Checking the Overall Picture for AbbVie Inc. (ABBV)

"This quarter we achieved a number of milestones, including promising data from several pivotal studies, regulatory approvals for MAVYRET and the USA regulatory submission and priority review designation for elagolix". Maviret, approved recently, has the potential to rejuvenate AbbVie's struggling HCV franchise. (NYSE:ABBV) in a research note released on Friday. For 2018, ABBV expects EPS of $6.37 to $6.57, which could miss analysts' view of $6.59 per share for the year. Evercore ISI began coverage on shares of AbbVie in a research report on Wednesday, August 16th. Piper Jaffray maintained it with "Buy" rating and $102.0 target in Thursday, September 28 report.

The stock decreased 2.41% or $2.21 during the last trading session, hitting $89.56. BidaskClub downgraded shares of AbbVie from a "buy" rating to a "hold" rating in a research report on Friday, August 4th. Numis Securities maintained the stock with "Buy" rating in Wednesday, September 27 report. The stock closing price is now trading upward to its 50 day moving average with change of 9.15%, escalated to its 20 day moving average with figure of 0.42% and above its 200 day moving average with value 29.47%.

Analysts on average have given a price target of $92.67 to AbbVie Inc. AbbVie has a 1-year low of $55.06 and a 1-year high of $98.26. The firm has a market capitalization of $93.80 billion, a price-to-earnings ratio of 15.57 and a beta of 1.50. BGG's latest closing price was 10.18% away from the average price of 200 days while it maintained a distance of 11.78% from the 50 Day Moving Average and 5.14% away compared to its SMA 20. (NASDAQ:ABBV) to report earnings on Oct, 27 for the fiscal quarter ending Sep 2017. The company reported $1.41 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.39 by $0.02. To assess the reasonability of ABBV's earnings growth per share, we should look at its most recent growth rate delivered.

Net income was $1.63 billion compared to net income of $1.60 billion in the same period of the year prior. AbbVie's revenue for the quarter was up 8.8% compared to the same quarter previous year. On average, analysts forecast that AbbVie will post $5.53 earnings per share for the current year.

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AbbVie also boosted its quarterly dividend payout 11 percent to 71 cents per share. Stockholders of record on Friday, October 13th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Wednesday, January 11th. AbbVie's payout ratio is now 62.90%. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard A. Gonzalez sold 193,131 shares of the firm's stock in a transaction on Monday, August 7th. ALBAN CARLOS sold $3.21 million worth of stock. Following the sale, the vice president now directly owns 10,007 shares of the company's stock, valued at approximately $880,616. The disclosure for this sale can be found here. E&G Advisors Lp sold 5,200 shares as Abbvie Inc (ABBV)'s stock rose 6.17%. Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock. These holdings make up 68.01% of the company's outstanding shares. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of AbbVie during the first quarter valued at approximately $108,000. Hudock Capital Group LLC increased its holdings in shares of AbbVie by 109.5% in the second quarter. The World Asset Management Inc holds 160,098 shares with $11.61 million value, down from 179,636 last quarter. Prudential owns 0% invested in Circassia Pharmaceuticals PLC (LON:CIR) for 28,247 shares. Hudock Capital Group LLC grew its position in shares of AbbVie by 109.5% during the 2nd quarter.

AbbVie is a global, research-based biopharmaceutical company. The Firm operates through three divisions: Allergy, which relates to a range of immunotherapy development products for the treatment of allergy; NIOX, which relates to the portfolio of products used to improve asthma diagnosis and management by measuring fractional exhaled nitric oxide, and Respiratory, which relates to the portfolio of asthma and chronic obstructive pulmonary disease product candidates.

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