Private Trust Co Na buys $5,363,747 stake in AbbVie Inc (ABBV)

AbbVie Inc (ABBV) : Private Trust Co Na scooped up 3,938 additional shares in AbbVie Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 87,329 shares of AbbVie Inc which is valued at $5,363,747.AbbVie Inc makes up approximately 1.43% of Private Trust Co Na’s portfolio.

AbbVie Inc opened for trading at $61.3 and hit $61.99 on the upside on Friday, eventually ending the session at $61.42, with a gain of 0.08% or 0.05 points. The heightened volatility saw the trading volume jump to 51,03,024 shares. Company has a market cap of $98,962 M.

Other Hedge Funds, Including , Bennicas Associates reduced its stake in ABBV by selling 1,000 shares or 4.83% in the most recent quarter. The Hedge Fund company now holds 19,710 shares of ABBV which is valued at $1,210,588. AbbVie Inc makes up approx 1.12% of Bennicas Associates’s portfolio.Neville Rodie Shaw Inc reduced its stake in ABBV by selling 8,411 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 193,546 shares of ABBV which is valued at $11,517,922. AbbVie Inc makes up approx 1.38% of Neville Rodie Shaw Inc’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in ABBV in the latest quarter, The investment management firm added 1,822 additional shares and now holds a total of 121,686 shares of AbbVie Inc which is valued at $7,241,534. AbbVie Inc makes up approx 1.44% of Osborn Rohs Williams Donohoe Ltd’s portfolio. Independent Portfolio Consultants added ABBV to its portfolio by purchasing 12,005 company shares during the most recent quarter which is valued at $714,418. AbbVie Inc makes up approx 0.20% of Independent Portfolio Consultants’s portfolio.Toth Financial Advisory Corp boosted its stake in ABBV in the latest quarter, The investment management firm added 13,050 additional shares and now holds a total of 24,446 shares of AbbVie Inc which is valued at $1,430,091. AbbVie Inc makes up approx 0.47% of Toth Financial Advisory Corp’s portfolio.

On the company’s financial health, AbbVie Inc reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $1.12. The company had revenue of $6400.00 million for the quarter, compared to analysts expectations of $6382.82 million. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on AbbVie Inc. Societe Generale Initiated AbbVie Inc on Apr 6, 2016 to “Sell”, Price Target of the shares are set at $47.Deutsche Bank Initiated AbbVie Inc on Mar 15, 2016 to “Hold”, Price Target of the shares are set at $63.AbbVie Inc was Upgraded by Citigroup to ” Buy” on Feb 23, 2016.

AbbVie Inc. (AbbVie) is a global research-based biopharmaceutical company. The Company develops and markets therapies that address a range of diseases. The Company’s products are focused on treating conditions such as chronic autoimmune diseases including rheumatoid arthritis psoriasis and Crohn’s disease; hepatitis C (HCV); human immunodeficiency virus (HIV); endometriosis; thyroid disease; Parkinson’s disease; complications associated with chronic kidney disease and cystic fibrosis and other health conditions such as low testosterone. AbbVie also has a pipeline of new medicines including over 30 compounds or indications in Phase II or Phase III development across a range of medical specialties such as immunology virology/liver disease oncology renal disease neurological diseases and women’s health. The Company’s product portfolio includes HUMIRA HCV products Additional Virology products Metabolics/Hormones products Endocrinology products and other products.

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