AbbVie Inc (ABBV) : Hendershot Investments scooped up 7,355 additional shares in AbbVie Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 145,643 shares of AbbVie Inc which is valued at $9,104,144.AbbVie Inc makes up approximately 4.68% of Hendershot Investments’s portfolio.
AbbVie Inc opened for trading at $62 and hit $62.745 on the upside on Friday, eventually ending the session at $62.51, with a gain of 0.27% or 0.17 points. The heightened volatility saw the trading volume jump to 1,08,80,707 shares. Company has a market cap of $100,718 M.
Other Hedge Funds, Including , Harel Insurance Investments Financial Services Ltd. reduced its stake in ABBV by selling 1,030 shares or 24.52% in the most recent quarter. The Hedge Fund company now holds 3,170 shares of ABBV which is valued at $198,157. AbbVie Inc makes up approx 0.02% of Harel Insurance Investments Financial Services Ltd.’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in ABBV in the latest quarter, The investment management firm added 129,988 additional shares and now holds a total of 687,670 shares of AbbVie Inc which is valued at $41,947,870. AbbVie Inc makes up approx 1.05% of Candriam Luxembourg S.c.a.’s portfolio.Wade G W Inc reduced its stake in ABBV by selling 3,327 shares or 26.69% in the most recent quarter. The Hedge Fund company now holds 9,137 shares of ABBV which is valued at $557,357. AbbVie Inc makes up approx 0.11% of Wade G W Inc’s portfolio.New York State Teachers Retirement System boosted its stake in ABBV in the latest quarter, The investment management firm added 30,239 additional shares and now holds a total of 3,188,423 shares of AbbVie Inc which is valued at $195,832,941. AbbVie Inc makes up approx 0.51% of New York State Teachers Retirement System’s portfolio.
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.