Rathbones Group PLC Lowers Stock Position in AbbVie Inc. $ABBV

Rathbones Group PLC lowered its position in shares of AbbVie Inc. (NYSE:ABBVFree Report) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,844 shares of the company’s stock after selling 4,791 shares during the period. Rathbones Group PLC’s holdings in AbbVie were worth $15,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kaizen Financial Strategies lifted its position in AbbVie by 2.0% during the fourth quarter. Kaizen Financial Strategies now owns 4,139 shares of the company’s stock valued at $946,000 after buying an additional 81 shares during the period. Capital Advisors Wealth Management LLC increased its holdings in shares of AbbVie by 4.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 12,511 shares of the company’s stock valued at $2,859,000 after acquiring an additional 504 shares in the last quarter. Trueblood Wealth Management LLC increased its holdings in shares of AbbVie by 40.8% during the fourth quarter. Trueblood Wealth Management LLC now owns 9,642 shares of the company’s stock valued at $2,203,000 after acquiring an additional 2,793 shares in the last quarter. Buffalo Business & Estate Services Ltd. bought a new position in shares of AbbVie during the fourth quarter valued at $251,000. Finally, Leo Wealth LLC increased its holdings in shares of AbbVie by 21.7% during the fourth quarter. Leo Wealth LLC now owns 15,388 shares of the company’s stock valued at $3,516,000 after acquiring an additional 2,739 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Trending Headlines about AbbVie

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays assumed coverage on shares of AbbVie in a report on Thursday, February 19th. They issued an “overweight” rating and a $275.00 target price for the company. HSBC raised shares of AbbVie from a “hold” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $265.00 in a report on Wednesday, December 10th. Citigroup decreased their target price on shares of AbbVie from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AbbVie in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $223.00 target price on shares of AbbVie in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AbbVie has a consensus rating of “Moderate Buy” and an average price target of $253.15.

Check Out Our Latest Stock Analysis on AbbVie

Insider Transactions at AbbVie

In other AbbVie news, SVP David Ryan Purdue sold 5,230 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $233.56, for a total value of $1,221,518.80. Following the completion of the transaction, the senior vice president owned 2,654 shares of the company’s stock, valued at approximately $619,868.24. The trade was a 66.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Perry C. Siatis sold 22,381 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $230.00, for a total value of $5,147,630.00. Following the completion of the transaction, the executive vice president directly owned 38,137 shares of the company’s stock, valued at approximately $8,771,510. This trade represents a 36.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is currently owned by insiders.

AbbVie Stock Performance

Shares of NYSE:ABBV opened at $206.62 on Tuesday. AbbVie Inc. has a fifty-two week low of $164.39 and a fifty-two week high of $244.81. The business has a 50-day simple moving average of $221.30 and a two-hundred day simple moving average of $224.39. The firm has a market cap of $365.35 billion, a price-to-earnings ratio of 87.55, a price-to-earnings-growth ratio of 0.73 and a beta of 0.38.

AbbVie (NYSE:ABBVGet Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.06. AbbVie had a negative return on equity of 1,579.75% and a net margin of 6.91%.The business had revenue of $16.62 billion during the quarter, compared to analyst estimates of $16.39 billion. During the same quarter in the previous year, the firm earned $2.16 EPS. AbbVie’s revenue was up 10.0% on a year-over-year basis. AbbVie has set its FY 2026 guidance at 14.370-14.570 EPS and its Q1 2026 guidance at 2.970-3.010 EPS. As a group, research analysts predict that AbbVie Inc. will post 12.31 earnings per share for the current year.

AbbVie Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Wednesday, April 15th will be given a $1.73 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $6.92 dividend on an annualized basis and a yield of 3.3%. AbbVie’s payout ratio is 293.22%.

AbbVie Profile

(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.

Further Reading

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Institutional Ownership by Quarter for AbbVie (NYSE:ABBV)

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