Economy

Toronto Dominion Bank Buys 211968 Shares of Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (ABT) reported sales (ttm) of 23.61 Billion, whereas, 15 number of analysts estimated the mean sale of 6708.95 million. The Company's principal business is to serve as a holding firm for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The industry's and sector's high P/E for the past year is 137.03 and 33 respectively and low P/E ratio for the last 5 years is 5.52 for the industry and 9.96 for the Sector.

Grassi Investment Management decreased its stake in Abbott Labs Com (ABT) by 71.85% based on its latest 2016Q4 regulatory filing with the SEC. The stock grabbed 83 new institutional investments totaling 5,071,728 shares while 79 institutional investors sold out their entire positions totaling 10,023,195 shares. Abbott Labs now has $90.38B valuation. Investment Centers of America Inc. now owns 52,264 shares of the healthcare product maker's stock worth $2,310,000 after purchasing an additional 4,553 shares during the period. Weyerhaeuser Co (NYSE:WY) has risen 8.94% since September 11, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.

Nikko Asset Management Americas Inc increased Tot Us (NYSE:TOT) stake by 41,300 shares to 820,512 valued at $41.78 million in 2016Q4. Karpus Management Inc. owns 1.64 million shares or 0.72% of their USA portfolio. Bragg Advsr Inc has 0.36% invested in Abbott Laboratories (NYSE:ABT).

Investors sentiment decreased to 0.88 in Q4 2016. The Beta for the company stands at 1.57 and its Average True Range (ATR) shows a value of 0.6. Shelton Capital Management raised its position in shares of Abbott Laboratories by 17.0% during the first quarter. The institutional investor owned 12,922 shares of the healthcare product maker's stock after buying an additional 1,008 shares during the period. Main Street Rech Limited Liability Com invested in 0.04% or 5,359 shares. The stock of Abbott Laboratories (NYSE:ABT) earned "Buy" rating by Stifel Nicolaus on Thursday, July 20. 18,857 were accumulated by Reliance Trust Of Delaware. M&R Capital Management Incorporated holds 0.29% or 28,020 shares in its portfolio.

Abbott Laboratories (ABT) opened at 52.02 on Monday. 31,404 were accumulated by Security Natl Tru Communication. Moreover, Tci Wealth Advsrs has 0.42% invested in Abbott Laboratories (NYSE:ABT). 1,800 were reported by Castleark Limited Liability. Citigroup Inc. assumed coverage on shares of Abbott Laboratories in a research report on Thursday, August 17th. Train Babcock Advisors Limited Company reported 11,485 shares. Northstar stated it has 9,535 shares or 0.25% of all its holdings. Deutsche Savings Bank Ag, Germany-based fund reported 4.46 million shares. Vanguard Group Incorporated holds 102.19M shares or 0.22% of its portfolio.

Since March 31, 2017, it had 0 buys, and 2 selling transactions for $60,722 activity. Watkin Jared sold $26,482 worth of stock or 552 shares. Zacks Investment Research raised Abbott Laboratories from a "hold" rating to a "buy" rating and set a $49.00 target price on the stock in a research report on Tuesday, May 16th. Therefore 61% are positive. On average, analysts predict that Abbott Laboratories will post $2.49 EPS for the current fiscal year. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, October 9. The stock has "Outperform" rating by Iberia Capital Partners on Wednesday, January 13. The company has a consensus rating of "Buy" and a consensus price target of $52.50. The company was upgraded on Wednesday, June 29 by DA Davidson. Barclays Capital maintained the stock with "Overweight" rating in Thursday, April 20 report.

In other Abbott Laboratories news, insider Stephen R. Fussell sold 196,550 shares of Abbott Laboratories stock in a transaction dated Wednesday, August 16th. The firm earned "Outperform" rating on Monday, August 10 by Credit Suisse. Cypress Capital Management LLC WY increased its stake in Abbott Laboratories by 37.9% during the 1st quarter. Pacific Ridge Capital Partners Llc owns 349,695 shares or 1.19% of their USA portfolio.

Grassi Investment Management, which manages about $608.21M and $550.79 million US Long portfolio, upped its stake in Disney Walt Co (NYSE:DIS) by 49,105 shares to 53,442 shares, valued at $5.57 million in 2016Q4, according to the filing. New York-based Rothschild Asset Inc has invested 0.23% in Abbott Laboratories (NYSE:ABT). WASHINGTON TRUST Co now owns 110,535 shares of the healthcare product maker's stock worth $4,675,000 after buying an additional 76,306 shares during the last quarter.

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