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Institutional investors boost holdings in AbbVie, which beat earnings estimates and raised revenue.
Institutional investors like Guerra Advisors and CFM Wealth Partners have increased their holdings in AbbVie Inc., a pharmaceutical company with a market cap of $321.29 billion.
AbbVie's stock received a "Moderate Buy" rating with a price target of $211.29.
The company reported earnings of $2.46 per share, beating estimates by $0.06, and its revenue increased by 8.4% year-over-year.
AbbVie's product line includes Humira, Skyrizi, and Rinvoq.
The company also declared a quarterly dividend of $1.64 per share, to be paid on August 15th.
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Los inversores institucionales aumentan las participaciones en AbbVie, que superaron las estimaciones de ganancias y aumentaron los ingresos.