AbbVie Inc (ABBV) : Barbara Oil scooped up 2,500 additional shares in AbbVie Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 20,000 shares of AbbVie Inc which is valued at $1,339,000.AbbVie Inc makes up approximately 1.05% of Barbara Oil’s portfolio.
Other Hedge Funds, Including , Chicago Partners Investment Group boosted its stake in ABBV in the latest quarter, The investment management firm added 1,201 additional shares and now holds a total of 1,329 shares of AbbVie Inc which is valued at $88,977. AbbVie Inc makes up approx 0.04% of Chicago Partners Investment Group’s portfolio.Qci Asset Management Incny boosted its stake in ABBV in the latest quarter, The investment management firm added 3,537 additional shares and now holds a total of 179,916 shares of AbbVie Inc which is valued at $11,971,611. AbbVie Inc makes up approx 1.63% of Qci Asset Management Incny’s portfolio.Stonebridge Capital Management Inc reduced its stake in ABBV by selling 500 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 17,233 shares of ABBV which is valued at $1,118,422. AbbVie Inc makes up approx 0.49% of Stonebridge Capital Management Inc’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in ABBV by selling 609,110 shares or 88.58% in the most recent quarter. The Hedge Fund company now holds 78,560 shares of ABBV which is valued at $5,098,544. AbbVie Inc makes up approx 0.13% of Candriam Luxembourg S.c.a.’s portfolio.Hartford Investment Management Co reduced its stake in ABBV by selling 9,851 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 401,264 shares of ABBV which is valued at $25,604,656. AbbVie Inc makes up approx 0.52% of Hartford Investment Management Co’s portfolio.
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.