Commerzbank Sells 39,586 AbbVie Shares, Cutting Stake by 30.5%
In its latest 13F filing Commerzbank reduced its AbbVie stake by 30.5%, selling 39,586 shares to leave 90,102 shares valued at $20.863 million. Institutional investors now own 70.23% of AbbVie, highlighted by Norges Bank’s $4.29 billion second-quarter acquisition.
1. Strong Early 2026 Performance and Dividend Kings Context
AbbVie delivered a total return that contributed to the strong start for Dividend Kings in January 2026, as the group rose 4.66% through January 23rd versus the S&P 500’s 1.07% gain. In 2025 the Dividend Kings underperformed the broad market, averaging a 4.91% total return versus the SPY’s 17.72%, yet 14 members still outpaced the index. Nineteen Kings, including AbbVie, currently screen as potentially undervalued and offer long-term annualized expected returns of at least 10%, based on discounted cash flow analyses and consensus dividend growth forecasts.
2. Institutional Trading and Analyst Ratings
In its most recent 13F filing, Commerzbank Aktiengesellschaft FI reduced its AbbVie stake by 30.5%, selling 39,586 shares and ending the period with 90,102 shares valued at approximately $20.9 million. Other large moves include Norges Bank’s new stake worth roughly $4.29 billion and Vanguard Group’s incremental increase of 3.38 million shares during the second quarter. Analyst activity has been active: two firms maintain Strong Buy opinions, thirteen rate the shares as Buy and eight as Hold. UBS reissued a Neutral view in mid-January, while BMO Capital Markets reaffirmed an Outperform rating later that week, reflecting mixed but generally constructive sentiment.
3. Recent Financial Results and Dividend Increase
On October 31st AbbVie reported third-quarter adjusted EPS of $1.86, beating the $1.77 consensus by $0.09, while revenue rose 9.1% year-over-year to $15.78 billion versus forecasts of $15.58 billion. The company achieved a return on equity of 3,216.47% and a net margin of 4.00%. Management set Q4 2025 EPS guidance at a midpoint of $3.34 and analysts project full-year EPS of 12.31. AbbVie’s board also approved a quarterly dividend of $1.73 per share, up from $1.64, representing an annualized payout of $6.92 and a payout ratio of 524.24%, payable February 17th to shareholders of record January 16th.