Lvm Capital Management Ltdmi buys $11.6 Million stake in AbbVie Inc (ABBV)

AbbVie Inc (ABBV) : Lvm Capital Management Ltdmi scooped up 15,000 additional shares in AbbVie Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 197,650 shares of AbbVie Inc which is valued at $11.6 Million.AbbVie Inc makes up approximately 3.68% of Lvm Capital Management Ltdmi’s portfolio.

Other Hedge Funds, Including , Renaissance Investment Group reduced its stake in ABBV by selling 598 shares or 7.03% in the most recent quarter. The Hedge Fund company now holds 7,910 shares of ABBV which is valued at $454,192. AbbVie Inc makes up approx 0.23% of Renaissance Investment Group’s portfolio.Beacon Financial Group boosted its stake in ABBV in the latest quarter, The investment management firm added 1,856 additional shares and now holds a total of 12,865 shares of AbbVie Inc which is valued at $738,708. AbbVie Inc makes up approx 0.16% of Beacon Financial Group’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 opened for trading at $58.59 and hit $59.25 on the upside on Monday, eventually ending the session at $58.5, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 48,93,954 shares. Company has a market cap of $94,257 M.

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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