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Investment firm boosts holdings in AbbVie, which reported strong Q1 earnings of $13.34 billion.
Investment firm Net Worth Advisory Group increased its stock holdings in pharmaceutical company AbbVie Inc. by 2.5% in the first quarter, acquiring an additional 91 shares.
Despite this, other institutional investors like Mogy Joel R Investment Counsel Inc. reduced their holdings.
AbbVie reported strong Q1 earnings, surpassing analyst estimates with a revenue of $13.34 billion, an 8.4% increase year-over-year.
The company has a market cap of $337.86 billion and analysts predict 12.31 EPS for the current fiscal year.
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La firma de inversión aumenta las participaciones en AbbVie, que reportó fuertes ganancias del primer trimestre de 13.340 millones de dólares.