Economy

Northside Capital Management LLC Reduces Stake in Abbott Laboratories (ABT)

The Bank Of Nova Scotia holds 393,106 shares with $19.11 million value, down from 401,349 last quarter. W.P. Carey Inc. REIT (NYSE:WPC) has risen 2.82% since October 9, 2016 and is uptrending. It has underperformed by 0.80% the S&P500. The stock increased 0.04% or $0.03 during the last trading session, reaching $76. ABT's profit would be $1.13 billion giving it 21.05 P/E if the $0.65 EPS is correct. Peak Asset Management Ltd Liability invested 0.33% in Abbott Laboratories (NYSE:ABT).

The stock decreased 0.07% or $0.01 on October 6, reaching $15.08.

About 345,125 shares traded.

Driving interest in Abbott Laboratories (ABT) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage.

Abbott Laboratories is engaged in the discovery, development, manufacture and sale of a range of healthcare products. The company has market cap of $95.56 billion. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. It has a 20.75 P/E ratio. Its Established Pharmaceutical Products include a range of branded generic pharmaceuticals manufactured around the world and marketed and sold outside the United States.

DnB Asset Management AS raised its position in shares of Abbott Laboratories (NYSE:ABT) by 2.0% during the first quarter, Holdings Channel reports. Therefore 58% are positive. Royal Bank Of Canada reiterated a "buy" rating and issued a $55.00 target price on shares of Abbott Laboratories in a report on Tuesday, October 3rd. The stock was trading at a distance of -0.58% from its 52-week highs and stands 46.58% away from its 52-week lows. Abbott Laboratories had 78 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Thursday, August 4 with "Buy". The stock of Abbott Laboratories (NYSE:ABT) earned "Buy" rating by Jefferies on Tuesday, September 13. BMO Capital Markets has "Hold" rating and $4800 target. Marshwinds Advisory has 1.53% invested in Abbott Laboratories (NYSE:ABT). RBC Capital Markets maintained Abbott Laboratories (NYSE:ABT) on Monday, October 2 with "Buy" rating. On Wednesday, June 21 the stock rating was reinitiated by BTIG Research with "Buy". Finally, Barclays PLC boosted their target price on Abbott Laboratories from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, September 28th. Its down 0.75, from 1.63 in 2017Q1.

Want to see what other hedge funds are holding ABT? Wallace Cap Mgmt holds 0.03% or 4,133 shares in its portfolio. Robeco Institutional Asset Mgmt Bv stated it has 0.03% in Abbott Laboratories (NYSE:ABT).

Covey Capital Advisors Llc holds 20.71% of its portfolio in FedEx Corporation for 88,319 shares.

TRADEMARK VIOLATION NOTICE: "Abbott Laboratories (ABT) Research Coverage Started at J P Morgan Chase & Co" was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. Lee Danner & Bass, Tennessee-based fund reported 59,889 shares. Wfg Ltd Partnership invested in 0.09% or 8,003 shares. Abbott Laboratories (ABT)'s Williams %R presently stands at -12.06.

But it's not just selling activity that is creating investor interest in ABT; over the last several weeks, several insiders have bought shares. Quantitative Systematic Strategies Limited Company has invested 0.42% in Abbott Laboratories (NYSE:ABT). In the last three months, insiders have sold 52,692 shares of company stock worth $2,374,632. Profund Advsr Ltd Liability Com reported 0.02% stake. Stifel Nicolaus maintained Abbott Laboratories (NYSE:ABT) on Thursday, July 20 with "Buy" rating. July 21 investment analysts at Deutsche Bank held the company rating at "Buy" but raised the price target to $56.00 from $54.00. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. The stock exchanged hands with 868,177 numbers of shares compared to its average daily volume of 5.47M shares. On Thursday, August 27 the stock rating was maintained by Wells Fargo with "Buy". The ex-dividend date of this dividend was Tuesday, April 11th. The firm earned "In-Line" rating on Monday, April 3 by Evercore. As per Friday, November 13, the company rating was downgraded by Goldman Sachs. The firm has "Sell" rating by Citigroup given on Friday, December 11.

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