AbbVie Inc (ABBV) : Jupiter Asset Management Ltd reduced its stake in AbbVie Inc by 6.45% during the most recent quarter end. The investment management company now holds a total of 744,113 shares of AbbVie Inc which is valued at $49,996,952 after selling 51,342 shares in AbbVie Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.AbbVie Inc makes up approximately 2.01% of Jupiter Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Clifford Swan Investment Counsel reduced its stake in ABBV by selling 7,616 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 202,851 shares of ABBV which is valued at $13,629,559. AbbVie Inc makes up approx 0.92% of Clifford Swan Investment Counsel’s portfolio.I.g. Investment Management Ltd. boosted its stake in ABBV in the latest quarter, The investment management firm added 68,796 additional shares and now holds a total of 669,562 shares of AbbVie Inc which is valued at $44,552,655. AbbVie Inc makes up approx 0.17% of I.g. Investment Management Ltd.’s portfolio.Agran Libbie boosted its stake in ABBV in the latest quarter, The investment management firm added 525 additional shares and now holds a total of 47,133 shares of AbbVie Inc which is valued at $3,058,932. AbbVie Inc makes up approx 0.74% of Agran Libbie’s portfolio.Northwest Investment Counselors reduced its stake in ABBV by selling 727 shares or 6.72% in the most recent quarter. The Hedge Fund company now holds 10,087 shares of ABBV which is valued at $643,651. AbbVie Inc makes up approx 0.34% of Northwest Investment Counselors’s portfolio.
AbbVie Inc opened for trading at $66.57 and hit $67.18 on the upside on Friday, eventually ending the session at $67.1, with a gain of 0.49% or 0.33 points. The heightened volatility saw the trading volume jump to 67,09,360 shares. Company has a market cap of $109,275 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.