<div id="readability-page-1"><p>Drucker Wealth 3.0 LLC boosted its position in  AbbVie Inc. (NYSE:ABBV - Free Report) by 168.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,486 shares of the company's stock after purchasing an additional 2,817 shares during the period. Drucker Wealth 3.0 LLC's holdings in AbbVie were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><ul><li>Why AbbVie and Johnson &amp; Johnson Could Outperform Pfizer</li></ul><p>Several other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of  AbbVie during the first quarter worth $1,819,154,000.  Assenagon Asset Management S.A. raised its holdings in shares of  AbbVie by 550.9% in the second quarter. Assenagon Asset Management S.A. now owns 4,332,054 shares of the company's stock valued at $804,116,000 after acquiring an additional 3,666,521 shares in the last quarter.  Goldman Sachs Group Inc. raised its holdings in shares of  AbbVie by 31.6% in the first quarter. Goldman Sachs Group Inc. now owns 14,646,908 shares of the company's stock valued at $3,068,820,000 after acquiring an additional 3,519,187 shares in the last quarter.  Kingstone Capital Partners Texas LLC bought a new stake in shares of  AbbVie in the second quarter valued at about $581,817,000.  Finally, Bessemer Group Inc. raised its holdings in shares of  AbbVie by 147.6% in the 1st quarter. Bessemer Group Inc. now owns 2,752,953 shares of the company's stock valued at $576,800,000 after purchasing an additional 1,641,091 shares in the last quarter. Institutional investors own  70.23% of the company's stock. </p><h2>AbbVie Price Performance</h2><p>ABBV opened at $230.88 on Friday. The firm has a market cap of $407.86 billion, a price-to-earnings ratio of 109.94, a PEG ratio of 1.35 and a beta of 0.51. AbbVie Inc. has a 12-month low of $163.81 and a 12-month high of $244.81. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 44.14. The stock's 50-day moving average price is $214.84 and its 200 day moving average price is $196.79. </p><ul><li>3 Exceptional Stocks to Build Long-Term Wealth</li></ul><p>AbbVie (NYSE:ABBV - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $2.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.24 by ($0.27). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.93 billion. AbbVie had a return on equity of 699.66% and a net margin of 6.45%.AbbVie's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.65 earnings per share.  As a group, sell-side analysts expect that  AbbVie Inc. will post 12.31 earnings per share for the current year. </p><h2>AbbVie Dividend Announcement</h2><p>The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Wednesday, October 15th will be given a $1.64 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $6.56 dividend on an annualized basis and a yield of 2.8%. AbbVie's dividend payout ratio (DPR) is currently 312.38%. </p><h2>Insider Transactions at AbbVie</h2><ul><li>As the Market Rotates, This Healthcare ETF Is Leading the Way</li></ul><p>In other news, EVP Azita Saleki-Gerhardt sold 42,370 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $198.42, for a total value of $8,407,055.40. Following the sale, the executive vice president directly owned 177,292 shares in the company, valued at approximately $35,178,278.64. This trade represents a 19.29% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, EVP Nicholas Donoghoe sold 13,295 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $198.51, for a total value of $2,639,190.45. Following the completion of the sale, the executive vice president owned 58,247 shares in the company, valued at approximately $11,562,611.97. This represents a 18.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders. </p><h2>Analyst Ratings Changes</h2><p>Several research analysts have recently commented on the company. Hsbc Global Res lowered AbbVie from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday, October 1st. Cantor Fitzgerald  set a $250.00 price target on AbbVie and gave the stock an &#34;overweight&#34; rating in a research report on Thursday. Daiwa Capital Markets upgraded shares of AbbVie from a &#34;neutral&#34; rating to an &#34;outperform&#34; rating and set a $214.00 price objective on the stock in a report on Thursday, August 7th. Guggenheim upped their price target on shares of AbbVie from $216.00 to $227.00 and gave the company a &#34;buy&#34; rating in a research note on Friday, August 1st. Finally, Morgan Stanley increased their price objective on AbbVie from $250.00 to $255.00 and gave the company an &#34;overweight&#34; rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned  a Buy rating and nine have issued  a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $231.90.</p><p><b>Check Out Our Latest Stock Analysis on AbbVie</b></p><h2>About AbbVie</h2> (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>Further Reading</h2><ul><li>Five stocks we like better than AbbVie</li><li>3 Grocery Stocks That Are Proving They Are Still Essential </li><li>3 Heavily Shorted Stocks That Could Pop on Rate Cuts</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>Broadcom Gets Second $420 Target as CPO Win Boosts Outlook</li><li>Expert Stock Trading Psychology Tips</li><li>PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can</li></ul><p><strong>Want to see what other hedge funds are holding ABBV?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AbbVie Inc. (NYSE:ABBV - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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><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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ABBV

<p>Drucker Wealth 3.0 LLC increased its stake in AbbVie Inc. (NYSE:ABBV) by 168.8% in Q2, acquiring an additional 2,817 shares, bringing its total to 4,486 shares valued at $855,000. Other institutional investors also raised their stakes, with notable increases from Nuveen LLC and Assenagon Asset Management. AbbVie recently reported Q2 earnings of $2.97 per share, missing estimates, but revenue rose 6.6% year-over-year. The company declared a quarterly dividend of $1.64, payable on November 14, 2023, with a yield of 2.8%.</p>

Drucker Wealth 3.0 LLC Purchases 2,817 Shares of AbbVie Inc. $ABBV