SecurityABBV / AbbVie Inc.
InstitutionCovington Capital Management
Shares43,349
Value $ 4,016,000
Related EPA:ABBV / AbbVie Inc.

Covington Capital Management reports 20.17% decrease in ownership of ABBV / AbbVie Inc.

August 13, 2018 - Covington Capital Management has filed a 13F-HR form disclosing ownership of 43,349 shares of AbbVie Inc. (NYSE:ABBV) with total holdings valued at $4,016,000 USD as of June 30, 2018. Covington Capital Management had filed a previous 13F-HR on May 11, 2018 disclosing 54,299 shares of AbbVie Inc. at a value of $5,139,000 USD. This represents a change in shares of -20.17 percent and a change in value of -21.85 percent during the quarter.

Other investors with positions similar to Covington Capital Management include TNB Financial, Advisory Services Network, LLC, Mrj Capital Inc, Armstrong Shaw Associates Inc/ct, DT Investment Partners, LLC, and Mark Sheptoff Financial Planning, Llc.

AbbVie Inc. has declared a standard industrial code (sic) of 2834 which is the "Pharmaceutical Preparations" industry. Covington Capital Management's top industries are "Construction Special Trade Contractors" (sic 17), "Non-depository Credit Institutions" (sic 61), and "Food Stores" (sic 54).

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-06-30 13F-HR ABBVIE COM 00287Y109 93.64 43,349 -20.17 4,016 -21.85 -1,025 -98 -1.90
2018-03-31 13F-HR ABBVIE COM 00287Y109 95.68 54,299 -2.20 5,139 -4.28 -117 -113 -2.11
2017-12-31 13F-HR ABBVIE COM 00287Y109 92.78 55,518 0.82 5,369 9.73 42 434 8.88
2017-09-30 13F-HR ABBVIE COM 00287Y109 80.68 55,069 -0.75 4,893 21.63 -34 904 22.46
2017-06-30 13F-HR ABBVIE COM 00287Y109 68.83 55,486 -0.44 4,023 10.80 -17 409 11.26
2017-03-31 13F-HR ABBVIE COM 00287Y109 63.89 55,729 -3.36 3,631 0.55 -124 144 3.98
2016-12-31 13F-HR ABBVIE COM 00287Y109 62.84 57,668 -0.28 3,611 -0.99 -10 -26 -0.71
2016-09-30 13F-HR/A-1 ABBVIE COM 00287Y109 62.49 57,829 0.35 3,647 2.21 12 67 1.86
2016-09-30 13F-HR ABBVIE COM 00287Y109 57,829 3,647
2016-06-30 13F-HR ABBVIE COM 00287Y109 59.52 57,629 -0.63 3,568 7.70 -22 277 8.36
2016-03-31 13F-HR ABBVIE COM 00287Y109 58.18 57,996 -0.16 3,313 -3.72 -5 -123 -3.56
2015-12-31 13F-HR ABBVIE COM 00287Y109 56.83 58,090 -0.75 3,441 8.04 -25 281 8.82
2015-09-30 13F-HR ABBVIE COM 00287Y109 60.80 58,529 -2.32 3,185 -20.89 -85 -756 -18.79
2015-06-30 13F-HR ABBVIE COM 00287Y109 62.86 59,919 -28.03 4,026 -17.38 -1,467 620 12.72
2015-03-31 13F-HR/A-1 ABBVIE COM 00287Y109 61.99 83,250 -0.65 4,873 -11.14 -34 -577 -10.52
2015-03-31 13F-HR ABBVIE COM 00287Y109 83,250 4,873
2014-12-31 13F-HR ABBVIE COM 00287Y109 61.60 83,797 -1.85 5,484 11.21 -97 650 13.18
2014-09-30 13F-HR ABBVIE COM 00287Y109 57.99 85,373 0.42 4,931 -0.36 21 -39 -0.79
2014-06-30 13F-HR ABBVIE COM 00287Y109 54.81 85,013 -13.44 4,949 -1.96 -723 624 12.37
2014-03-31 13F-HR ABBVIE COM 00287Y109 98,214 5,048


CUSIP: 00287Y109