Taking On Challenges And Growing? – Abbvie Inc (ABBV)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Drug Manufacturers – General industry segment, falling under the Healthcare sector. The current market capitalization of Abbvie Inc is $301.01B. A total of 4.25 million shares were traded on the day, compared to an average of 5.70M shares.

In the most recent transaction, Donoghoe Nicholas sold 21,082 shares of ABBV for 176.30 per share on Mar 20 ’24. After the transaction, the EVP, CHIEF BUS/STRAT OFFICER now owns 55,903 company shares. In a previous transaction on Mar 18 ’24, Stewart Jeffrey Ryan sold 58,949 shares at 178.79 per share. ABBV shares that EVP, CHIEF COMMERCIAL OFFICER owns now total 60,941.

Among the insiders who sold shares, RICHMOND TIMOTHY J. disposed of 75,680 shares on Mar 01 ’24 at a per-share price of $177.27. This resulted in the EVP, CHIEF HR OFFICER holding 13,837 shares of ABBV after the transaction. In another insider transaction, Michael Robert A. sold 68,879 shares at $176.45 per share on Feb 29 ’24. Company shares held by the PRES & CHIEF OPERATING OFFICER now total 98,645.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Abbvie Inc pays an annual dividend of $6.06, resulting in a dividend yield of 3.56%, and it has a price to earnings (P/E) ratio of 50.75. ABBV’s most recent ex-dividend date was 4/12/2024 when it declared a $1.55 quarterly dividend that was paid in cash on 5/15/2024. Previously, the company paid the dividend on 2/15/2024 with an ex-dividend date of 1/12/2024. The ABBV stock dividend was $1.55 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ABBV has a high of $182.89 and a low of $130.96.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ABBV’s latest balance sheet shows that the firm has $9.83B in Cash & Short Term Investments as of fiscal 2021. There were $76.68B in debt and $35.19B in liabilities at the time. Its Book Value Per Share was $4.53, while its Total Shareholder’s Equity was $15.44B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABBV is Buy with a score of 4.13.

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