Abbott Laboratories (NYSE:ABT) Analytical Analysis

Abbott Laboratories (NYSE:ABT) Analytical Analysis”

Insiders have sold 333,310 shares of company stock worth $16,857,255 over the last 90 days. James Investment Rech Inc, Ohio-based fund reported 23,940 shares. It has outperformed by 6.37% the S&P500. The Gilder Gagnon Howe & Co Llc holds 111,910 shares with $3.84M value, down from 166,845 last quarter. Abbott Labs now has $95.49B valuation. Also, insider Brian J. Blaser sold 15,000 shares of Abbott Laboratories stock in a transaction dated Thursday, July 27th. It has underperformed by 0.80% the S&P500.

The Abbott Park, IL-based medical products giant reported Q3 earnings per share (EPS) of $0.66, which was $0.01 better than the Wall Street consensus estimate of $0.65. Therefore 53% are positive. Finally, Cowen and Company restated a "buy" rating and set a $55.00 price target on shares of Abbott Laboratories in a research report on Thursday, August 17th. The stock has an average rating of "Buy" and a consensus target price of $54.94.

05/30/2017 - Abbott Laboratories had its "buy" rating reiterated by analysts at Stifel Nicolaus. BidaskClub lowered shares of Abbott Laboratories from a "buy" rating to a "hold" rating in a report on Sunday, August 6th. The average 12-month price objective among analysts that have issued a report on the stock in the previous year is $55.86. The rating was maintained by RBC Capital Markets with "Sell" on Friday, July 7. RBC Capital Markets maintained the stock with "Outperform" rating in Friday, January 29 report. The rating was reinitiated by BTIG Research with "Buy" on Wednesday, June 21. The firm has "Buy" rating given on Tuesday, September 5 by Jefferies. As per Tuesday, September 13, the company rating was maintained by Jefferies. Jefferies maintained the shares of ABT in report on Friday, June 16 with "Buy" rating. On average, equities analysts anticipate that Abbott Laboratories will post $2.49 earnings per share for the current fiscal year. During the same quarter past year, the business posted $0.55 earnings per share. ABT's profit will be $1.13 billion for 21.01 P/E if the $0.65 EPS becomes a reality.

Since May 4, 2017, it had 0 insider purchases, and 8 selling transactions for $4.84 million activity. Another trade for 552 shares valued at $26,482 was made by Watkin Jared on Thursday, June 15. Investors of record on Friday, October 13th will be issued a $0.265 dividend. Given that liquidity is king in short-term, ABT is a stock with 1.74 billion shares outstanding that normally trades 0.87% of its float.

Anchor Capital Advisors LLC reduced its stake in Abbott Laboratories (NYSE:ABT) by 24.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. Heritage Trust Co raised its stake in Abbott Laboratories by 10.1% during the second quarter. Johanson Financial Advisors Inc. now owns 7,017 shares of the healthcare product maker's stock worth $343,000 after buying an additional 37 shares in the last quarter. Mountain Pacific Investment Advisers Id owns 34,051 shares. Smith Chas P & Pa Cpas holds 36,602 shares or 0.26% of its portfolio. Commerzbank Aktiengesellschaft Fi has 315,673 shares. Abbott Laboratories (NYSE:ABT) shares have been recently spotted -0.57% away from the 52-week high, and 47.45% away from the 52-week low mark.

Heading into the stock price potential, Abbott Laboratories needs to grow just 1.59% to cross its median price target of $55.5. Quantitative Systematic Strategies Ltd Liability Corporation stated it has 0.42% of its portfolio in Abbott Laboratories (NYSE:ABT).

Abbott Laboratories (ABT) have shown a high EPS growth of 0.00% in the last 5 years and has earnings decline of -58.60% yoy. 565,273 are owned by Anchor Capital Limited Liability Corp. Stock Yards Bank & Trust Co bought 15,698 shares as the company's stock declined 3.42% while stock markets rallied. Pennsylvania Co invested in 0.75% or 313,399 shares. Adobe Systems Inc (NASDAQ:ADBE) was raised too. Century has invested 0.07% in CDW Corp (NASDAQ:CDW). It also reduced its holding in Spdr S&P 500 Etf Trust (SPY) by 2,679 shares in the quarter, leaving it with 106,527 shares, and cut its stake in Novo Nordisk A/S Spons Adr (NYSE:NVO). 24 funds opened positions while 77 raised stakes. Following the completion of the sale, the insider now directly owns 113,426 shares in the company, valued at $6,005,906.70. Laurion Cap Lp holds 4,128 shares. Schwab Charles Investment Mgmt Inc holds 0.01% or 174,801 shares in its portfolio. Jane Street Group Lc has invested 0.02% in Abbott Laboratories (NYSE:ABT). Westpac Banking holds 527,130 shares or 0% of its portfolio. The biggest holder now is Daniel J. Starks who owns 6,943,248 shares (0.40% of those outstanding), whilst White Miles D holds 3,143,077 (0.18% of shares outstanding) and Eric S. Fain, M.D. holds 493,961 (0.03% of shares outstanding). Sei Invs Com has 269,885 shares. 249,054 were reported by Parsec Mngmt. World Asset Mngmt owns 0.01% invested in Owens Corning (NYSE:OC) for 4,658 shares.

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