Economy

Recent Price Moves Of Shares: Abbott Laboratories (ABT), Union Pacific Corporation (UNP)

Cowen and Company set a $68.00 price objective on Abbott Laboratories (NYSE:ABT) in a research report report published on Thursday, October 19th. The brokerage now has a buy rating on the healthcare product maker's stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. The stock of Abbott Laboratories (NYSE:ABT) has "Equal-Weight" rating given on Tuesday, July 11 by Morgan Stanley.

In the market the company is trading unchanged from yesterday's close of 54.29.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter. Zacks Investment Research cut shares of Abbott Laboratories from a buy rating to a hold rating in a research note on Tuesday, September 26th. October 19 investment analysts at BMO Capital left the company rating at "Neutral" but moved up the price target from $56.00 to $59.00. There are brokerage firms with lower targets than the average, including one setting a price target of $47.

The price of Abbott Laboratories (NYSE:ABT) over the past year has increased 37.30% while the S&P 500 has increased 20.80%. 607,744 shares of the company's stock were exchanged.

Abbott Laboratories (NYSE:ABT) touched its 1-Year High price of $56.69 on 10/23/17 and its 1-Year Low price of $37.38 on 12/01/16. The stock has a market capitalization of $94.34 billion, a price-to-earnings ratio of 76.05 and a beta of 1.06. The stock is now moving below its 20-Day Simple Moving Average of -1.39% with a 50-Day Simple Moving Average of 2.85 percent.

The collective rating of 2 for Abbott Laboratories (NYSE:ABT) also leans strongly towards the neutral end of the spectrum.

For the current quarter, 18 analysts are projecting a mean EPS of $0.73/share. Abbott Laboratories had a net margin of 8.37% and a return on equity of 14.50%.

Abbott Laboratories (NYSE:ABT) last announced its quarterly earnings results on Wednesday, October 18th. The healthcare product maker reported $0.66 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.65 by $0.01.

The company's ATR (Average True Range) is 2.06.

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The company declared a dividend for shareholders to be paid on Wednesday the 15th of November 2017. Investors of record on Friday, October 13th will be issued a dividend of $0.265 per share. The ex-dividend date will be on Thursday October 12th, 2017. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. Following the transaction, the insider now directly owns 221,488 shares in the company, valued at $10,963,656.

In related news, insider Jaime Contreras sold 52,700 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $51.97, for a total transaction of $2,738,819.00. The disclosure for this sale can be found here.

Looking into last 5 trades, the stock observed a return of nearly -3.19%. The other 4 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Cambridge Inv Advsrs holds 0.13% in Abbott Laboratories (NYSE:ABT) or 177,127 shares. St. Louis Trust Co lifted its holdings in Abbott Laboratories by 0.4% in the second quarter. For the long-term approach of trading or also can for short period of time, 200 days MA can also help to get idea about trading, ABT has 17.10% which indicates Bullish trends and this can also make isolating trends easier. Iowa-based Cambridge Investment Advisors has invested 0.13% in Abbott Laboratories (NYSE:ABT). (NYSE:LL) has a market cap of $990.25 million and over the last 12 months, LL has risen by 88.15%. Sanders Morris Harris LLC now owns 4,986 shares of the healthcare product maker's stock worth $242,000 after purchasing an additional 16 shares during the period. Alpha Windward LLC boosted its stake in Abbott Laboratories by 0.6% in the 2nd quarter.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 74 Percent.

Abbott is a global healthcare company devoted to improving life through the development of products and technologies that span the breadth of healthcare.



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