AbbVie Inc (ABBV) : Rnc Capital Management scooped up 185,402 additional shares in AbbVie Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 613,283 shares of AbbVie Inc which is valued at $36,496,471.AbbVie Inc makes up approximately 3.56% of Rnc Capital Management’s portfolio.
AbbVie Inc opened for trading at $59.5 and hit $60.32 on the upside on Monday, eventually ending the session at $59.88, with a gain of 0.62% or 0.37 points. The heightened volatility saw the trading volume jump to 60,89,417 shares. Company has a market cap of $96,481 M.
Other Hedge Funds, Including , Culbertson A N Co Inc boosted its stake in ABBV in the latest quarter, The investment management firm added 317 additional shares and now holds a total of 82,517 shares of AbbVie Inc which is valued at $4,910,587. AbbVie Inc makes up approx 1.88% of Culbertson A N Co Inc’s portfolio.Naples Global Advisors boosted its stake in ABBV in the latest quarter, The investment management firm added 1,178 additional shares and now holds a total of 28,606 shares of AbbVie Inc which is valued at $1,702,343. AbbVie Inc makes up approx 0.71% of Naples Global Advisors’s portfolio.Grassi Investment Management reduced its stake in ABBV by selling 630 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 135,075 shares of ABBV which is valued at $8,038,313. AbbVie Inc makes up approx 1.57% of Grassi Investment Management’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.