Abbott Laboratories (ABT) : Hm Payson Co scooped up 69,897 additional shares in Abbott Laboratories during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 846,141 shares of Abbott Laboratories which is valued at $38,118,652.Abbott Laboratories makes up approximately 1.83% of Hm Payson Co’s portfolio.
Other Hedge Funds, Including , Dempze Nancy E boosted its stake in ABT in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 24,300 shares of Abbott Laboratories which is valued at $1,094,715. Abbott Laboratories makes up approx 1.88% of Dempze Nancy E’s portfolio.Brown Capital Management reduced its stake in ABT by selling 495 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 12,728 shares of ABT which is valued at $576,069. Abbott Laboratories makes up approx 0.01% of Brown Capital Management’s portfolio.Gamco Investors Et Al reduced its stake in ABT by selling 10 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 13,685 shares of ABT which is valued at $619,383.Penobscot Investment Management Company reduced its stake in ABT by selling 4,465 shares or 5.49% in the most recent quarter. The Hedge Fund company now holds 76,800 shares of ABT which is valued at $3,436,800. Abbott Laboratories makes up approx 1.20% of Penobscot Investment Management Company’s portfolio.Security National Trust Co boosted its stake in ABT in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 30,555 shares of Abbott Laboratories which is valued at $1,319,059. Abbott Laboratories makes up approx 0.47% of Security National Trust Co’s portfolio.
Abbott Laboratories opened for trading at $45.2 and hit $45.23 on the upside on Monday, eventually ending the session at $45.15, with a gain of 0.24% or 0.11 points. The heightened volatility saw the trading volume jump to 65,25,830 shares. Company has a market cap of $66,370 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.