Graybill Bartz & Assoc Ltd. purchased a new stake in AbbVie Inc (NYSE:ABBV) during the third quarter, according to its most recent filing with the SEC. The firm purchased 4,625 shares of the company’s stock, valued at approximately $350,000.
Several other large investors also recently made changes to their positions in the company. Bath Savings Trust Co grew its stake in AbbVie by 23.7% during the 2nd quarter. Bath Savings Trust Co now owns 9,198 shares of the company’s stock valued at $669,000 after purchasing an additional 1,760 shares during the last quarter. Cox Capital Mgt LLC grew its stake in AbbVie by 49.1% during the 2nd quarter. Cox Capital Mgt LLC now owns 33,178 shares of the company’s stock valued at $2,413,000 after purchasing an additional 10,921 shares during the last quarter. Thomasville National Bank grew its stake in AbbVie by 2.5% during the 2nd quarter. Thomasville National Bank now owns 45,013 shares of the company’s stock valued at $3,273,000 after purchasing an additional 1,118 shares during the last quarter. Park National Corp OH grew its stake in AbbVie by 1.8% during the 2nd quarter. Park National Corp OH now owns 305,685 shares of the company’s stock valued at $22,229,000 after purchasing an additional 5,472 shares during the last quarter. Finally, Pensionfund DSM Netherlands purchased a new stake in AbbVie during the 2nd quarter valued at about $4,080,000. Institutional investors and hedge funds own 68.22% of the company’s stock.
Several analysts have weighed in on the company. ValuEngine upgraded AbbVie from a “strong sell” rating to a “sell” rating in a research note on Monday, September 30th. Wolfe Research upgraded AbbVie from an “underperform” rating to a “peer perform” rating in a research note on Thursday, June 27th. Cowen set a $90.00 price target on AbbVie and gave the company a “buy” rating in a research note on Tuesday, September 24th. Citigroup upgraded AbbVie from a “neutral” rating to a “buy” rating and boosted their price target for the company from $87.00 to $90.00 in a research note on Thursday, September 26th. Finally, Leerink Swann upgraded AbbVie to a “buy” rating in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. AbbVie presently has an average rating of “Hold” and a consensus target price of $86.51.
Shares of ABBV stock opened at $76.80 on Friday. The stock has a market cap of $114.95 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99. The business has a 50-day simple moving average of $72.96 and a 200-day simple moving average of $73.53. AbbVie Inc has a 52-week low of $62.66 and a 52-week high of $94.98.
AbbVie (NYSE:ABBV) last issued its quarterly earnings data on Friday, July 26th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.05. The business had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $8.09 billion. AbbVie had a negative return on equity of 182.70% and a net margin of 12.62%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 EPS. As a group, research analysts expect that AbbVie Inc will post 8.93 EPS for the current year.
The firm also recently declared a — dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, October 15th will be issued a $1.07 dividend. The ex-dividend date is Friday, October 11th. This represents a yield of 6.4%. AbbVie’s payout ratio is 54.11%.
AbbVie Inc discovers, develops, manufactures, and sells pharmaceutical products in the United States, Japan, Germany, Canada, Italy, Spain, the Netherlands, the United Kingdom, Brazil, and internationally. The company offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behçet's diseases; IMBRUVICA to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), mantle cell lymphoma, waldenström's macroglobulinemia, marginal zone lymphoma, and chronic graft versus host disease; VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; VIEKIRA PAK, an interferon-free therapy to treat adults with genotype 1 chronic hepatitis C virus (HCV); TECHNIVIE to treat adults with genotype 4 HCV infection; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection.
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