Kepler Cheuvreux Suisse SA bought a new position in shares of AbbVie Inc. (NYSE:ABBV – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 32,563 shares of the company’s stock, valued at approximately $7,540,000.
Several other hedge funds have also recently bought and sold shares of ABBV. Beese Fulmer Investment Management Inc. lifted its position in AbbVie by 0.7% during the third quarter. Beese Fulmer Investment Management Inc. now owns 38,190 shares of the company’s stock valued at $8,842,000 after buying an additional 261 shares in the last quarter. Nemes Rush Group LLC increased its position in shares of AbbVie by 6.2% in the third quarter. Nemes Rush Group LLC now owns 15,701 shares of the company’s stock worth $3,635,000 after acquiring an additional 921 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of AbbVie by 3.1% in the third quarter. Quadrant Capital Group LLC now owns 54,347 shares of the company’s stock worth $12,583,000 after acquiring an additional 1,639 shares in the last quarter. Winthrop Capital Management LLC raised its stake in shares of AbbVie by 1.6% in the 3rd quarter. Winthrop Capital Management LLC now owns 4,317 shares of the company’s stock valued at $1,000,000 after acquiring an additional 70 shares during the period. Finally, PFC Capital Group Inc. purchased a new position in shares of AbbVie in the 3rd quarter valued at $384,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.
AbbVie Trading Down 0.3%
ABBV opened at $226.68 on Wednesday. AbbVie Inc. has a twelve month low of $164.39 and a twelve month high of $244.81. The firm has a market cap of $400.81 billion, a price-to-earnings ratio of 96.05, a PEG ratio of 0.79 and a beta of 0.34. The company has a fifty day simple moving average of $224.60 and a 200 day simple moving average of $224.45.
AbbVie Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Wednesday, April 15th will be paid a $1.73 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $6.92 annualized dividend and a dividend yield of 3.1%. AbbVie’s payout ratio is 293.22%.
AbbVie News Roundup
Here are the key news stories impacting AbbVie this week:
- Positive Sentiment: AbbVie reported positive topline results from the Phase 1 multiple ascending dose study of ABBV-295 (long?acting amylin analog) showing roughly 7.8–9.8% mean weight loss at ~12 weeks and a favorable tolerability profile — supports further development in chronic weight management and expands non?incretin obesity options. AbbVie reports topline data from Phase I ABBV-295 trial
- Positive Sentiment: AbbVie announced positive Phase 3 AFFIRM results for SKYRIZI (risankizumab) subcutaneous induction in Crohn’s disease — a potential label/indication expansion that could extend revenue runway for an existing franchise. AbbVie Announces Positive Topline Results from Phase 3 AFFIRM Study
- Positive Sentiment: Industry coverage highlights ABBV?295 and early obesity program data (up to ~10% weight loss) as a differentiator vs. incretin therapies — this boosts perception of AbbVie’s cardiometabolic pipeline optionality. AbbVie Announces Positive Topline Results from a Phase 1 Multiple Ascending Dose Study
- Positive Sentiment: J.P. Morgan reiterated its Buy stance on ABBV, an institutional vote of confidence that can support demand for the shares. J.P. Morgan Sticks to Its Buy Rating for AbbVie (ABBV)
- Neutral Sentiment: Citi’s Geoff Meacham maintained a Hold and $230 price target, signaling caution despite pipeline promise and limiting upside from analyst revisions. Neutral Hold on AbbVie as Early Cardiometabolic Pipeline Shows Promise but Trails Leading Competitors
- Neutral Sentiment: ResearchAndMarkets published an Elahere (mirvetuximab) market report outlining growth drivers in ovarian cancer — useful long?term market context but not an immediate mover for ABBV shares. Elahere (AbbVie: mirvetuximab soravtansine-gynx) Market Research Report 2026
- Neutral Sentiment: AbbVie’s presentation/transcript at the Leerink Global Healthcare Conference provides management insight on growth drivers and pipeline prioritization — useful for modeling but not an immediate catalyst. AbbVie Inc. (ABBV) Presents at Leerink Global Healthcare Conference 2026 Transcript
- Negative Sentiment: ICER (cost?effectiveness body) will review AbbVie’s Parkinson’s drug — an adverse assessment could limit pricing power/reimbursement and pressure long?term revenue assumptions. ICER to review AbbVie’s Parkinson’s disease drug
- Negative Sentiment: Governance/headline risks: CEO Robert Michael received a sizable pay increase to $32.5M in year two, and an AbbVie SVP sold ~$1.22M in shares — both items can weigh on sentiment among governance?focused investors. AbbVie’s Robert Michael earns hefty pay bump to $32.5M in 2nd year as CEO AbbVie (NYSE:ABBV) SVP Sells $1,221,518.80 in Stock
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on ABBV shares. HSBC raised shares of AbbVie from a “hold” rating to a “buy” rating and upped their price target for the stock from $225.00 to $265.00 in a research report on Wednesday, December 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $223.00 price objective on shares of AbbVie in a research report on Wednesday, January 28th. Berenberg Bank set a $275.00 target price on AbbVie in a research report on Tuesday, January 20th. Citigroup lowered their target price on AbbVie from $235.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, January 27th. Finally, William Blair reiterated an “outperform” rating on shares of AbbVie in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, AbbVie currently has an average rating of “Moderate Buy” and an average price target of $253.15.
View Our Latest Analysis on AbbVie
Insider Transactions at AbbVie
In other AbbVie news, SVP David Ryan Purdue sold 5,230 shares of AbbVie stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $233.56, for a total transaction of $1,221,518.80. Following the sale, the senior vice president directly owned 2,654 shares in the company, valued at $619,868.24. The trade was a 66.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Perry C. Siatis sold 22,381 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $230.00, for a total value of $5,147,630.00. Following the completion of the transaction, the executive vice president directly owned 38,137 shares in the company, valued at approximately $8,771,510. The trade was a 36.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.08% of the company’s stock.
About AbbVie
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
- Five stocks we like better than AbbVie
- The gold chart Wall Street is terrified of…
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
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:ABBV – Free Report).
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.
