quarterly earnings data on Thursday, April, 26th. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.79 by $0.08. The company earned $7.93 billion during the quarter, compared to analyst estimates of $7.60 billion. AbbVie had a net margin of 21.55% and a return on equity of 186.47%. AbbVie's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. View AbbVie's Earnings History.
When is AbbVie's next earnings date?
What guidance has AbbVie issued on next quarter's earnings?
AbbVie updated its FY18 earnings guidance on Thursday, April, 26th. The company provided EPS guidance of $7.66-7.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.53.
What price target have analysts set for ABBV?
17 equities research analysts have issued 1 year price objectives for AbbVie's stock. Their forecasts range from $65.61 to $157.00. On average, they anticipate AbbVie's stock price to reach $104.6150 in the next twelve months. View Analyst Ratings for AbbVie.
What are Wall Street 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 has been performing well based on strong demand trends, despite new competition. Moreover, Imbruvica has multibillion dollar potential and AbbVie is exploring the possibility of label expansion into solid tumors and autoimmune diseases. AbbVie’s shares have outperformed the industry in the past year supported by a series of positive news including promising data from several pivotal studies, regulatory approvals, including its competitive HCV medicine Mavyret and two approvals for Imbruvica and settlement of its Humira patent disputes with Amgen. In fact. Mavyret has become a major growth driver for AbbVie in a short time on the market. Also, several pivotal data readouts and regulatory milestones are expected in 2018. However, Viekira’s sales continue to be hurt by intensifying competition." (3/20/2018)
- 2. BMO Capital Markets analysts commented, "On its fiscal 3Q18 earnings call, MDT said it does not expect the first-in- human use of its surgical robot in the next couple of months as the company had intended. Recall, MDT had previously said that it expected to be in clinical use by end of its fiscal 2018." (2/15/2018)
Are investors shorting AbbVie?
AbbVie saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 43,501,770 shares, an increase of 80.5% from the May 15th total of 24,096,693 shares. Based on an average trading volume of 14,776,682 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.7% of the shares of the stock are sold short.
Who are some of AbbVie's key competitors?
Some companies that are related to AbbVie include Johnson & Johnson (JNJ), Pfizer (PFE), Novartis (NVS), Merck & Co., Inc. (MRK), Abbott Laboratories (ABT), Novo Nordisk A/S (NVO), Bayer (BAYRY), GlaxoSmithKline (GSK), Sanofi (SNY), Eli Lilly And Co (LLY), AstraZeneca (AZN), Bristol-Myers Squibb (BMY), Allergan (AGN), Celgene (CELG) and Shire (SHPG).
Who are AbbVie's key executives?
AbbVie's management team includes the folowing people:
- Mr. Richard A. Gonzalez, Chairman & CEO (Age 64)
- Mr. William J. Chase, Exec. VP & CFO (Age 50)
- Mr. Michael E. Severino, Exec. VP of R&D and Chief Scientific Officer (Age 52)
- Ms. Laura J. Schumacher, Exec. VP of External Affairs, Gen. Counsel & Corp. Sec. (Age 55)
- Mr. Carlos Alban, Exec. VP of Commercial Operations (Age 55)
Has AbbVie been receiving favorable news coverage?
News headlines about ABBV stock have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AbbVie earned a daily sentiment score of 0.11 on Accern's scale. They also gave media headlines about the company an impact score of 46.61 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are AbbVie's major shareholders?
AbbVie's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.30%), Northern Trust Corp (1.36%), Wells Fargo & Company MN (0.80%), Legal & General Group Plc (0.48%), LSV Asset Management (0.39%) and Schwab Charles Investment Management Inc. (0.38%). Company insiders that own AbbVie stock include Azita Saleki-Gerhardt, Carlos Alban, Edward J Rapp, Henry O Gosebruch, Laura J Schumacher, Michael Severino, Richard A Gonzalez, Robert A Michael, Timothy J Richmond and William J Chase. View Institutional Ownership Trends for AbbVie.
Which institutional investors are selling AbbVie stock?
ABBV stock was sold by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., Federated Investors Inc. PA, BlackRock Inc., Wells Fargo & Company MN, Prudential Financial Inc., Swiss National Bank, Legal & General Group Plc and Northern Trust Corp. Company insiders that have sold AbbVie company stock in the last year include Azita Saleki-Gerhardt, Carlos Alban, Henry O Gosebruch, Laura J Schumacher, Michael Severino, Richard A Gonzalez, Robert A Michael, Timothy J Richmond and William J Chase. View Insider Buying and Selling for AbbVie.
Which institutional investors are buying AbbVie stock?
ABBV stock was purchased by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, Mackay Shields LLC, Rock Springs Capital Management LP, SG Americas Securities LLC, Dimensional Fund Advisors LP, Caisse DE Depot ET Placement DU Quebec, Franklin Resources Inc. and ING Groep NV. View Insider Buying and Selling for AbbVie.
How do I buy shares of AbbVie?
Shares of ABBV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AbbVie's stock price today?
One share of ABBV stock can currently be purchased for approximately $99.57.
How big of a company is AbbVie?
AbbVie has a market capitalization of $158.01 billion and generates $28.22 billion in revenue each year. The company earns $5.31 billion in net income (profit) each year or $5.60 on an earnings per share basis. AbbVie employs 29,000 workers across the globe.
How can I contact AbbVie?
AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. The company can be reached via phone at 847-932-7900.
MarketBeat Community Rating for AbbVie (ABBV)MarketBeat's community ratings are surveys of what our community members think about AbbVie and other stocks. Vote "Outperform" if you believe ABBV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ABBV will underperform the S&P 500 over the long term. You may vote once every thirty days.
AbbVie (NYSE:ABBV) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
17 Wall Street analysts have issued ratings and price targets for AbbVie in the last 12 months. Their average twelve-month price target is $104.6150, suggesting that the stock has a possible upside of 5.07%. The high price target for ABBV is $157.00 and the low price target for ABBV is $65.61. There are currently 4 sell ratings, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Buy|
|Consensus Rating Score: ||2.12||2.38||2.40||2.60|
|Ratings Breakdown: ||4 Sell Rating(s)|
7 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
8 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
7 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$104.6150||$115.6667||$120.8571||$99.2143|
|Price Target Upside: ||5.07% upside||13.98% upside||1.21% upside||3.99% upside|
AbbVie (NYSE:ABBV) Consensus Price Target History
AbbVie (NYSE:ABBV) Analyst Ratings History
(Data available from 6/17/2016 forward)
AbbVie (NYSE:ABBV) Dividend Information
AbbVie pays an annual dividend of $3.84 per share, with a dividend yield of 3.86%. ABBV's next quarterly dividend payment will be made on Wednesday, August 15. The company has grown its dividend for the last 45 consecutive years and is increasing its dividend by an average of 15.50% each year. AbbVie pays out 68.57% of its earnings out as a dividend.
|Dividend Growth:||15.50% (3 Year Average)|
|Payout Ratio(s):||68.57% (Trailing 12 Months of Earnings) |
49.23% (Based on This Year's Estimates)
43.49% (Based on Next Year's Estimates)
58.31% (Based on Cash Flow)
|Track Record:||45 Years of Consecutive Dividend Growth|
AbbVie (NYSE:ABBV) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
AbbVie (NYSE ABBV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.07%
Institutional Ownership Percentage: 69.50%
AbbVie (NYSE ABBV) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/1/2018||Carlos Alban||EVP||Sell||83,574||$114.49||$9,568,387.26||133,026|| |
|3/1/2018||Laura J Schumacher||Insider||Sell||25,000||$117.85||$2,946,250.00||123,317|| |
|3/1/2018||William J Chase||CFO||Sell||70,928||$117.18||$8,311,343.04||203,391|| |
|2/28/2018||Richard A Gonzalez||Chairman||Sell||8,280||$117.88||$976,046.40||321,292|| |
|2/28/2018||Robert A Michael||VP||Sell||4,294||$119.43||$512,832.42||11,170|| |
|2/28/2018||Timothy J Richmond||SVP||Sell||18,129||$118.67||$2,151,368.43||35,717|| |
|2/20/2018||Robert A Michael||VP||Sell||992||$120.31||$119,347.52|| |
|12/18/2017||Timothy J Richmond||SVP||Sell||87,040||$98.45||$8,569,088.00||113,118|| |
|12/15/2017||Laura J Schumacher||Insider||Sell||145,510||$96.71||$14,072,272.10|| |
|11/21/2017||Richard A Gonzalez||Chairman||Sell||218,193||$94.01||$20,512,323.93||492,030|| |
|11/10/2017||Michael Severino||EVP||Sell||25,633||$94.69||$2,427,188.77||114,922|| |
|10/30/2017||Henry O Gosebruch||Insider||Sell||18,300||$90.55||$1,657,065.00||81,287|| |
|9/28/2017||Robert A Michael||VP||Sell||6,699||$88.00||$589,512.00||10,007|| |
|9/11/2017||Azita Saleki-Gerhardt||SVP||Sell||8,300||$85.02||$705,666.00||93,099|| |
|8/7/2017||Richard A Gonzalez||Chairman||Sell||193,131||$71.00||$13,712,301.00||469,623|| |
|8/4/2017||Richard A Gonzalez||Chairman||Sell||87,899||$71.02||$6,242,586.98||342,353|| |
|8/3/2017||Richard A Gonzalez||CEO||Sell||65,861||$71.00||$4,676,131.00||342,353|| |
|7/31/2017||Edward J Rapp||Director||Buy||4,000||$70.45||$281,800.00||15,498|| |
|7/31/2017||Henry O Gosebruch||Insider||Sell||18,000||$70.09||$1,261,620.00||96,074|| |
|6/14/2017||Carlos Alban||EVP||Sell||45,800||$70.00||$3,206,000.00||160,545|| |
|6/14/2017||Laura J Schumacher||Insider||Sell||79,800||$70.00||$5,586,000.00||187,625|| |
|5/19/2017||Richard A Gonzalez||Chairman||Sell||71,235||$65.49||$4,665,180.15||349,462|| |
|5/18/2017||William J Chase||CFO||Sell||38,300||$65.35||$2,502,905.00||209,043|| |
|5/4/2017||Carlos Alban||EVP||Sell||43,000||$67.00||$2,881,000.00||114,745|| |
|3/10/2017||Laura J Schumacher||Insider||Sell||40,000||$65.26||$2,610,400.00||147,415|| |
|3/10/2017||Robert A Michael||VP||Sell||5,132||$65.29||$335,068.28||16,706|| |
|3/10/2017||Timothy J Richmond||SVP||Sell||22,451||$65.29||$1,465,825.79||26,078|| |
|3/8/2017||Richard A Gonzalez||Chairman||Sell||72,016||$64.25||$4,627,028.00||369,113|| |
|12/2/2016||William J Chase||CFO||Sell||6,600||$59.19||$390,654.00||178,970|| |
|9/7/2016||Laura J Schumacher||Insider||Sell||50,000||$65.00||$3,250,000.00||144,138|| |
|6/24/2016||Laura J Schumacher||EVP||Sell||186,106||$60.03||$11,171,943.18||260,438|| |
|6/2/2016||Richard A Gonzalez||CEO||Sell||285,953||$63.82||$18,249,520.46||624,374|| |
|5/11/2016||Richard A Gonzalez||CEO||Sell||39,000||$63.80||$2,488,200.00||338,421|| |
|5/10/2016||Carlos Alban||EVP||Sell||47,438||$63.52||$3,013,261.76||149,444|| |
|5/10/2016||Thomas A Hurwich||VP||Sell||6,000||$63.59||$381,540.00||68,204|| |
|5/10/2016||Timothy J Richmond||SVP||Sell||21,583||$63.52||$1,370,952.16||44,615|| |
|3/8/2016||Laura J Schumacher||EVP||Sell||25,000||$56.09||$1,402,250.00||199,238|| |
|3/1/2016||Timothy J Richmond||SVP||Sell||12,866||$55.05||$708,273.30||79,064|| |
|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||395,403|| |
|3/3/2014||Azita Saleki-Gerhardt||SVP||Sell||2,443||$50.25||$122,760.75||85,828|| |
|3/3/2014||Carlos Alban||EVP||Sell||2,882||$50.09||$144,359.38||205,138|| |
|3/3/2014||William Chase||CFO||Sell||3,948||$50.22||$198,268.56||180,068|| |
|9/17/2013||Azita Saleki-Gerhardt||SVP||Sell||10,473||$45.84||$480,082.32||66,703|| |
|8/19/2013||Azita Saleki-Gerhardt||SVP||Sell||1,270||$43.01||$54,622.70||64,279|| |
|8/12/2013||Azita Saleki-Gerhardt||SVP||Sell||8,851||$44.91||$397,498.41||64,237|| |
|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|| |
AbbVie (NYSE ABBV) News Headlines
AbbVie (NYSE:ABBV) SEC Filings
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AbbVie (NYSE:ABBV) Income Statement, Balance Sheet and Cash Flow Statement
AbbVie (NYSE ABBV) Stock Chart for Sunday, June, 17, 2018