Thursday, 18 October, 2018


Blackhill Capital Inc. Raises Stake in Abbott Laboratories (NYSE:ABT)

Conrad Doyle | 13 January, 2018, 20:05

Integrys Wealth Advisors Llc sold 31,873 shares as the company's stock declined 3.42% while stock markets rallied. The hedge fund run by Ric Dillon held 11.04M shares of the major pharmaceuticals company at the end of 2017Q3, valued at $589.08M, down from 11.96 million at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Medical Pptys Trust Inc for a number of months, seems to be bullish on the $4.67B market cap company. The lowest price the stock reached in the last trading day was $0.405 and compares with the $0.30 52-week low.

On average, analysts expect that Abbott Laboratories will report full year sales of $7.37 billion for the current financial year, with estimates ranging from $27.00 billion to $27.31 billion.

Perkins Investment Management LLC lowered its position in Abbott Laboratories (NYSE:ABT) by 6.3% during the third quarter, Holdings Channel reports. It has underperformed by 21.19% the S&P500.

Stuyvesant Capital Management increased its stake in Mcewen Mng Inc (MUX) by 699.88% based on its latest 2017Q3 regulatory filing with the SEC. Capital Research Global Investors now owns 47,589,663 shares of the healthcare product maker's stock valued at $2,313,334,000 after buying an additional 14,918,038 shares during the period. The institutional investor held 36,103 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $873,000, up from 200 at the end of the previous reported quarter.

The counter witnessed a trading volume of 0.6 million shares versus an average volume of 0.45 million shares during last trading session. About 1.09 million shares traded or 159.89% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 12, 2017 and is downtrending. It has outperformed by 7.70% the S&P500. Ferguson Wellman Cap Mngmt Inc has 54,977 shares. The business's revenue for the quarter was up 2.8% on a year-over-year basis.

Since August 7, 2017, it had 0 insider buys, and 6 selling transactions for $4.14 million activity. 24,693 shares were sold by Comstock Elizabeth J, worth $633,375. Following the completion of the acquisition, the insider now owns 51,532 shares of the company's stock, valued at $2,014,385.88. The insider Meyers Charles J sold $501,183. ValuEngine downgraded Abbott Laboratories from a "buy" rating to a "hold" rating in a research note on Friday, December 1st.

Ratings analysis reveals 72% of Abbott Laboratories's analysts are positive. Abbott Laboratories had 92 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus lifted their target price on Abbott Laboratories from $58.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 19th. The stock has a market capitalization of $102,420.00, a PE ratio of 48.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.55. Stifel Nicolaus upgraded Equinix, Inc. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. SunTrust maintained Equinix, Inc. Morgan Stanley has "Equal-Weight" rating and $6 target. Abbott Laboratories has a consensus rating of "Buy" and an average price target of $59.59. Deutsche Bank maintained Abbott Laboratories (NYSE:ABT) on Saturday, August 29 with "Buy" rating. The firm has "Neutral" rating by Piper Jaffray given on Thursday, April 28.

Investors sentiment increased to 1.05 in Q3 2017. It improved, as 40 investors sold Ralph Lauren Corporation shares while 111 reduced holdings. 118 funds opened positions while 525 raised stakes. Peak6 Invests Limited Partnership stated it has 85,867 shares. Insiders own 0.76% of the company's stock. Canada Pension Plan Inv Board holds 0.03% or 188,807 shares. 6,129 are held by M&T Bank Corp. Nomura stated it has 0.01% of its portfolio in Cardinal Health, Inc. (NASDAQ:REIT) for 155 shares. Grantham Mayo Van Otterloo Ltd Liability Corporation holds 1.51% of its portfolio in Abbott Laboratories (NYSE:ABT) for 4.85M shares. Gotham Asset Mgmt Limited Co holds 331,426 shares. First Merchants Corp has 84,576 shares for 0.78% of their portfolio. Comml Bank Of Nova Scotia holds 0% in Equinix, Inc. Assetmark stated it has 1,654 shares or 0% of all its holdings. First Midwest Financial Bank Trust Division owns 8,720 shares. Massachusetts Financial Co Ma, a Massachusetts-based fund reported 49.17 million shares. (NASDAQ:REIT). Parametric Associates Lc accumulated 235,359 shares. 139.87 million shares or 0.09% less from 140.00 million shares in 2017Q2 were reported. Of those transactions, there were 473,941 shares of ABT bought and 1.81 million shares sold. Finally, Dimensional Fund Advisors LP raised its stake in shares of Abbott Laboratories by 28.6% during the second quarter. River Road Asset Mgmt Llc owns 541,950 shares or 0.71% of their USA portfolio. Birinyi Assoc Inc reported 31,360 shares or 0.36% of all its holdings.

Abbott Laboratories (NYSE ABT) opened at $58.84 on Friday. Keybank National Association Oh invested 0.39% in Abbott Laboratories (NYSE:ABT). Trust Of Toledo Na Oh invested 1.12% in Abbott Laboratories (NYSE:ABT). Jp Marvel Investment Advsrs holds 1.12% or 66,261 shares. Banque Pictet & Cie Sa holds 403,734 shares. S&Co reported 280,380 shares. Finally, BMO Capital Markets reiterated a "hold" rating and set a $53.00 target price on shares of Abbott Laboratories in a research report on Monday, October 2nd.

Abbott Laboratories (ABT) surprised the stock market in its last reported earnings when it earned $0.66 a piece versus the consensus-estimated $0.65. Estabrook Cap Management reported 0.02% stake. Clean Yield Gp invested 0.26% of its portfolio in Abbott Laboratories (NYSE:ABT). Mutual Of Omaha Financial Bank Wealth Mgmt accumulated 121,293 shares or 2.34% of the stock. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.33% in Abbott Laboratories (NYSE:ABT).

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