First National Bank Sioux Falls Lowers stake in AbbVie Inc (ABBV)

AbbVie Inc (ABBV) : First National Bank Sioux Falls reduced its stake in AbbVie Inc by 2.24% during the most recent quarter end. The investment management company now holds a total of 3,927 shares of AbbVie Inc which is valued at $245,477 after selling 90 shares in AbbVie Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.AbbVie Inc makes up approximately 0.82% of First National Bank Sioux Falls’s portfolio.

Other Hedge Funds, Including , Cypress Asset Management Inctx boosted its stake in ABBV in the latest quarter, The investment management firm added 105 additional shares and now holds a total of 29,028 shares of AbbVie Inc which is valued at $1,814,540. AbbVie Inc makes up approx 0.36% of Cypress Asset Management Inctx’s portfolio.Dupont Capital Management Corp boosted its stake in ABBV in the latest quarter, The investment management firm added 32,052 additional shares and now holds a total of 123,887 shares of AbbVie Inc which is valued at $7,557,107. AbbVie Inc makes up approx 0.17% of Dupont Capital Management Corp’s portfolio.Factory Mutual Insurance Co boosted its stake in ABBV in the latest quarter, The investment management firm added 154,000 additional shares and now holds a total of 524,100 shares of AbbVie Inc which is valued at $31,970,100. AbbVie Inc makes up approx 0.41% of Factory Mutual Insurance Co’s portfolio.

AbbVie Inc opened for trading at $63.51 and hit $63.76 on the upside on Tuesday, eventually ending the session at $63.74, with a gain of 0.06% or 0.04 points. The heightened volatility saw the trading volume jump to 1,21,03,393 shares. Company has a market cap of $103,090 M.

On the company’s financial health, AbbVie Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.14. The company had revenue of $5958.00 million for the quarter, compared to analysts expectations of $5978.41 million. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 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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