The BlackRock Group LTD Cuts Stake in AbbVie Inc. (ABBV)

AbbVie Inc. has a 52 week low of $58.60 and a 52 week high of $98.26.

The company is trading down by 1.09% since yesterday's close of 95.43. The stock had a trading volume of 6,170,100 shares, compared to its average volume of 6,254,326. AbbVie Inc. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 5.08. AbbVie Inc. The stock has a market cap of $152,347.31, a PE ratio of 17.97, a PEG ratio of 1.32 and a beta of 1.51.

AbbVie (NYSE:ABBV) last released its quarterly earnings data on Friday, October 28th. In the latest earnings report the EPS was $4.14 with 1.60B shares now outstanding. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $7 billion. AbbVie had a net margin of 24.38% and a return on equity of 153.80%. During the same period in the previous year, the company posted $1.13 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 12th will be issued a $0.71 dividend. This represents a $2.56 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Thursday, January 11th. AbbVie's dividend payout ratio (DPR) is 62.29%.

Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Lee Danner & Bass Inc
The Kentucky Retirement Systems Insurance Trust Fund holds 116,046 shares with $9.37 million value, up from 112,122 last quarter. Finally, Sequent Asset Management LLC increased its position in shares of Exxon Mobil Corp.by 25.9% in the second quarter.

A number of research analysts have commented on the company. BidaskClub lowered AbbVie from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 28th. The company now has an average rating of "Hold" and an average target price of $70.26. SunTrust Banks, Inc. reiterated a "buy" rating and set a $95.00 price objective on shares of AbbVie in a research note on Wednesday, September 13th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. The stock now has an average rating of "Buy" and a consensus price target of $93.68. Common Stock of late if you take note of the fall in short interest. The stock was sold at an average price of $65.00, for a total value of $3,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was sold at an average price of $90.55, for a total transaction of $1,657,065.00. Following the sale, the senior vice president now owns 93,099 shares of the company's stock, valued at approximately $7,915,276.98. The disclosure for this sale can be found here. In the last three months, insiders sold 58,932 shares of company stock worth $5,379,432.

TRADEMARK VIOLATION NOTICE: "AbbVie Inc". If you are viewing this story on another website, it was illegally copied and republished in violation of U.S. & worldwide copyright and trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2017/11/13/abbvie-inc-abbv-stake-lifted-by-national-planning-corp.html. Td Asset Management Inc reduced its investment by shedding 4,842 shares a decrease of 0.7% in the quarter. Td Asset Management Inc owns 717,742 shares valued at $63,779,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in AbbVie during the 1st quarter worth about $108,000. State Street Corp boosted its stake in shares of AbbVie by 2.4% in the first quarter. The institutional investor owned 2,330,550 shares of the company's stock after selling 14,896 shares during the period. Keel Point LLC grew its position in shares of AbbVie by 2.7% during the 2nd quarter. Legal & General Group Plc boosted its stake in shares of AbbVie by 1.7% in the second quarter. The firm owned 50,388 shares of the company's stock after acquiring an additional 2,754 shares during the period.

Shares of AbbVie Inc. 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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