Callahan Advisors buys $3,077,075 stake in Abbott Laboratories (ABT)

Abbott Laboratories (ABT) : Callahan Advisors scooped up 6,556 additional shares in Abbott Laboratories during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 75,437 shares of Abbott Laboratories which is valued at $3,077,075.Abbott Laboratories makes up approximately 0.78% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in ABT in the latest quarter, The investment management firm added 76,331 additional shares and now holds a total of 963,869 shares of Abbott Laboratories which is valued at $39,316,217. Abbott Laboratories makes up approx 0.32% of National Pension Service’s portfolio.Community Bank N.a. boosted its stake in ABT in the latest quarter, The investment management firm added 1,056 additional shares and now holds a total of 45,006 shares of Abbott Laboratories which is valued at $1,844,346. Abbott Laboratories makes up approx 0.43% of Community Bank N.a.’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in ABT by selling 56,574 shares or 19.22% in the most recent quarter. The Hedge Fund company now holds 237,809 shares of ABT which is valued at $9,745,413. Abbott Laboratories makes up approx 0.65% of Dalton Greiner Hartman Maher Co’s portfolio.Private Asset Management Inc reduced its stake in ABT by selling 110 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 12,608 shares of ABT which is valued at $538,866. Abbott Laboratories makes up approx 0.09% of Private Asset Management Inc’s portfolio.Independent Portfolio Consultants reduced its stake in ABT by selling 345 shares or 12.0% in the most recent quarter. The Hedge Fund company now holds 2,530 shares of ABT which is valued at $108,132. Abbott Laboratories makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.

Abbott Laboratories closed down -0.19 points or -0.46% at $40.79 with 88,18,965 shares getting traded on Friday. Post opening the session at $41.17, the shares hit an intraday low of $40.77 and an intraday high of $41.53 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Abbott Laboratories - Is it time to Sell?

Top Brokerage Firms are advising their investors on Abbott Laboratories. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.