AbbVie Inc. $ABBV Stock Holdings Increased by CX Institutional

CX Institutional lifted its holdings in AbbVie Inc. (NYSE:ABBVFree Report) by 30.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,402 shares of the company’s stock after purchasing an additional 20,097 shares during the quarter. CX Institutional’s holdings in AbbVie were worth $19,774,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Marshall & Sullivan Inc. WA acquired a new position in AbbVie during the 2nd quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new position in shares of AbbVie in the second quarter valued at approximately $26,000. Spurstone Advisory Services LLC acquired a new position in shares of AbbVie during the second quarter valued at approximately $28,000. Financial Gravity Companies Inc. acquired a new position in shares of AbbVie during the second quarter valued at approximately $36,000. Finally, Bear Mountain Capital Inc. raised its holdings in AbbVie by 480.6% during the second quarter. Bear Mountain Capital Inc. now owns 209 shares of the company’s stock worth $40,000 after purchasing an additional 173 shares in the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ABBV. Erste Group Bank cut AbbVie from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. BMO Capital Markets raised their target price on AbbVie from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Guggenheim boosted their price target on shares of AbbVie from $227.00 to $242.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Evercore ISI raised their price objective on shares of AbbVie from $207.00 to $222.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Finally, UBS Group started coverage on shares of AbbVie in a research note on Wednesday. They issued a “neutral” rating and a $240.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $246.89.

Read Our Latest Report on AbbVie

AbbVie Trading Up 4.3%

NYSE ABBV opened at $233.65 on Thursday. The stock’s 50-day moving average price is $226.63 and its two-hundred day moving average price is $214.80. The company has a market cap of $412.95 billion, a PE ratio of 177.01, a PEG ratio of 0.94 and a beta of 0.36. AbbVie Inc. has a 1 year low of $164.39 and a 1 year high of $244.81.

AbbVie (NYSE:ABBVGet Free Report) last released its earnings results on Friday, October 31st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.09. AbbVie had a net margin of 4.00% and a return on equity of 3,216.47%. The business had revenue of $15.78 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm posted $3.00 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. AbbVie has set its Q4 2025 guidance at 3.320-3.360 EPS. Research analysts forecast that AbbVie Inc. will post 12.31 EPS for the current fiscal year.

AbbVie Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 16th will be paid a dividend of $1.73 per share. This is an increase from AbbVie’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.92 annualized dividend and a yield of 3.0%. AbbVie’s dividend payout ratio (DPR) is presently 496.97%.

Trending Headlines about AbbVie

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About AbbVie

(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.

Further Reading

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Institutional Ownership by Quarter for AbbVie (NYSE:ABBV)

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