Abbott Laboratories (ABT) : Kidder Stephen W scooped up 8,350 additional shares in Abbott Laboratories during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 120,280 shares of Abbott Laboratories which is valued at $5,418,614.Abbott Laboratories makes up approximately 2.09% of Kidder Stephen W’s portfolio.
Other Hedge Funds, Including , Sheaff Brock Investment Advisors boosted its stake in ABT in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 21,699 shares of Abbott Laboratories which is valued at $982,097. Abbott Laboratories makes up approx 0.12% of Sheaff Brock Investment Advisors’s portfolio.Rothschild Asset Management Inc reduced its stake in ABT by selling 73,278 shares or 11.61% in the most recent quarter. The Hedge Fund company now holds 557,744 shares of ABT which is valued at $25,070,593. Abbott Laboratories makes up approx 0.44% of Rothschild Asset Management Inc’s portfolio. Trillium Asset Management sold out all of its stake in ABT during the most recent quarter. The investment firm sold 5,480 shares of ABT which is valued $245,230.Abner Herrman Brock boosted its stake in ABT in the latest quarter, The investment management firm added 17,898 additional shares and now holds a total of 171,085 shares of Abbott Laboratories which is valued at $7,180,437. Abbott Laboratories makes up approx 1.66% of Abner Herrman Brock’s portfolio.
Abbott Laboratories opened for trading at $45.2 and hit $45.23 on the upside on Monday, eventually ending the session at $45.15, with a gain of 0.24% or 0.11 points. The heightened volatility saw the trading volume jump to 65,25,830 shares. Company has a market cap of $66,370 M.
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.