Abbott Laboratories (ABT) : Beaumont Financial Partners reduced its stake in Abbott Laboratories by 5.13% during the most recent quarter end. The investment management company now holds a total of 121,895 shares of Abbott Laboratories which is valued at $5,490,151 after selling 6,586 shares in Abbott Laboratories , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Abbott Laboratories makes up approximately 0.87% of Beaumont Financial Partners’s portfolio.
Other Hedge Funds, Including , Arbor Wealth Management reduced its stake in ABT by selling 586 shares or 3.84% in the most recent quarter. The Hedge Fund company now holds 14,688 shares of ABT which is valued at $661,548. Abbott Laboratories makes up approx 0.62% of Arbor Wealth Management’s portfolio.State Treasurer State Of Michigan boosted its stake in ABT in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 544,363 shares of Abbott Laboratories which is valued at $24,469,117. Abbott Laboratories makes up approx 0.19% of State Treasurer State Of Michigan’s portfolio.Norris Perne French Llpmi boosted its stake in ABT in the latest quarter, The investment management firm added 10,482 additional shares and now holds a total of 245,759 shares of Abbott Laboratories which is valued at $10,732,296. Abbott Laboratories makes up approx 2.25% of Norris Perne French Llpmi’s portfolio.Bennicas Associates reduced its stake in ABT by selling 800 shares or 4.01% in the most recent quarter. The Hedge Fund company now holds 19,174 shares of ABT which is valued at $817,771. Abbott Laboratories makes up approx 0.72% of Bennicas Associates’s portfolio.
Abbott Laboratories closed down -0.12 points or -0.27% at $44.24 with 94,39,877 shares getting traded on Friday. Post opening the session at $44.17, the shares hit an intraday low of $43.645 and an intraday high of $44.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Abbott Laboratories reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.53. The company had revenue of $5333.00 million for the quarter, compared to analysts expectations of $5244.94 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on Abbott Laboratories. Abbott Laboratories was Upgraded by Edward Jones to ” Buy” on Jun 21, 2016.
Abbott Laboratories (Abbott) is engaged in the discovery development manufacture and sale of a range of health care products. Abbott operates in four business segments: Established Pharmaceutical Products Diagnostic Products Nutritional Products and Vascular Products. The Established Pharmaceutical Products segment includes the international sales of a line of branded generic pharmaceutical products. The Diagnostic Products segment includes the sales of a line of adult and pediatric nutritional products. The Nutritional Products includes the sales of diagnostic systems and tests for blood banks hospitals commercial laboratories and alternate-care testing sites. The Vascular Products includes the sales of coronary endovascular structural heart vessel closure and other medical device products.