Stillwater Wealth Management Group Makes New Investment in AbbVie Inc. $ABBV

Stillwater Wealth Management Group acquired a new position in shares of AbbVie Inc. (NYSE:ABBVFree Report) during the 3rd quarter, Holdings Channel reports. The fund acquired 18,552 shares of the company’s stock, valued at approximately $4,296,000. AbbVie accounts for about 3.0% of Stillwater Wealth Management Group’s portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABBV. Evolution Wealth Management Inc. purchased a new position in shares of AbbVie during the 2nd quarter worth about $26,000. Chelsea Counsel Co. purchased a new stake in AbbVie in the third quarter valued at approximately $26,000. Texas Capital Bancshares Inc TX purchased a new stake in AbbVie in the third quarter valued at approximately $31,000. Caitlin John LLC acquired a new position in AbbVie during the third quarter worth approximately $33,000. Finally, Delos Wealth Advisors LLC acquired a new position in AbbVie during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

AbbVie Stock Down 5.1%

ABBV opened at $208.47 on Thursday. AbbVie Inc. has a 52-week low of $164.39 and a 52-week high of $244.81. The company has a 50 day moving average of $223.76 and a two-hundred day moving average of $224.84. The company has a market cap of $368.62 billion, a P/E ratio of 88.34, a P/E/G ratio of 0.76 and a beta of 0.34.

AbbVie (NYSE:ABBVGet Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.06. The business had revenue of $16.62 billion for the quarter, compared to the consensus estimate of $16.39 billion. AbbVie had a net margin of 6.91% and a negative return on equity of 1,579.75%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Research analysts anticipate that AbbVie Inc. will post 12.31 earnings per share for the current year.

AbbVie Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Wednesday, April 15th will be given a $1.73 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $6.92 annualized dividend and a yield of 3.3%. AbbVie’s dividend payout ratio (DPR) is 293.22%.

Insider Activity

In other news, EVP Perry C. Siatis sold 22,381 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $230.00, for a total value of $5,147,630.00. Following the completion of the sale, the executive vice president owned 38,137 shares in the company, valued at approximately $8,771,510. This trade represents a 36.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Ryan Purdue sold 5,230 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $233.56, for a total value of $1,221,518.80. Following the sale, the senior vice president owned 2,654 shares in the company, valued at approximately $619,868.24. The trade was a 66.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.25% of the company’s stock.

AbbVie News Roundup

Here are the key news stories impacting AbbVie this week:

Analyst Upgrades and Downgrades

ABBV has been the topic of a number of research analyst reports. UBS Group decreased their price target on shares of AbbVie from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. The Goldman Sachs Group restated a “neutral” rating and set a $223.00 price objective on shares of AbbVie in a report on Wednesday, January 28th. Evercore cut their target price on AbbVie from $232.00 to $228.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. HSBC upgraded AbbVie from a “hold” rating to a “buy” rating and lifted their target price for the company from $225.00 to $265.00 in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada began coverage on AbbVie in a research report on Tuesday, February 24th. They set an “outperform” rating and a $260.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.15.

View Our Latest Stock Report on AbbVie

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.

See Also

Want to see what other hedge funds are holding ABBV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AbbVie Inc. (NYSE:ABBVFree Report).

Institutional Ownership by Quarter for AbbVie (NYSE:ABBV)

Receive News & Ratings for AbbVie Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AbbVie and related companies with MarketBeat.com's FREE daily email newsletter.