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flag Institutional investors boosted AbbVie shares despite below-expected earnings and executive stock sales.

flag In the second quarter, several institutional investors, including Peterson Wealth Services and PKO Investment Management, significantly increased their stakes in AbbVie, which reported Q2 earnings of $2.97 per share—below expectations—while revenue rose 6.6% year-over-year to $15.42 billion. flag The stock, trading at $228.06 with a $402.87 billion market cap, has a consensus "Moderate Buy" rating and a price target of $234.80. flag Executives Azita Saleki-Gerhardt and Nicholas Donoghoe sold a combined 55,665 shares in August, netting about $11 million. flag AbbVie’s dividend yield is 2.9% with an annual payout of $6.56, though the payout ratio is 312.38%. flag Key products include Humira, Skyrizi, Rinvoq, Imbruvica, and Venclexta.

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