AbbVie Inc (ABBV) : Fayerweather Charles reduced its stake in AbbVie Inc by 0.37% during the most recent quarter end. The investment management company now holds a total of 13,375 shares of AbbVie Inc which is valued at $895,456 after selling 50 shares in AbbVie Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.AbbVie Inc makes up approximately 1.21% of Fayerweather Charles’s portfolio.
Other Hedge Funds, Including , Gerstein Fisher boosted its stake in ABBV in the latest quarter, The investment management firm added 2,267 additional shares and now holds a total of 46,761 shares of AbbVie Inc which is valued at $3,130,649. AbbVie Inc makes up approx 0.40% of Gerstein Fisher’s portfolio.Thompson Siegel Walmsley reduced its stake in ABBV by selling 28 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 8,368 shares of ABBV which is valued at $556,807. AbbVie Inc makes up approx 0.01% of Thompson Siegel Walmsley’s portfolio. E&g Advisors Lp added ABBV to its portfolio by purchasing 11,000 company shares during the most recent quarter which is valued at $713,900. AbbVie Inc makes up approx 0.42% of E&g Advisors Lp’s portfolio.Duncker Streett Co Inc boosted its stake in ABBV in the latest quarter, The investment management firm added 551 additional shares and now holds a total of 57,185 shares of AbbVie Inc which is valued at $3,648,975. AbbVie Inc makes up approx 1.26% of Duncker Streett Co Inc’s portfolio.James Investment Research Inc reduced its stake in ABBV by selling 105 shares or 52.5% in the most recent quarter. The Hedge Fund company now holds 95 shares of ABBV which is valued at $6,038.
AbbVie Inc opened for trading at $67.47 and hit $68.1239 on the upside on Monday, eventually ending the session at $67.39, with a gain of 0.30% or 0.2 points. The heightened volatility saw the trading volume jump to 52,15,360 shares. Company has a market cap of $109,747 M.
On the company’s financial health, AbbVie Inc reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $1.20. The company had revenue of $6452.00 million for the quarter, compared to analysts expectations of $6207.43 million. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on AbbVie Inc. AbbVie Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 8, 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.