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Institutional investors boosted AbbVie shares as strong earnings and raised guidance fueled a "Moderate Buy" rating.
Institutional investors increased their stake in AbbVie Inc., with Nicholas Wealth LLC, Stonebrook Private Inc., and Traub Capital Management LLC all adding shares in the second quarter.
The company reported strong Q3 earnings of $1.86 EPS, beating estimates by $0.09, and revenue rose 9.1% year-over-year to $15.78 billion.
AbbVie raised its full-year 2025 EPS guidance to $3.320–3.360 and increased its quarterly dividend to $1.73, yielding 3.0%.
The stock, trading at $233.83 with a market cap of $413.27 billion, has a consensus "Moderate Buy" rating and a target price of $240.14.
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Los inversores institucionales impulsaron las acciones de AbbVie a medida que las fuertes ganancias y el aumento de la previsión impulsaron una calificación de "Compra moderada".