AbbVie Inc (ABBV) : Iab Financial Bank scooped up 1,205 additional shares in AbbVie Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 38,820 shares of AbbVie Inc which is valued at $2,461,576.AbbVie Inc makes up approximately 1.51% of Iab Financial Bank’s portfolio.
Other Hedge Funds, Including , Garland Capital Management Inc boosted its stake in ABBV in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 63,135 shares of AbbVie Inc which is valued at $4,003,390. AbbVie Inc makes up approx 3.09% of Garland Capital Management Inc’s portfolio.Regent Investment Management boosted its stake in ABBV in the latest quarter, The investment management firm added 2,194 additional shares and now holds a total of 14,123 shares of AbbVie Inc which is valued at $897,658. AbbVie Inc makes up approx 0.47% of Regent Investment Management’s portfolio. Acropolis Investment Management added ABBV to its portfolio by purchasing 1,711 company shares during the most recent quarter which is valued at $108,751. AbbVie Inc makes up approx 0.02% of Acropolis Investment Management’s portfolio.Boyd Watterson Asset Managementoh boosted its stake in ABBV in the latest quarter, The investment management firm added 9,319 additional shares and now holds a total of 41,655 shares of AbbVie Inc which is valued at $2,647,592. AbbVie Inc makes up approx 1.28% of Boyd Watterson Asset Managementoh’s portfolio.M. Kraus Co reduced its stake in ABBV by selling 110 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 70,835 shares of ABBV which is valued at $4,544,774. AbbVie Inc makes up approx 2.66% of M. Kraus Co’s portfolio.
AbbVie Inc opened for trading at $63.57 and hit $63.9 on the upside on Wednesday, eventually ending the session at $63.41, with a gain of 0.14% or 0.09 points. The heightened volatility saw the trading volume jump to 75,02,821 shares. Company has a market cap of $102,557 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. 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.