<div id="readability-page-1"><p>AbbVie (NYSE:ABBV - Get Free Report) posted its earnings results on Thursday. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.08, Briefing.com reports. AbbVie had a net margin of 11.02% and a return on equity of 179.47%. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period in the prior year, the company posted $2.91 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. AbbVie updated its FY24 guidance to $10.71-10.91 EPS.</p><h2>AbbVie Stock Up 1.7 %</h2><ul><li>Teva Pharmaceuticals Stock: Unlock Value in This Generic Drug Gem</li></ul><p>NYSE ABBV traded up $3.07 on Friday, hitting $185.24. 6,948,346 shares of the stock were exchanged, compared to its average volume of 5,572,868. The company has a 50-day moving average price of $167.30 and a 200-day moving average price of $169.38. The company has a market cap of $327.11 billion, a PE ratio of 55.39, a PEG ratio of 2.23 and a beta of 0.64. AbbVie has a fifty-two week low of $135.85 and a fifty-two week high of $186.85. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 7.93. </p><h2>AbbVie Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 15th will be issued a $1.55 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $6.20 dividend on an annualized basis and a yield of 3.35%. AbbVie's dividend payout ratio (DPR) is presently 183.98%. </p><h2>Analyst Ratings Changes</h2><ul><li>MarketBeat Week in Review – 7/1 - 7/5</li></ul><p>A number of analysts have recently commented on ABBV shares. Piper Sandler Companies reissued an &#34;overweight&#34; rating and set a $190.00 target price on shares of AbbVie in a research note on Wednesday, July 3rd. Wells Fargo &amp; Company increased their price target on shares of AbbVie from $200.00 to $205.00 and gave the company an &#34;overweight&#34; rating in a research note on Friday. Cantor Fitzgerald reiterated an &#34;overweight&#34; rating and issued a $200.00 price objective on shares of AbbVie in a report on Friday. Morgan Stanley increased their price objective on AbbVie from $191.00 to $196.00 and gave the stock an &#34;overweight&#34; rating in a research report on Thursday, July 11th. Finally, Barclays lifted their target price on AbbVie from $187.00 to $200.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $188.71.</p><p><b>Get Our Latest Research Report on ABBV</b></p><h2>Insider Activity</h2><ul><li>AbbVie Stock: A Perfect Dip for Investors to Buy</li></ul><p>In related news, Chairman Richard A. Gonzalez sold 282,845 shares of the business's stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $175.00, for a total value of $49,497,875.00. Following the completion of the sale, the chairman now directly owns 513,099 shares of the company's stock, valued at $89,792,325. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.25% of the company's stock. </p><h2>About AbbVie</h2> (Get Free Report)<p>AbbVie Inc discovers, develops, manufactures, and sells pharmaceuticals worldwide. The company offers Humira, an injection for autoimmune and intestinal Behçet's diseases, and pyoderma gangrenosum; Skyrizi to treat moderate to severe plaque psoriasis, psoriatic disease, and Crohn's disease; Rinvoq to treat rheumatoid and psoriatic arthritis, ankylosing spondylitis, atopic dermatitis, axial spondyloarthropathy, ulcerative colitis, and Crohn's disease; Imbruvica for the treatment of adult patients with blood cancers; Epkinly to treat lymphoma; Elahere to treat cancer; and Venclexta/Venclyxto to treat blood cancers.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than AbbVie</li><li>Most Volatile Stocks, What Investors Need to Know</li><li>3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>Skechers Stock Shows Strength Among Consumer Discretionary Sector</li><li>Investing in Travel Stocks Benefits</li><li>Tech Stocks Tumble, These Stocks Present Buying Opportunity</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFCQlY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFCQlY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Nvidia insiders dumping shares <span><span>(From Porter &amp; Company)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NzM2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NzM2"/></p><h2>Should you invest $1,000 in AbbVie right now?</h2><p>Before you consider AbbVie, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AbbVie wasn't on the list.</p><p>While AbbVie currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

ABBV

<p>AbbVie (NYSE:ABBV) released its quarterly earnings results, beating the consensus estimate and reporting a 4.3% increase in revenue. The company also updated its FY24 guidance. AbbVie's stock rose by 1.7% following the announcement. Analysts have given the stock a "Moderate Buy" rating with a consensus price target of $188.71. Chairman Richard A. Gonzalez sold over 280,000 shares of the company's stock. AbbVie is a pharmaceutical company that develops and sells pharmaceuticals globally.</p>

AbbVie (NYSE:ABBV) Releases Earnings Results