Recent Buy – AbbVie Inc. (Healthcare)

On November 1st I initiated a position in AbbVie Inc. I Purchased 26 shares for 78,57 $ per share plus commission. The total cost of the purchase was 1 807 €.

AbbVie Inc. is a fairly new biopharmaceutical company since it was founded in 2013. It originated as a spin-off of Abbott Laboratories, which is a Dividend Aristocrat that has raised the dividend for 45 consecutive years.

I have followed this stock for a while now and it is starting to look like a bargain after falling 37 % since January.

The biggest reason for recent stock price drop seems to be that their blockbuster drug Humira will see competition from biosimilars in Europe. They recently offered a 80 % price discount for Humira in Europe to defend against biosimilars so we will have to wait and see how this affects their total earnings. Even with these current challenges Humira is still the best-selling prescription drug in the world and they have a promising drug pipeline so I’m not too worried.

With current 4,89 % yield it increases my annual passive income by 87,6 €. After the purchase weight of AbbVie Inc. is 2,7 % of my  portfolio.

4 thoughts on “Recent Buy – AbbVie Inc. (Healthcare)

  1. Get Rich Brothers Reply

    Hey DD,

    Hoping to be in this one long-term and even grab some more on price weakness. There seems to be plenty of volatility in the shares and so this opportunity may well present itself! Solid starting dividend yield on top of strong annual raises; the fact that the company has a history with ABT bodes well for this side of the equation (and for us as investors).

    Take care,

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