AbbVie Inc. $ABBV Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its holdings in AbbVie Inc. (NYSE:ABBVFree Report) by 42.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 58,921 shares of the company’s stock after selling 42,829 shares during the period. Sigma Planning Corp’s holdings in AbbVie were worth $13,643,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ABBV. Alliance Wealth Advisors LLC UT raised its stake in shares of AbbVie by 5.8% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 20,463 shares of the company’s stock worth $4,738,000 after buying an additional 1,122 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of AbbVie by 2.6% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 556,498 shares of the company’s stock valued at $128,852,000 after buying an additional 14,162 shares in the last quarter. Intrust Bank NA grew its holdings in AbbVie by 2.2% during the third quarter. Intrust Bank NA now owns 25,437 shares of the company’s stock worth $5,890,000 after acquiring an additional 554 shares during the period. Cannon Wealth Management Services LLC purchased a new position in AbbVie in the third quarter worth $214,000. Finally, Journey Advisory Group LLC raised its position in AbbVie by 2.0% in the third quarter. Journey Advisory Group LLC now owns 50,285 shares of the company’s stock worth $11,643,000 after acquiring an additional 1,010 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Key Stories Impacting AbbVie

Here are the key news stories impacting AbbVie this week:

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABBV. Weiss Ratings restated a “hold (c)” rating on shares of AbbVie in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of AbbVie from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Wall Street Zen downgraded shares of AbbVie from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. UBS Group dropped their target price on shares of AbbVie from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Finally, Barclays began coverage on shares of AbbVie in a research report on Thursday. They set an “overweight” rating and a $275.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AbbVie has a consensus rating of “Moderate Buy” and a consensus price target of $252.79.

Get Our Latest Stock Analysis on ABBV

AbbVie Price Performance

Shares of ABBV opened at $224.94 on Friday. The firm has a 50 day simple moving average of $224.04 and a 200-day simple moving average of $222.06. AbbVie Inc. has a 1-year low of $164.39 and a 1-year high of $244.81. The stock has a market cap of $397.56 billion, a price-to-earnings ratio of 95.31, a price-to-earnings-growth ratio of 0.78 and a beta of 0.35.

AbbVie (NYSE:ABBVGet Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.06. The firm had revenue of $16.62 billion for the quarter, compared to analyst estimates of $16.39 billion. AbbVie had a negative return on equity of 4,184.47% and a net margin of 6.91%.AbbVie’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 EPS. AbbVie has set its FY 2026 guidance at 14.370-14.570 EPS and its Q1 2026 guidance at 2.970-3.010 EPS. On average, equities analysts expect that AbbVie Inc. will post 12.31 earnings per share for the current fiscal year.

AbbVie Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Wednesday, April 15th will be given a $1.73 dividend. This represents a $6.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, April 15th. AbbVie’s dividend payout ratio is currently 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.

Featured Stories

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Institutional Ownership by Quarter for AbbVie (NYSE:ABBV)

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