Garland Capital Management Inc. Lowers Stake in AbbVie Inc. $ABBV

Market Beat
2026.02.07 11:29
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Garland Capital Management Inc. reduced its stake in AbbVie Inc. by 76.7% in Q3, now holding 2,160 shares valued at $500,000. Other institutional investors have also adjusted their positions in AbbVie. Despite mixed sentiments surrounding AbbVie’s recent earnings and guidance, analysts remain optimistic about its growth potential, particularly due to strong sales of newer immunology drugs. AbbVie’s stock is currently trading at $223.50, with a market cap of $395.01 billion and a P/E ratio of 94.70.