Abbott Laboratories (ABT) : Beese Fulmer Investment Management scooped up 1,882 additional shares in Abbott Laboratories during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 83,037 shares of Abbott Laboratories which is valued at $3,732,513.Abbott Laboratories makes up approximately 1.04% of Beese Fulmer Investment Management’s portfolio.
Other Hedge Funds, Including , Channing Capital Management boosted its stake in ABT in the latest quarter, The investment management firm added 30,622 additional shares and now holds a total of 181,489 shares of Abbott Laboratories which is valued at $8,157,931. Abbott Laboratories makes up approx 0.33% of Channing Capital Management’s portfolio.Next Financial Group Inc boosted its stake in ABT in the latest quarter, The investment management firm added 660 additional shares and now holds a total of 15,955 shares of Abbott Laboratories which is valued at $668,355. Abbott Laboratories makes up approx 0.21% of Next Financial Group Inc’s portfolio.Iowa State Bank boosted its stake in ABT in the latest quarter, The investment management firm added 1,120 additional shares and now holds a total of 31,933 shares of Abbott Laboratories which is valued at $1,337,673. Abbott Laboratories makes up approx 0.68% of Iowa State Bank’s portfolio.
Abbott Laboratories closed down -0.14 points or -0.31% at $44.81 with 65,83,457 shares getting traded on Thursday. Post opening the session at $45.06, the shares hit an intraday low of $44.78 and an intraday high of $45.09 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
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.