Abbott Laboratories (ABT) : Stoneridge Investment Partners added new position in Abbott Laboratories during the most recent quarter end. The investment management firm now holds 291,119 shares of Abbott Laboratories which is valued at $12,713,167 , the company said in a statement filed on Jul 25, 2016 with the SEC.Abbott Laboratories makes up approximately 1.80% of Stoneridge Investment Partners’s portfolio.
Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in ABT by selling 2,100 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 96,400 shares of ABT which is valued at $4,209,788. Abbott Laboratories makes up approx 0.21% of Louisiana State Employees Retirement System’s portfolio.New York State Teachers Retirement System reduced its stake in ABT by selling 96,794 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 2,780,462 shares of ABT which is valued at $120,032,545. Abbott Laboratories makes up approx 0.30% of New York State Teachers Retirement System’s portfolio.Torch Wealth Management boosted its stake in ABT in the latest quarter, The investment management firm added 24,826 additional shares and now holds a total of 29,731 shares of Abbott Laboratories which is valued at $1,283,487. Abbott Laboratories makes up approx 0.91% of Torch Wealth Management’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in ABT by selling 6,285 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 278,255 shares of ABT which is valued at $12,012,268. Abbott Laboratories makes up approx 0.11% of Tiaa Cref Trust Co Fsbmo’s portfolio.Vontobel Asset Management Inc boosted its stake in ABT in the latest quarter, The investment management firm added 1,266,683 additional shares and now holds a total of 4,554,305 shares of Abbott Laboratories which is valued at $191,144,181. Abbott Laboratories makes up approx 1.56% of Vontobel Asset Management Inc’s portfolio.
Abbott Laboratories opened for trading at $44.38 and hit $45.12 on the upside on Friday, eventually ending the session at $44.75, with a gain of 0.67% or 0.3 points. The heightened volatility saw the trading volume jump to 1,34,23,155 shares. Company has a market cap of $65,745 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.