Abbott Laboratories (ABT) : Bridges Investment Management Inc reduced its stake in Abbott Laboratories by 3.62% during the most recent quarter end. The investment management company now holds a total of 31,936 shares of Abbott Laboratories which is valued at $1,407,739 after selling 1,199 shares in Abbott Laboratories , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Abbott Laboratories makes up approximately 0.25% of Bridges Investment Management Inc’s portfolio.
Abbott Laboratories closed down -0.05 points or -0.11% at $43.83 with 50,35,092 shares getting traded on Wednesday. Post opening the session at $43.93, the shares hit an intraday low of $43.69 and an intraday high of $44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Alta Capital Management reduced its stake in ABT by selling 690 shares or 4.83% in the most recent quarter. The Hedge Fund company now holds 13,589 shares of ABT which is valued at $599,003. Abbott Laboratories makes up approx 0.04% of Alta Capital Management’s portfolio.Winslow Evans Crocker reduced its stake in ABT by selling 300 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 28,104 shares of ABT which is valued at $1,238,824. Abbott Laboratories makes up approx 0.37% of Winslow Evans Crocker’s portfolio.Vontobel Asset Management Inc boosted its stake in ABT in the latest quarter, The investment management firm added 166,302 additional shares and now holds a total of 3,287,622 shares of Abbott Laboratories which is valued at $144,918,378. Abbott Laboratories makes up approx 1.14% of Vontobel Asset Management Inc’s portfolio.Stewart Patten Co boosted its stake in ABT in the latest quarter, The investment management firm added 6,415 additional shares and now holds a total of 236,513 shares of Abbott Laboratories which is valued at $10,267,029. Abbott Laboratories makes up approx 2.05% of Stewart Patten Co’s portfolio.Capstone Asset Management Co reduced its stake in ABT by selling 577 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 433,339 shares of ABT which is valued at $18,811,246. Abbott Laboratories makes up approx 0.54% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, Abbott Laboratories reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.39. The company had revenue of $4885.00 million for the quarter, compared to analysts expectations of $4777.68 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Abbott Laboratories. Company shares were Reiterated by RBC Capital Mkts on Apr 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 45 from a previous price target of $51 .
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.