AbbVie Inc (ABBV) : Seaward Management Limited Partnership reduced its stake in AbbVie Inc by 0.97% during the most recent quarter end. The investment management company now holds a total of 180,587 shares of AbbVie Inc which is valued at $11,091,654 after selling 1,776 shares in AbbVie Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.AbbVie Inc makes up approximately 0.59% of Seaward Management Limited Partnership’s portfolio.
AbbVie Inc closed down -0.23 points or -0.38% at $60.7 with 66,79,223 shares getting traded on Wednesday. Post opening the session at $60.93, the shares hit an intraday low of $60.25 and an intraday high of $61.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in ABBV by selling 5,579 shares or 86.72% in the most recent quarter. The Hedge Fund company now holds 854 shares of ABBV which is valued at $52,453. Beacon Capital Management sold out all of its stake in ABBV during the most recent quarter. The investment firm sold 5 shares of ABBV which is valued $307.Tnb Financial boosted its stake in ABBV in the latest quarter, The investment management firm added 8,263 additional shares and now holds a total of 28,453 shares of AbbVie Inc which is valued at $1,693,238. AbbVie Inc makes up approx 0.51% of Tnb Financial’s portfolio. Donald L. Hagan added ABBV to its portfolio by purchasing 1,209 company shares during the most recent quarter which is valued at $71,948. AbbVie Inc makes up approx 0.07% of Donald L. Hagan’s portfolio.Eagle Asset Management Inc reduced its stake in ABBV by selling 66 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 36,703 shares of ABBV which is valued at $2,147,126. AbbVie Inc makes up approx 0.02% of Eagle Asset Management Inc’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.