AbbVie Inc (NYSE:ABBV) was the target of some unusual options trading activity on Wednesday. Stock traders bought 159,063 call options on the stock. This is an increase of 1,953% compared to the average volume of 7,746 call options.
Shares of AbbVie (ABBV) opened at $100.34 on Friday. AbbVie has a twelve month low of $59.27 and a twelve month high of $101.28. The stock has a market cap of $159,950.00, a price-to-earnings ratio of 24.35, a P/E/G ratio of 1.20 and a beta of 1.53. 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 (NYSE:ABBV) last announced its quarterly earnings results on Friday, October 27th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.02. AbbVie had a net margin of 24.38% and a return on equity of 153.80%. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. analysts anticipate that AbbVie will post 5.55 EPS for the current fiscal year.
In other news, insider Henry O. Gosebruch sold 18,300 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $90.55, for a total value of $1,657,065.00. Following the sale, the insider now directly owns 81,287 shares of the company’s stock, valued at approximately $7,360,537.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard A. Gonzalez sold 218,193 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $94.01, for a total transaction of $20,512,323.93. Following the completion of the sale, the chairman now directly owns 492,030 shares in the company, valued at $46,255,740.30. The disclosure for this sale can be found here. Insiders sold a total of 494,676 shares of company stock worth $47,237,938 over the last ninety days. Insiders own 0.23% of the company’s stock.
A number of large investors have recently bought and sold shares of ABBV. Acropolis Investment Management LLC acquired a new position in AbbVie during the second quarter worth $106,000. Hudock Capital Group LLC raised its position in AbbVie by 109.5% during the second quarter. Hudock Capital Group LLC now owns 1,542 shares of the company’s stock worth $111,000 after acquiring an additional 806 shares during the period. Ffcm LLC raised its position in AbbVie by 167.2% during the second quarter. Ffcm LLC now owns 1,539 shares of the company’s stock worth $111,000 after acquiring an additional 963 shares during the period. Bristlecone Advisors LLC acquired a new position in AbbVie during the third quarter worth $113,000. Finally, BDO Wealth Advisors LLC acquired a new position in AbbVie during the second quarter worth $115,000. Institutional investors own 69.18% of the company’s stock.
Several research firms have recently commented on ABBV. Vetr downgraded shares of AbbVie from a “strong-buy” rating to a “buy” rating and set a $113.08 price objective on the stock. in a report on Monday, January 8th. BMO Capital Markets set a $84.00 price objective on shares of AbbVie and gave the company a “hold” rating in a report on Thursday. Barclays reaffirmed a “hold” rating and issued a $68.00 price objective on shares of AbbVie in a report on Thursday, September 28th. Evercore ISI reissued an “outperform” rating and set a $100.00 price target (up from $95.00) on shares of AbbVie in a report on Saturday, September 30th. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of AbbVie in a report on Tuesday, January 2nd. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $100.94.
AbbVie Company Profile
AbbVie Inc (AbbVie) is a research-based biopharmaceutical company. The Company is engaged in the discovery, development, manufacture and sale of a range of pharmaceutical products. 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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