Old Mutual Global Investors (uk) Ltd. buys $129,466,787 stake in Abbott Laboratories (ABT)

Abbott Laboratories (ABT) : Old Mutual Global Investors (uk) Ltd. scooped up 2,990,220 additional shares in Abbott Laboratories during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 2,998,999 shares of Abbott Laboratories which is valued at $129,466,787.Abbott Laboratories makes up approximately 2.31% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

Other Hedge Funds, Including , America First Investment Advisors boosted its stake in ABT in the latest quarter, The investment management firm added 3,015 additional shares and now holds a total of 204,359 shares of Abbott Laboratories which is valued at $8,822,178. Abbott Laboratories makes up approx 3.62% of America First Investment Advisors’s portfolio.Graybill Bartz Assoc Ltd reduced its stake in ABT by selling 805 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 31,787 shares of ABT which is valued at $1,355,716. Abbott Laboratories makes up approx 1.20% of Graybill Bartz Assoc Ltd’s portfolio.Mutual Of Omaha Bank Wealth Management reduced its stake in ABT by selling 580 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 120,530 shares of ABT which is valued at $5,058,644. Abbott Laboratories makes up approx 1.65% of Mutual Of Omaha Bank Wealth Management’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.

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