Gulf International Bank (uk) Ltd buys $30,111,728 stake in AbbVie Inc (ABBV)

AbbVie Inc (ABBV) : Gulf International Bank (uk) Ltd scooped up 5,200 additional shares in AbbVie Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 492,424 shares of AbbVie Inc which is valued at $30,111,728.AbbVie Inc makes up approximately 0.50% of Gulf International Bank (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Private Trust Co Na reduced its stake in ABBV by selling 5,348 shares or 5.87% in the most recent quarter. The Hedge Fund company now holds 85,685 shares of ABBV which is valued at $5,239,638. AbbVie Inc makes up approx 1.30% of Private Trust Co Na’s portfolio.Oakwood Capital Managementca reduced its stake in ABBV by selling 1,862 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 97,573 shares of ABBV which is valued at $6,087,579. AbbVie Inc makes up approx 1.59% of Oakwood Capital Managementca’s portfolio.Terra Nova Asset Management reduced its stake in ABBV by selling 8,575 shares or 25.45% in the most recent quarter. The Hedge Fund company now holds 25,121 shares of ABBV which is valued at $1,567,299. AbbVie Inc makes up approx 3.48% of Terra Nova Asset Management’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in ABBV by selling 4,677 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 124,889 shares of ABBV which is valued at $7,791,825. AbbVie Inc makes up approx 1.52% of Osborn Rohs Williams Donohoe Ltd’s portfolio. Acropolis Investment Management sold out all of its stake in ABBV during the most recent quarter. The investment firm sold 1,711 shares of ABBV which is valued $108,460.

AbbVie Inc closed down -0.92 points or -1.45% at $62.39 with 53,08,425 shares getting traded on Tuesday. Post opening the session at $63.08, the shares hit an intraday low of $62.05 and an intraday high of $63.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 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.

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