Abbott Laboratories (ABT) : Integrated Wealth Management reduced its stake in Abbott Laboratories by 3.75% during the most recent quarter end. The investment management company now holds a total of 32,791 shares of Abbott Laboratories which is valued at $1,473,955 after selling 1,277 shares in Abbott Laboratories , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Abbott Laboratories makes up approximately 0.56% of Integrated Wealth Management’s portfolio.
Other Hedge Funds, Including , True Private Wealth Advisors sold out all of its stake in ABT during the most recent quarter. The investment firm sold 4,914 shares of ABT which is valued $220,884.Arcadia Investment Management Corpmi reduced its stake in ABT by selling 1,483 shares or 9.34% in the most recent quarter. The Hedge Fund company now holds 14,394 shares of ABT which is valued at $605,843. Abbott Laboratories makes up approx 0.19% of Arcadia Investment Management Corpmi’s portfolio.Sonora Investment Management reduced its stake in ABT by selling 26 shares or 4.01% in the most recent quarter. The Hedge Fund company now holds 622 shares of ABT which is valued at $26,180. Abbott Laboratories makes up approx 0.01% of Sonora Investment Management’s portfolio.
Abbott Laboratories closed down -0.14 points or -0.31% at $44.81 with 65,83,457 shares getting traded on Thursday. Post opening the session at $45.06, the shares hit an intraday low of $44.78 and an intraday high of $45.09 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.