Abbott Laboratories (ABT) Insider Sells $3,913,635.00 in Stock

Abbott Laboratories (NYSE:ABT) insider Daniel Gesua Sive Salvadori sold 71,157 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $55.00, for a total transaction of $3,913,635.00. Following the completion of the sale, the insider now directly owns 144,955 shares of the company’s stock, valued at approximately $7,972,525. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Daniel Gesua Sive Salvadori also recently made the following trade(s):

  • On Monday, October 23rd, Daniel Gesua Sive Salvadori sold 96,603 shares of Abbott Laboratories stock. The stock was sold at an average price of $56.21, for a total transaction of $5,430,054.63.
  • On Tuesday, September 26th, Daniel Gesua Sive Salvadori sold 62,460 shares of Abbott Laboratories stock. The shares were sold at an average price of $52.95, for a total transaction of $3,307,257.00.

Abbott Laboratories (ABT) traded down $1.27 during mid-day trading on Monday, hitting $54.71. The stock had a trading volume of 4,588,908 shares, compared to its average volume of 6,614,972. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.69 and a quick ratio of 2.26. Abbott Laboratories has a 1-year low of $37.42 and a 1-year high of $56.69. The firm has a market capitalization of $95,230.00, a P/E ratio of 23.23, a P/E/G ratio of 2.10 and a beta of 1.55.

Abbott Laboratories (NYSE:ABT) last released its quarterly earnings data on Wednesday, October 18th. The healthcare product maker reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Abbott Laboratories had a return on equity of 13.98% and a net margin of 8.37%. The firm had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter in the prior year, the business posted $0.59 earnings per share. Abbott Laboratories’s revenue was up 28.8% compared to the same quarter last year. equities research analysts expect that Abbott Laboratories will post 2.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 13th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, October 12th. Abbott Laboratories’s dividend payout ratio is currently 87.60%.

Several hedge funds have recently made changes to their positions in ABT. Vanguard Group Inc. increased its position in Abbott Laboratories by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 129,786,955 shares of the healthcare product maker’s stock worth $6,308,944,000 after purchasing an additional 3,241,063 shares in the last quarter. State Street Corp increased its position in Abbott Laboratories by 18.9% during the 1st quarter. State Street Corp now owns 80,499,469 shares of the healthcare product maker’s stock worth $3,574,987,000 after purchasing an additional 12,806,535 shares in the last quarter. Capital Research Global Investors boosted its stake in Abbott Laboratories by 45.7% in the 2nd quarter. Capital Research Global Investors now owns 47,589,663 shares of the healthcare product maker’s stock worth $2,313,334,000 after buying an additional 14,918,038 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Abbott Laboratories by 11.0% in the 1st quarter. Bank of New York Mellon Corp now owns 33,796,869 shares of the healthcare product maker’s stock worth $1,500,920,000 after buying an additional 3,344,508 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Abbott Laboratories by 3.1% in the 2nd quarter. Northern Trust Corp now owns 26,865,706 shares of the healthcare product maker’s stock worth $1,305,942,000 after buying an additional 809,732 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Several brokerages have recently weighed in on ABT. ValuEngine cut shares of Abbott Laboratories from a “buy” rating to a “hold” rating in a research report on Friday. Barclays boosted their price target on shares of Abbott Laboratories from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, September 28th. Zacks Investment Research lowered shares of Abbott Laboratories from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BMO Capital Markets restated a “hold” rating and set a $53.00 target price on shares of Abbott Laboratories in a research note on Monday, October 2nd. Finally, Stifel Nicolaus upped their target price on shares of Abbott Laboratories from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.81.

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About Abbott Laboratories

Abbott Laboratories is engaged in the discovery, development, manufacture and sale of a range of healthcare products. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. Its Established Pharmaceutical Products include a range of branded generic pharmaceuticals manufactured around the world and marketed and sold outside the United States.

Insider Buying and Selling by Quarter for Abbott Laboratories (NYSE:ABT)

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