Private Bank Trust Co Lowers stake in Abbott Laboratories (ABT)

Abbott Laboratories (ABT) : Private Bank Trust Co reduced its stake in Abbott Laboratories by 0.94% during the most recent quarter end. The investment management company now holds a total of 27,705 shares of Abbott Laboratories which is valued at $1,135,351 after selling 264 shares in Abbott Laboratories , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Abbott Laboratories makes up approximately 0.18% of Private Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Ct Financial Advisors reduced its stake in ABT by selling 729 shares or 17.08% in the most recent quarter. The Hedge Fund company now holds 3,540 shares of ABT which is valued at $145,706. Abbott Laboratories makes up approx 0.09% of Ct Financial Advisors’s portfolio.First National Bank Of Omaha reduced its stake in ABT by selling 69,833 shares or 33.62% in the most recent quarter. The Hedge Fund company now holds 137,894 shares of ABT which is valued at $5,675,717. Abbott Laboratories makes up approx 0.45% of First National Bank Of Omaha’s portfolio.Dynamic Advisors Solutions boosted its stake in ABT in the latest quarter, The investment management firm added 12,593 additional shares and now holds a total of 26,708 shares of Abbott Laboratories which is valued at $1,161,798. Abbott Laboratories makes up approx 0.44% of Dynamic Advisors Solutions’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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