Vontobel Swiss Wealth Advisors AG purchased a new position in AbbVie Inc. (NYSE:ABBV) during the first quarter, Holdings Channel reports. The fund purchased 3,650 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors have also bought and sold shares of ABBV. Toth Financial Advisory Corp boosted its position in shares of AbbVie by 2.6% in the first quarter. Toth Financial Advisory Corp now owns 61,012 shares of the company’s stock worth $3,976,000 after buying an additional 1,536 shares in the last quarter. Orbis Allan Gray Ltd raised its stake in AbbVie by 11.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 5,485,407 shares of the company’s stock worth $343,496,000 after buying an additional 579,378 shares during the last quarter. Iowa State Bank raised its stake in AbbVie by 3.6% in the first quarter. Iowa State Bank now owns 71,888 shares of the company’s stock worth $4,684,000 after buying an additional 2,496 shares during the last quarter. Dynamic Advisors Solutions LLC raised its stake in AbbVie by 680.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 69,407 shares of the company’s stock worth $4,523,000 after buying an additional 60,509 shares during the last quarter. Finally, Alerus Financial NA raised its stake in AbbVie by 0.8% in the first quarter. Alerus Financial NA now owns 35,236 shares of the company’s stock worth $2,296,000 after buying an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

AbbVie Inc. (NYSE ABBV) traded down 0.1722% during trading on Wednesday, hitting $71.3469. The stock had a trading volume of 246,989 shares. The stock has a 50 day moving average price of $72.12 and a 200-day moving average price of $66.41. The stock has a market cap of $113.55 billion, a price-to-earnings ratio of 17.5472 and a beta of 1.50. AbbVie Inc. has a 12 month low of $55.06 and a 12 month high of $75.04. AbbVie also was the recipient of unusually large options trading on Monday. Stock investors acquired 278 put options on the stock. This represents an increase of 121% compared to the average volume of 126 put options.

AbbVie (NYSE:ABBV) last issued its quarterly earnings results on Friday, July 28th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. AbbVie had a return on equity of 154.76% and a net margin of 24.77%. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts predict that AbbVie Inc. will post $5.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 14th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $2.56 annualized dividend and a dividend yield of 3.58%. AbbVie’s payout ratio is 62.90%.

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A number of equities research analysts recently commented on the company. BidaskClub lowered AbbVie from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies reissued a “buy” rating and issued a $85.00 price target on shares of AbbVie in a research report on Thursday, August 3rd. Cowen and Company set a $70.00 price target on AbbVie and gave the company a “hold” rating in a research report on Sunday, July 30th. Vetr raised AbbVie from a “hold” rating to a “buy” rating and set a $76.28 price target for the company in a research report on Wednesday, July 26th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $74.00 price target (up from $65.00) on shares of AbbVie in a research report on Thursday, July 20th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. AbbVie currently has a consensus rating of “Buy” and an average target price of $74.66.

In other news, Director Edward J. Rapp acquired 4,000 shares of AbbVie stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $70.45 per share, for a total transaction of $281,800.00. Following the acquisition, the director now directly owns 15,498 shares of the company’s stock, valued at approximately $1,091,834.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carlos Alban sold 45,800 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $70.00, for a total value of $3,206,000.00. Following the transaction, the executive vice president now owns 160,545 shares in the company, valued at $11,238,150. The disclosure for this sale can be found here. Over the last quarter, insiders sold 600,026 shares of company stock worth $41,852,724. Company insiders own 0.23% of the company’s stock.

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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