AbbVie Inc (ABBV) : Marble Harbor Investment Counsel scooped up 2,870 additional shares in AbbVie Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 203,927 shares of AbbVie Inc which is valued at $12,747,477.AbbVie Inc makes up approximately 3.22% of Marble Harbor Investment Counsel’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd added ABBV to its portfolio by purchasing 15,249 company shares during the most recent quarter which is valued at $953,215. AbbVie Inc makes up approx 0.08% of Bluecrest Capital Management Ltd’s portfolio.Callahan Advisors reduced its stake in ABBV by selling 270 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 11,299 shares of ABBV which is valued at $689,239. AbbVie Inc makes up approx 0.19% of Callahan Advisors’s portfolio. Moisand Fitzgerald Tamayo sold out all of its stake in ABBV during the most recent quarter. The investment firm sold 27 shares of ABBV which is valued $1,647.Louisiana State Employees Retirement System reduced its stake in ABBV by selling 6,700 shares or 5.85% in the most recent quarter. The Hedge Fund company now holds 107,800 shares of ABBV which is valued at $6,575,800. AbbVie Inc makes up approx 0.34% of Louisiana State Employees Retirement System’s portfolio.
AbbVie Inc opened for trading at $63.51 and hit $63.76 on the upside on Tuesday, eventually ending the session at $63.74, with a gain of 0.06% or 0.04 points. The heightened volatility saw the trading volume jump to 1,21,03,393 shares. Company has a market cap of $103,090 M.
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.