AbbVie Inc (ABBV) : Cwm reduced its stake in AbbVie Inc by 11.76% during the most recent quarter end. The investment management company now holds a total of 269,525 shares of AbbVie Inc which is valued at $16,554,226 after selling 35,912 shares in AbbVie Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.AbbVie Inc makes up approximately 1.43% of Cwm’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 , Davis R M Inc reduced its stake in ABBV by selling 1,013 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 27,007 shares of ABBV which is valued at $1,658,770. AbbVie Inc makes up approx 0.08% of Davis R M Inc’s portfolio.Trust Co Of Toledo Na Oh reduced its stake in ABBV by selling 75 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 51,399 shares of ABBV which is valued at $3,058,754. AbbVie Inc makes up approx 0.91% of Trust Co Of Toledo Na Oh’s portfolio.Daniel Devine Co boosted its stake in ABBV in the latest quarter, The investment management firm added 14,200 additional shares and now holds a total of 46,180 shares of AbbVie Inc which is valued at $2,748,172. AbbVie Inc makes up approx 1.76% of Daniel Devine Co’s portfolio.Oakwood Capital Managementca boosted its stake in ABBV in the latest quarter, The investment management firm added 7,160 additional shares and now holds a total of 100,665 shares of AbbVie Inc which is valued at $5,990,574. AbbVie Inc makes up approx 1.57% of Oakwood Capital Managementca’s portfolio.Stock Yards Bank Trust Co boosted its stake in ABBV in the latest quarter, The investment management firm added 716 additional shares and now holds a total of 74,909 shares of AbbVie Inc which is valued at $4,382,177. AbbVie Inc makes up approx 0.63% of Stock Yards Bank Trust Co’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.