Family Capital Trust Co Invests $1.97 Million in AbbVie Inc. $ABBV

Family Capital Trust Co purchased a new stake in shares of AbbVie Inc. (NYSE:ABBVFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,493 shares of the company’s stock, valued at approximately $1,966,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of AbbVie by 17.4% in the 4th quarter. Brighton Jones LLC now owns 22,912 shares of the company’s stock worth $4,072,000 after purchasing an additional 3,401 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in AbbVie by 72.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,279 shares of the company’s stock valued at $1,294,000 after purchasing an additional 3,064 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in AbbVie in the first quarter worth about $383,000. Acadian Asset Management LLC raised its stake in shares of AbbVie by 5.7% in the first quarter. Acadian Asset Management LLC now owns 142,756 shares of the company’s stock worth $29,898,000 after buying an additional 7,640 shares during the period. Finally, Mattson Financial Services LLC lifted its position in shares of AbbVie by 4.0% during the 1st quarter. Mattson Financial Services LLC now owns 5,211 shares of the company’s stock valued at $1,092,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Key Headlines Impacting AbbVie

Here are the key news stories impacting AbbVie this week:

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $289.00 target price (up from $284.00) on shares of AbbVie in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of AbbVie in a research note on Wednesday, October 8th. Citigroup lowered their target price on shares of AbbVie from $240.00 to $235.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Cantor Fitzgerald set a $250.00 target price on shares of AbbVie and gave the stock an “overweight” rating in a report on Thursday, October 9th. Finally, Morgan Stanley raised their price target on AbbVie from $261.00 to $269.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.89.

Read Our Latest Report on AbbVie

AbbVie Stock Performance

Shares of NYSE ABBV opened at $224.22 on Friday. The company has a market cap of $396.28 billion, a P/E ratio of 169.86, a P/E/G ratio of 0.98 and a beta of 0.36. AbbVie Inc. has a 52-week low of $164.39 and a 52-week high of $244.81. The firm’s fifty day moving average is $226.55 and its two-hundred day moving average is $214.86.

AbbVie (NYSE:ABBVGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.09. AbbVie had a return on equity of 3,216.47% and a net margin of 4.00%.The firm had revenue of $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the business posted $3.00 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. AbbVie has set its Q4 2025 guidance at 3.320-3.360 EPS. As a group, analysts forecast that AbbVie Inc. will post 12.31 EPS for the current fiscal year.

AbbVie Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 16th will be paid a $1.73 dividend. This represents a $6.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, January 16th. This is a positive change from AbbVie’s previous quarterly dividend of $1.64. AbbVie’s dividend payout ratio is presently 496.97%.

About AbbVie

(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

Institutional Ownership by Quarter for AbbVie (NYSE:ABBV)

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