Nadler Financial Group buys $703,054 stake in AbbVie Inc (ABBV)

AbbVie Inc (ABBV) : Nadler Financial Group scooped up 1,369 additional shares in AbbVie Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 11,172 shares of AbbVie Inc which is valued at $703,054.AbbVie Inc makes up approximately 0.28% of Nadler Financial Group’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in ABBV in the latest quarter, The investment management firm added 5,555 additional shares and now holds a total of 9,290 shares of AbbVie Inc which is valued at $584,620. AbbVie Inc makes up approx 0.11% of Advisory Services Network’s portfolio.North Star Asset Management Inc reduced its stake in ABBV by selling 1,516 shares or 8.43% in the most recent quarter. The Hedge Fund company now holds 16,470 shares of ABBV which is valued at $1,044,033. AbbVie Inc makes up approx 0.12% of North Star Asset Management Inc’s portfolio.Summit Financial Wealth Advisors boosted its stake in ABBV in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 54,289 shares of AbbVie Inc which is valued at $3,441,380. AbbVie Inc makes up approx 1.50% of Summit Financial Wealth Advisors’s portfolio.

AbbVie Inc opened for trading at $63.1 and hit $63.58 on the upside on Friday, eventually ending the session at $62.93, with a gain of 0.16% or 0.1 points. The heightened volatility saw the trading volume jump to 38,12,671 shares. Company has a market cap of $102,484 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.

Investors should note that on Sep 9, 2016, AbbVie Inc announced a cash dividend of $0.5700. The company’s management has announced Oct 12, 2016 as the ex-dividend date and fixed the record date on Oct 14, 2016. The payable date has been fixed on Nov 15, 2016.

Many Wall Street Analysts have commented on AbbVie Inc. AbbVie Inc was Downgraded by JP Morgan to ” Neutral” on Sep 8, 2016. Raymond James Initiated AbbVie Inc on Sep 2, 2016 to “Outperform”, Price Target of the shares are set at $82.

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.

Leave a Reply

AbbVie Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on AbbVie Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.