Founders Capital Management Lowers stake in Abbott Laboratories (ABT)

Abbott Laboratories (ABT) : Founders Capital Management reduced its stake in Abbott Laboratories by 1.03% during the most recent quarter end. The investment management company now holds a total of 42,252 shares of Abbott Laboratories which is valued at $1,837,962 after selling 438 shares in Abbott Laboratories , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Abbott Laboratories makes up approximately 1.03% of Founders Capital Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in ABT by selling 94,745 shares or 38.46% in the most recent quarter. The Hedge Fund company now holds 151,580 shares of ABT which is valued at $6,593,730. Abbott Laboratories makes up approx 0.14% of Oregon Public Employees Retirement Fund’s portfolio.Nadler Financial Group boosted its stake in ABT in the latest quarter, The investment management firm added 988 additional shares and now holds a total of 11,868 shares of Abbott Laboratories which is valued at $509,968. Abbott Laboratories makes up approx 0.20% of Nadler Financial Group’s portfolio.Academy Capital Management Inctx reduced its stake in ABT by selling 96 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 139,395 shares of ABT which is valued at $5,989,803. Abbott Laboratories makes up approx 1.60% of Academy Capital Management Inctx’s portfolio.Curbstone Financial Management Corp boosted its stake in ABT in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 24,712 shares of Abbott Laboratories which is valued at $1,056,191. Abbott Laboratories makes up approx 0.34% of Curbstone Financial Management Corp’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.

Abbott Laboratories closed down -2.34 points or -5.38% at $41.16 with 2,38,96,101 shares getting traded on Tuesday. Post opening the session at $43.2, the shares hit an intraday low of $41.02 and an intraday high of $43.27 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.