Abbott Laboratories (ABT) : Jones Collombin Investment Counsel Inc reduced its stake in Abbott Laboratories by 7.86% during the most recent quarter end. The investment management company now holds a total of 221,933 shares of Abbott Laboratories which is valued at $9,052,647 after selling 18,940 shares in Abbott Laboratories , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Abbott Laboratories makes up approximately 2.86% of Jones Collombin Investment Counsel Inc’s portfolio.
Other Hedge Funds, Including , Needelman Asset Management Inc reduced its stake in ABT by selling 45 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 18,547 shares of ABT which is valued at $760,056. Abbott Laboratories makes up approx 2.34% of Needelman Asset Management Inc’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in ABT by selling 4,948 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 375,342 shares of ABT which is valued at $16,128,446. Abbott Laboratories makes up approx 0.34% of Exxonmobil Investment Management Inc Tx’s portfolio.Lynch Associatesin boosted its stake in ABT in the latest quarter, The investment management firm added 5,055 additional shares and now holds a total of 52,281 shares of Abbott Laboratories which is valued at $2,234,490. Abbott Laboratories makes up approx 0.99% of Lynch Associatesin’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.