Sowell Financial Services LLC Has $10.85 Million Position in AbbVie Inc. $ABBV

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Sowell Financial Services LLC reduced its stake in AbbVie Inc. by 10.8% in the fourth quarter, selling 5,761 shares and ending with holdings valued at approximately $10.85 million. Despite insider sales totaling over $6 million, institutional investors own 70.23% of the stock. Analysts maintain a “Moderate Buy” consensus with an average target price of $253.15, while AbbVie recently beat Q4 EPS estimates and declared a $1.73 quarterly dividend.

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