Capital International Ltd. CA Acquires 6,332 Shares of AbbVie Inc. $ABBV

Capital International Ltd. CA increased its holdings in AbbVie Inc. (NYSE:ABBVFree Report) by 33.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 25,292 shares of the company’s stock after buying an additional 6,332 shares during the period. Capital International Ltd. CA’s holdings in AbbVie were worth $5,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ABBV. Chelsea Counsel Co. purchased a new position in AbbVie in the third quarter valued at approximately $26,000. Westend Capital Management LLC purchased a new position in AbbVie in the fourth quarter valued at approximately $29,000. Texas Capital Bancshares Inc TX purchased a new position in AbbVie in the third quarter valued at approximately $31,000. Legacy Wealth Managment LLC ID lifted its stake in AbbVie by 115.9% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the company’s stock valued at $31,000 after purchasing an additional 73 shares during the last quarter. Finally, WestEnd Advisors LLC lifted its stake in AbbVie by 160.4% in the fourth quarter. WestEnd Advisors LLC now owns 138 shares of the company’s stock valued at $32,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ABBV shares. Piper Sandler upped their price objective on AbbVie from $294.00 to $298.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Guggenheim reiterated a “buy” rating and issued a $249.00 price objective on shares of AbbVie in a research note on Friday, May 1st. Wall Street Zen downgraded AbbVie from a “strong-buy” rating to a “buy” rating in a research note on Sunday. DZ Bank upgraded AbbVie from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Evercore set a $235.00 target price on AbbVie in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, AbbVie has a consensus rating of “Moderate Buy” and an average target price of $253.43.

View Our Latest Report on ABBV

AbbVie Stock Performance

Shares of ABBV stock opened at $227.68 on Friday. AbbVie Inc. has a 52-week low of $181.73 and a 52-week high of $244.81. The company has a market capitalization of $402.27 billion, a PE ratio of 112.16, a price-to-earnings-growth ratio of 0.69 and a beta of 0.32. The business’s fifty day moving average is $209.85 and its 200 day moving average is $219.36.

AbbVie (NYSE:ABBVGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.06. The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.72 billion. AbbVie had a negative return on equity of 576.45% and a net margin of 5.79%.The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.46 earnings per share. On average, sell-side analysts forecast that AbbVie Inc. will post 14.3 EPS for the current fiscal year.

Key AbbVie News

Here are the key news stories impacting AbbVie this week:

About AbbVie

(Free Report)

AbbVie is a global, research-driven biopharmaceutical company that was created as a spin-off from Abbott Laboratories in 2013 and is headquartered in North Chicago, Illinois. The company focuses on discovering, developing and commercializing therapies for complex and often chronic medical conditions. Its operations span research and development, manufacturing, regulatory affairs and commercialization, with an emphasis on bringing specialty medicines to market across multiple therapeutic areas.

AbbVie’s product portfolio and pipeline cover several major therapeutic categories, including immunology, oncology, neuroscience, virology and women’s health.

See Also

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Institutional Ownership by Quarter for AbbVie (NYSE:ABBV)

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