AbbVie Inc. (NYSE:ABBV) EVP Michael Severino sold 25,633 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $94.69, for a total transaction of $2,427,188.77. Following the transaction, the executive vice president now owns 114,922 shares in the company, valued at approximately $10,881,964.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of AbbVie Inc. (ABBV) opened at $94.75 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 5.08. AbbVie Inc. has a 1-year low of $58.60 and a 1-year high of $98.26. The firm has a market cap of $151,852.42, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.51.

AbbVie (NYSE:ABBV) last issued its quarterly earnings results on Friday, October 27th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $7 billion. AbbVie had a net margin of 24.38% and a return on equity of 153.80%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. equities research analysts predict that AbbVie Inc. will post 5.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 12th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.00%. This is an increase from AbbVie’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, January 11th. AbbVie’s dividend payout ratio (DPR) is presently 62.29%.

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Several research analysts have recently commented on the stock. BidaskClub upgraded shares of AbbVie from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Investment Research lowered shares of AbbVie from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks, Inc. restated a “buy” rating on shares of AbbVie in a research note on Monday, October 30th. Leerink Swann dropped their price target on shares of AbbVie from $108.00 to $107.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Finally, BMO Capital Markets set a $66.00 price target on shares of AbbVie and gave the stock a “hold” rating in a research note on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $93.68.

Large investors have recently added to or reduced their stakes in the company. Bristlecone Advisors LLC bought a new position in shares of AbbVie during the 3rd quarter worth about $113,000. Acropolis Investment Management LLC bought a new position in shares of AbbVie during the 2nd quarter worth about $106,000. Ffcm LLC lifted its holdings in shares of AbbVie by 167.2% during the 2nd quarter. Ffcm LLC now owns 1,539 shares of the company’s stock worth $111,000 after acquiring an additional 963 shares during the period. Hudock Capital Group LLC lifted its holdings in shares of AbbVie by 109.5% during the 2nd quarter. Hudock Capital Group LLC now owns 1,542 shares of the company’s stock worth $111,000 after acquiring an additional 806 shares during the period. Finally, Hershey Trust Co. bought a new position in shares of AbbVie during the 3rd quarter worth about $139,000. 68.16% of the stock is owned by institutional investors.

AbbVie Company Profile

AbbVie Inc (AbbVie) is a research-based biopharmaceutical company. The Company is engaged in the discovery, development, manufacture and sale of a range of pharmaceutical products. Its products are focused on treating conditions, such as chronic autoimmune diseases in rheumatology, gastroenterology and dermatology; oncology, including blood cancers; virology, including hepatitis C virus (HCV) and human immunodeficiency virus (HIV); neurological disorders, such as Parkinson’s disease and multiple sclerosis; metabolic diseases, including thyroid disease and complications associated with cystic fibrosis, and other serious health conditions.

Insider Buying and Selling by Quarter for AbbVie (NYSE:ABBV)

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