PGGM Investments grew its stake in shares of AbbVie Inc (NYSE:ABBV) by 36.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,391,093 shares of the company’s stock after buying an additional 371,459 shares during the period. PGGM Investments owned 0.09% of AbbVie worth $123,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in ABBV. Acropolis Investment Management LLC purchased a new position in shares of AbbVie in the second quarter valued at $106,000. Hudock Capital Group LLC grew its holdings in shares of AbbVie by 109.5% in the second 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 in the last quarter. Ffcm LLC grew its holdings in shares of AbbVie by 167.2% in the second quarter. Ffcm LLC now owns 1,539 shares of the company’s stock valued at $111,000 after purchasing an additional 963 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of AbbVie in the second quarter valued at $115,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of AbbVie by 87.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,269 shares of the company’s stock valued at $148,000 after purchasing an additional 1,057 shares in the last quarter. Hedge funds and other institutional investors own 69.18% of the company’s stock.

In other news, insider Laura J. Schumacher sold 145,510 shares of AbbVie stock in a transaction on Friday, December 15th. The stock was sold at an average price of $96.71, for a total transaction of $14,072,272.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert A. Michael sold 6,699 shares of AbbVie stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $88.00, for a total value of $589,512.00. Following the sale, the vice president now owns 10,007 shares of the company’s stock, valued at $880,616. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,335 shares of company stock valued at $39,258,362. Corporate insiders own 0.23% of the company’s stock.

A number of research analysts recently weighed in on ABBV shares. BidaskClub raised shares of AbbVie from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Jefferies Group reissued a “buy” rating and issued a $94.00 target price on shares of AbbVie in a report on Friday, September 8th. Goldman Sachs Group reissued a “buy” rating and issued a $100.00 target price (up from $85.00) on shares of AbbVie in a report on Friday, September 8th. Cowen reaffirmed a “hold” rating and set a $95.00 price objective (up from $70.00) on shares of AbbVie in a research note on Monday, September 11th. Finally, Leerink Swann reaffirmed a “market perform” rating on shares of AbbVie in a research note on Tuesday, September 12th. Seven 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 stock presently has a consensus rating of “Buy” and a consensus target price of $97.96.

AbbVie Inc (NYSE:ABBV) opened at $98.19 on Tuesday. The company has a debt-to-equity ratio of 5.08, a quick ratio of 1.32 and a current ratio of 1.45. The company has a market cap of $155,572.09, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.52. AbbVie Inc has a one year low of $59.27 and a one year high of $99.10.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders 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 dividend yield of 2.89%. This is an increase from AbbVie’s previous quarterly dividend of $0.64. The ex-dividend date is Thursday, January 11th. AbbVie’s dividend payout ratio (DPR) is 62.29%.

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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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