Abbott Laboratories (ABT) Insider Brian J. Blaser Sells 23,866 Shares

Abbott Laboratories (NYSE:ABT) insider Brian J. Blaser sold 23,866 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $55.55, for a total value of $1,325,756.30. Following the completion of the sale, the insider now owns 146,387 shares in the company, valued at approximately $8,131,797.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Abbott Laboratories (NYSE:ABT) traded up $0.03 during trading on Thursday, hitting $54.69. The stock had a trading volume of 4,421,939 shares, compared to its average volume of 6,601,102. Abbott Laboratories has a twelve month low of $37.90 and a twelve month high of $56.69. The company has a current ratio of 2.69, a quick ratio of 2.26 and a debt-to-equity ratio of 0.72. The firm has a market cap of $95,210.00, a price-to-earnings ratio of 22.73, a PEG ratio of 2.05 and a beta of 1.55.

Abbott Laboratories (NYSE:ABT) last posted its earnings results 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 for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the prior year, the company earned $0.59 EPS. Abbott Laboratories’s revenue was up 28.8% on a year-over-year basis. research analysts expect that Abbott Laboratories will post 2.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 13th were issued a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.06 annualized dividend and a yield of 1.94%. Abbott Laboratories’s dividend payout ratio (DPR) is 87.60%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sanders Morris Harris LLC increased its holdings in shares of Abbott Laboratories by 0.3% in the 2nd quarter. Sanders Morris Harris LLC now owns 4,986 shares of the healthcare product maker’s stock valued at $242,000 after acquiring an additional 16 shares during the last quarter. St. Louis Trust Co boosted its position in shares of Abbott Laboratories by 0.4% in the 2nd quarter. St. Louis Trust Co now owns 4,904 shares of the healthcare product maker’s stock valued at $238,000 after purchasing an additional 20 shares during the period. Alpha Windward LLC lifted its position in Abbott Laboratories by 0.6% during the 2nd quarter. Alpha Windward LLC now owns 5,434 shares of the healthcare product maker’s stock worth $264,000 after acquiring an additional 30 shares during the period. Lakeview Capital Partners LLC lifted its position in Abbott Laboratories by 0.6% during the 2nd quarter. Lakeview Capital Partners LLC now owns 5,691 shares of the healthcare product maker’s stock worth $277,000 after acquiring an additional 33 shares during the period. Finally, Johanson Financial Advisors Inc. lifted its position in Abbott Laboratories by 0.5% during the 2nd quarter. Johanson Financial Advisors Inc. now owns 7,017 shares of the healthcare product maker’s stock worth $343,000 after acquiring an additional 37 shares during the period. Institutional investors own 71.01% of the company’s stock.

Several equities analysts have recently commented on the company. Cowen restated a “buy” rating and set a $55.00 price target on shares of Abbott Laboratories in a research note on Thursday, August 17th. BMO Capital Markets reissued a “market perform” rating on shares of Abbott Laboratories in a report on Thursday, October 19th. Barclays raised their price target on Abbott Laboratories from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, September 28th. Citigroup started coverage on Abbott Laboratories in a report on Thursday, August 17th. They set a “neutral” rating and a $53.00 target price for the company. Finally, Bank of America reaffirmed a “buy” rating and set a $60.00 target price (up previously from $56.00) on shares of Abbott Laboratories in a report on Wednesday, October 4th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Abbott Laboratories currently has a consensus rating of “Buy” and an average price target of $56.81.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/07/brian-j-blaser-sells-23866-shares-of-abbott-laboratories-abt-stock.html.

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)

Receive News & Ratings for Abbott Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abbott Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply