Jaffetilchin Investment Partners LLC raised its holdings in AbbVie Inc (NYSE:ABBV) by 15.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,286 shares of the company’s stock after acquiring an additional 1,751 shares during the quarter. Jaffetilchin Investment Partners LLC owned 8.33% of AbbVie worth $1,181,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bristlecone Advisors LLC bought a new position in shares of AbbVie during the 3rd quarter valued at about $113,000. Acropolis Investment Management LLC bought a new position in shares of AbbVie during the 2nd quarter valued at about $106,000. Ffcm LLC increased its position in shares of AbbVie by 167.2% during the 2nd quarter. Ffcm LLC now owns 1,539 shares of the company’s stock valued at $111,000 after purchasing an additional 963 shares during the last quarter. Hudock Capital Group LLC increased its position 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 valued at $111,000 after purchasing an additional 806 shares during the last quarter. Finally, Hershey Trust Co. bought a new position in shares of AbbVie during the 3rd quarter valued at about $139,000. 69.19% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on ABBV shares. Zacks Investment Research upgraded AbbVie from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Tuesday, October 17th. BidaskClub lowered AbbVie from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 25th. Deutsche Bank increased their price objective on AbbVie to $88.00 and gave the company a “hold” rating in a research report on Thursday, September 28th. Vetr upgraded AbbVie from a “buy” rating to a “strong-buy” rating and set a $113.08 price objective on the stock in a research report on Wednesday, December 20th. Finally, Cowen upgraded AbbVie from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $91.17 to $105.00 in a research report on Wednesday, October 11th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $100.94.

In other news, Chairman Richard A. Gonzalez sold 218,193 shares of AbbVie stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $94.01, for a total value of $20,512,323.93. Following the sale, the chairman now directly owns 492,030 shares in the company, valued at approximately $46,255,740.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Henry O. Gosebruch sold 18,300 shares of AbbVie stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $90.55, for a total value of $1,657,065.00. Following the completion of the sale, the insider now owns 81,287 shares in the company, valued at $7,360,537.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 494,676 shares of company stock worth $47,237,938. Corporate insiders own 0.23% of the company’s stock.

AbbVie Inc (NYSE ABBV) opened at $100.34 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 5.08. AbbVie Inc has a 1 year low of $59.27 and a 1 year high of $101.28. The stock has a market capitalization of $160,185.78, a P/E ratio of 24.41, a P/E/G ratio of 1.20 and a beta of 1.52.

AbbVie (NYSE:ABBV) last posted its quarterly earnings results on Friday, October 27th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.02. AbbVie had a return on equity of 153.80% and a net margin of 24.38%. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the company earned $1.21 EPS. AbbVie’s revenue for the quarter was up 8.8% compared to the same quarter last year. analysts predict that AbbVie Inc will post 5.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 12th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.83%. This is a positive change 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 69.10%.

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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.

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Institutional Ownership by Quarter for AbbVie (NYSE:ABBV)

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