WINTON GROUP Ltd Acquires 47,980 Shares of AbbVie Inc (ABBV)
WINTON GROUP Ltd boosted its position in shares of AbbVie Inc (NYSE:ABBV) by 48.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,505 shares of the company’s stock after acquiring an additional 47,980 shares during the period. WINTON GROUP Ltd’s holdings in AbbVie were worth $10,623,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC purchased a new position in shares of AbbVie in the second quarter worth $106,000. Ffcm LLC raised 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 worth $111,000 after buying an additional 963 shares during the last quarter. Hudock Capital Group LLC raised 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 worth $111,000 after buying an additional 806 shares during the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of AbbVie in the second quarter worth $115,000. Finally, Franklin Parlapiano Turner & Welch LLC purchased a new position in shares of AbbVie in the first quarter worth $108,000. 69.32% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on ABBV shares. Jefferies Group increased their price objective on shares of AbbVie from $107.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. BMO Capital Markets set a $66.00 price objective on shares of AbbVie and gave the stock a “hold” rating in a research note on Friday, October 27th. BidaskClub upgraded shares of AbbVie from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Piper Jaffray Companies raised their price target on shares of AbbVie to $115.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, SunTrust Banks restated a “buy” rating on shares of AbbVie in a research report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $97.96.
AbbVie Inc (ABBV) opened at $97.35 on Thursday. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.45 and a quick ratio of 1.32. AbbVie Inc has a 52 week low of $59.27 and a 52 week high of $98.87. The firm has a market cap of $153,736.20, a PE ratio of 18.14, a PEG ratio of 1.34 and a beta of 1.52.
AbbVie (NYSE:ABBV) last issued its earnings results on Friday, October 27th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. AbbVie had a net margin of 24.38% and a return on equity of 153.80%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. AbbVie’s quarterly revenue was up 8.8% compared to the same quarter last year. research analysts anticipate that AbbVie Inc will post 5.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 12th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, January 11th. This is an increase from AbbVie’s previous quarterly dividend of $0.64. This represents a $2.84 dividend on an annualized basis and a yield of 2.92%. AbbVie’s payout ratio is 62.29%.
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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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