AbbVie Inc. $ABBV Shares Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ lifted its holdings in AbbVie Inc. (NYSE:ABBVFree Report) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 556,498 shares of the company’s stock after acquiring an additional 14,162 shares during the quarter. AbbVie accounts for 0.7% of Lansforsakringar Fondforvaltning AB publ’s holdings, making the stock its 20th biggest position. Lansforsakringar Fondforvaltning AB publ’s holdings in AbbVie were worth $128,852,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Evolution Wealth Management Inc. purchased a new position in shares of AbbVie during the 2nd quarter valued at about $26,000. Spurstone Advisory Services LLC acquired a new stake in AbbVie during the second quarter worth about $28,000. Redmont Wealth Advisors LLC purchased a new position in AbbVie during the third quarter valued at approximately $41,000. Financial Gravity Companies Inc. acquired a new position in AbbVie in the second quarter valued at approximately $36,000. Finally, Delos Wealth Advisors LLC acquired a new position in AbbVie in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of AbbVie from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Evercore dropped their price target on shares of AbbVie from $232.00 to $228.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Piper Sandler lifted their price objective on shares of AbbVie from $289.00 to $299.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $258.00 target price on shares of AbbVie in a research note on Thursday, January 15th. Finally, Berenberg Bank set a $275.00 price target on AbbVie in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AbbVie currently has an average rating of “Moderate Buy” and a consensus target price of $252.79.

Read Our Latest Report on ABBV

AbbVie News Roundup

Here are the key news stories impacting AbbVie this week:

AbbVie Stock Up 0.3%

ABBV stock opened at $224.94 on Friday. AbbVie Inc. has a 52 week low of $164.39 and a 52 week high of $244.81. The firm has a 50-day simple moving average of $224.04 and a 200-day simple moving average of $222.06. The stock has a market capitalization of $397.56 billion, a P/E ratio of 95.31, a P/E/G ratio of 0.78 and a beta of 0.35.

AbbVie (NYSE:ABBVGet Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.06. AbbVie had a negative return on equity of 4,184.47% and a net margin of 6.91%.The company had revenue of $16.62 billion for the quarter, compared to analysts’ expectations of $16.39 billion. During the same period in the previous year, the firm posted $2.16 EPS. AbbVie’s revenue was up 10.0% compared to the same quarter last year. 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, analysts expect that AbbVie Inc. will post 12.31 earnings per share for the current year.

AbbVie Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Wednesday, April 15th will be given a dividend of $1.73 per share. This represents a $6.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, April 15th. AbbVie’s payout ratio is presently 293.22%.

AbbVie Company 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.

Further Reading

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Institutional Ownership by Quarter for AbbVie (NYSE:ABBV)

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