AbbVie(ABBV)
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3 High-Yield Dividend Growth Stocks to Buy in December and Hold for a Decade or Longer
The Motley Fool· 2024-12-03 09:24
It's been a great couple of years for the stock market. From the end of 2022 through Nov. 29, the benchmark S&P 500 (^GSPC 0.24%) index rose a whopping 57.1% higher.During this bull run, stock prices have bounded forward much further than earnings from their underlying businesses. As a result, the average dividend payer in the benchmark index offers a paltry 1.2% yield at recent prices.It's a lot harder for income-seeking investors to find high-yield dividend stocks to buy these days, but it's not impossibl ...
3 Fantastic Dividend Stocks to Buy Sooner Rather Than Later
The Motley Fool· 2024-12-01 10:52
You don't have to be an income investor to like dividends. Many billionaires who definitely don't need income still have dividend stocks in their portfolios.Which dividend stocks are great picks right now? Here's why three Fool.com contributors chose AbbVie (ABBV -0.08%), Johnson & Johnson (JNJ -0.25%), and Pfizer (PFE 1.47%) as fantastic dividend stocks to buy sooner rather than later.Something for nearly every investorKeith Speights (AbbVie): Income investors have different priorities than value and growt ...
Why Is AbbVie (ABBV) Down 10.2% Since Last Earnings Report?
ZACKS· 2024-11-29 17:38
It has been about a month since the last earnings report for AbbVie (ABBV) . Shares have lost about 10.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is AbbVie due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Q3 Earnings and Sales Beat, 2024 EPS View RaisedAbbVie ...
My Best Dividend Aristocrats For December 2024
Seeking Alpha· 2024-11-26 12:07
After a very favorable 3rd quarter of 2024, the Dividend Aristocrats cooled off in October, with The ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ) declining by 3.10%. This brings the year-to-date return for NOBL down toI have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is a personal hobby and I look forward to ...
2 High-Yield Dividend Stocks to Buy Now for a Lifetime of Passive Income
The Motley Fool· 2024-11-26 10:03
Core Insights - The pharmaceutical industry presents attractive passive income opportunities for investors, particularly through dividend-paying stocks like Pfizer and AbbVie, which have raised their payouts despite stock price underperformance [1][2] Pfizer - Pfizer's stock has lost approximately 50% of its value since the end of 2022, yet it has increased its quarterly dividend for the 15th consecutive year [3][4] - The current dividend yield for Pfizer stands at 6.5%, with expectations for further increases in the future [4] - Sales of cancer therapies surged by 31% year-over-year, driven by strong performance from the prostate cancer drug Xtandi and the combination therapy with Talzenna [5][7] - Pfizer's acquisition of Biohaven and its migraine drug Nurtec positions it favorably in the market, with 85% of primary care clinicians prescribing Nurtec [6][7] - The company anticipates adjusted earnings of $2.85 per share this year, supporting its annualized dividend payout of $1.68 per share [7] AbbVie - AbbVie's stock has only increased by 9.5% since the end of 2022, primarily due to the loss of patent protection for its leading drug, Humira, which saw sales drop from $21.2 billion in 2022 to an annualized $8.9 billion in Q3 2023 [8][9] - Despite the decline in Humira sales, AbbVie is raising its dividend payout by 5.8% for February, resulting in a current yield of 3.7% [9] - Third-quarter sales of Humira fell by 37% year-over-year, but this was offset by strong sales from newer drugs Skyrizi and Rinvoq, which together generated $19.3 billion in annualized sales [10] - The FDA's approval of Vyalev, a new Parkinson's disease treatment, adds to AbbVie's growth potential, targeting a significant patient population [11] - AbbVie has increased its dividend more than fourfold since its spin-off from Abbott Laboratories in 2013, indicating a strong outlook for continued dividend growth [12]
Despite Neuroscience Setback, AbbVie Has Strong Recovery Ahead
Seeking Alpha· 2024-11-25 23:27
AbbVie (NYSE: ABBV ) is a biopharma company, made famous by its blockbuster Humira, at one point the best-selling drug in the world. As biosimilars have eroded Humira ABBV has gone on an acquisition spree to replace lost Humira revenuesBuildingBenjamins is a free stock picking and market commentary investment newsletter. Building Benjamins is the DBA (doing businesses as) publishing entity for Tradition Investment Management, LLC, a registered investment adviser. Benjamin Halliburton, our founder, also foun ...
AbbVie Stock Rises After Leerink Partners Upgrades Its Rating
ZACKS· 2024-11-25 21:00
AbbVie’s (ABBV) shares rose 3.0% on Friday after Leerink Partners analyst, David Risinger, upgraded his rating on the stock from Market Perform to Outperform.Excluding Friday’s movement, AbbVie stock fell almost 19% in November, mainly due to the failure oftwo registration-enabling phase II studies on emraclidine, its once-daily oral candidate for treating schizophrenia. Earlier this month, AbbVie announced that the studies failed to meet their primary endpoints. Emraclidine was added to AbbVie’s pipeline w ...
AbbVie Digital Transformation Strategy Report 2024 - Technology Focus, Technology Initiatives, ICT Budget and Contracts
GlobeNewswire News Room· 2024-11-25 16:02
Group 1 - The report titled "Enterprise Tech Ecosystem Series: AbbVie Inc. - 2024" provides insights into AbbVie's technology activities, including digital transformation strategies and innovation programs [1][2] - AbbVie is a diversified research-based biopharmaceutical company focused on developing, manufacturing, marketing, and selling medicines for serious and complex diseases [3] - The company's product portfolio includes immunology, oncology, aesthetics, neuroscience, and eye care products [3][4] Group 2 - AbbVie's immunology products include Humira, Skyrizi, and Rinvoq, while its oncology products feature Imbruvica, Venclexta, Epkinly, and Elahere [4] - The aesthetics product portfolio consists of Botox Cosmetic, the Juvederm Collection of Fillers, Alloderm regenerative dermal tissue, and Latisse eyelash solution [4] - AbbVie also manufactures medicines for hepatitis C virus infection, metabolic and hormonal diseases, and endocrinology diseases [5] Group 3 - The report outlines key topics such as digital transformation strategy, innovation programs, technology initiatives, partnerships, ICT budget, and major contracts [5] - Insights into AbbVie's technology themes, objectives, and benefits of various initiatives are included [2][5] - The report aims to provide a comprehensive understanding of AbbVie's tech operations and strategies [5]
AbbVie to Present at Citi's 2024 Global Healthcare Conference
Prnewswire· 2024-11-25 13:00
NORTH CHICAGO, Ill., Nov. 25, 2024 /PRNewswire/ -- AbbVie (NYSE: ABBV) will participate in Citi's 2024 Global Healthcare Conference on Tuesday, December 3, 2024. Scott T. Reents, executive vice president, chief financial officer, Jeffrey R. Stewart, executive vice president, chief commercial officer and Roopal Thakkar, M.D., executive vice president, Research & Development and chief scientific officer, will present at 9:15 a.m. Central time.A live audio webcast of the presentation will be accessible through ...
The Stock Market Is Soaring but These 2 Stocks Are Still Dirt Cheap Buys
The Motley Fool· 2024-11-23 14:17
Earlier this month, the S&P 500 hit a record high of more than 6,000 for the first time ever. Based on that, you might assume that stocks may be too expensive to buy right now as the average stock in the index is trading at more than 25 times earnings. However, there are still many deals out there. Two stocks that could be among the best bargains right now include AbbVie (ABBV 3.04%) Comcast (CMCSA -0.07%)AbbVieDrugmaker AbbVie isn't having a great year, but it's not having a bad one, either. Its year-to-da ...