Vontobel Asset Management Inc Lowers stake in Abbott Laboratories (ABT)

Abbott Laboratories (ABT) : Vontobel Asset Management Inc reduced its stake in Abbott Laboratories by 0.37% during the most recent quarter end. The investment management company now holds a total of 4,537,309 shares of Abbott Laboratories which is valued at $197,372,942 after selling 16,996 shares in Abbott Laboratories , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Abbott Laboratories makes up approximately 1.57% of Vontobel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in ABT in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 5,864 shares of Abbott Laboratories which is valued at $255,084. Abbott Laboratories makes up approx 0.04% of Carroll Financial Associates’s portfolio.Advisory Services Network boosted its stake in ABT in the latest quarter, The investment management firm added 735 additional shares and now holds a total of 5,692 shares of Abbott Laboratories which is valued at $244,585. Abbott Laboratories makes up approx 0.05% of Advisory Services Network’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.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.Lvm Capital Management Ltdmi boosted its stake in ABT in the latest quarter, The investment management firm added 30,674 additional shares and now holds a total of 64,149 shares of Abbott Laboratories which is valued at $2,741,728. Abbott Laboratories makes up approx 0.87% of Lvm Capital Management Ltdmi’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.

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