Stock Yards Bank Trust Co Lowers stake in Abbott Laboratories (ABT)

Abbott Laboratories (ABT) : Stock Yards Bank Trust Co reduced its stake in Abbott Laboratories by 45.34% during the most recent quarter end. The investment management company now holds a total of 45,841 shares of Abbott Laboratories which is valued at $1,869,854 after selling 38,018 shares in Abbott Laboratories , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Abbott Laboratories makes up approximately 0.26% of Stock Yards Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Btr Capital Management Inc reduced its stake in ABT by selling 475 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 126,150 shares of ABT which is valued at $5,145,659. Abbott Laboratories makes up approx 1.17% of Btr Capital Management Inc’s portfolio.Community Bank N.a. boosted its stake in ABT in the latest quarter, The investment management firm added 1,056 additional shares and now holds a total of 45,006 shares of Abbott Laboratories which is valued at $1,844,346. Abbott Laboratories makes up approx 0.43% of Community Bank N.a.’s portfolio.Fisher Asset Management boosted its stake in ABT in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 12,435 shares of Abbott Laboratories which is valued at $540,923.

Abbott Laboratories closed down -0.19 points or -0.46% at $40.79 with 88,18,965 shares getting traded on Friday. Post opening the session at $41.17, the shares hit an intraday low of $40.77 and an intraday high of $41.53 and the price fluctuated in this range throughout the day.Shares ended Friday 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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