Abbott Laboratories (ABT) Price Target Raised to $60.00

Marco Green
October 24, 2017

In the last quarter, insiders have sold 333,310 shares of company stock valued at $16,857,255. Currently, 1.06 billion total shares are owned by the public and among those 899.96 million shares have been available to trade.

Abbott Laboratories (NYSE:ABT) last posted its quarterly earnings results on Wednesday, October 18th. It has underperformed by 0.80% the S&P500.

First Merchants Corp increased Abbott Labs Com (ABT) stake by 67.26% reported in 2017Q2 SEC filing. PFNX's SI was 114,400 shares in October as released by FINRA. About 1,471 shares traded. Institutional investors own 71.45% of the company's stock. It is 0.00% or $0 reaching $0 per share. Shareholders of record on Friday, October 13th will be issued a dividend of $0.265 per share. It has outperformed by 3.76% the S&P500.

Pfenex $ (NYSEAMERICAN:PFNX) had a decrease of 31.37% in short interest.

For the current quarter, 19 analysts are projecting a mean EPS of $0.73/share.

Since June 15, 2017, it had 0 insider purchases, and 1 insider sale for $26,482 activity. The shares were sold at an average price of $50.79, for a total value of $233,634.00.

Several hedge funds and other institutional investors have recently made changes to their positions in ABT.

Wall Street analysts expect Abbott Laboratories (NYSE:ABT) to post earnings of $0.73 per share for the current fiscal quarter, Zacks reports. During the same quarter in the previous year, the company earned $0.59 earnings per share.

Abbott Laboratories (NYSE:ABT) opened at 56.32 on Thursday. Moreover, Torch Wealth Ltd Liability has 1% invested in Abbott Laboratories (NYSE:ABT). Himax Technologies, given 2 buy-equivalent recommendations, 1 sells and 1 holds. Bbva Compass Natl Bank Inc has invested 0.74% of its portfolio in Abbott Laboratories (NYSE:ABT). Northern Tru reported 0.37% stake. Mitsubishi Ufj Securities accumulated 780 shares. 2,880 are held by Motco. Jones Financial Cos Lllp has 155,788 shares. Bank of America Corporation reaffirmed a buy rating and issued a $60.00 target price (up from $56.00) on shares of Abbott Laboratories in a research report on Wednesday, October 4th. Therefore 58% are positive. The stock of Victoria PLC (LON:VCP) has "Buy" rating given on Thursday, January 12 by Cantor Fitzgerald. The rating was upgraded by Argus Research to "Buy" on Friday, February 5. The firm has "Buy" rating given on Wednesday, June 21 by BTIG Research. Cowen & Co has "Buy" rating and $5.5 target. The firm has "Equal Weight" rating by Barclays Capital given on Tuesday, November 8. The rating was maintained by Jefferies on Tuesday, October 10 with "Buy". The company was downgraded on Monday, January 4 by Morgan Stanley. On October 19 Barclays maintained a stock rating of "Overweight" and raised the price expectation to $64.00 from $60.00. The ex-dividend date will be on Thursday October 12th, 2017. Century Capital Management LLC purchased a new stake in shares of Abbott Laboratories during the 1st quarter valued at $4,332,000. It also increased its holding in Morgan Stanley (NYSE:MS) by 15,165 shares in the quarter, for a total of 38,784 shares, and has risen its stake in Affiliated Manage Gr (NYSE:AMG).

Investors sentiment increased to 0.93 in Q2 2017. Its up 0.12, from 1.09 in 2017Q1. It is negative, as 69 investors sold ABT shares while 545 reduced holdings. 9 funds opened positions while 2 raised stakes. Reilly Fincl Advsrs Limited Liability reported 219,744 shares. Chicago Equity Prtnrs Ltd Liability stated it has 0.04% in Reynolds American, Inc. Texas Permanent School Fund reported 70,868 shares. Pax World Lc invested in 0.13% or 46,224 shares. (NYSE:RAI) for 212,376 shares. Paloma Prtn Management Company accumulated 48,152 shares. Princeton Strategies Ltd Com reported 19,219 shares stake. Teachers Retirement Systems Of The State Of Kentucky reported 0.07% in Reynolds American, Inc. Susquehanna Int Group Limited Liability Partnership invested in 0% or 20,346 shares. Burney stated it has 48,047 shares or 0.15% of all its holdings. Alpha Windward LLC lifted its position in Abbott Laboratories by 0.6% during the 2nd quarter. (NYSE:RAI) for 5,609 shares. The stock decreased 0.36% or $0.01 on October 20, reaching $2.75. 543,064 shares or 259.82% more from 150,927 shares in 2017Q1 were reported. Schaper Benz Wise Invest Counsel Wi holds 202,752 shares. Apg Asset Management Nv has 0.17% invested in Reynolds American, Inc. 2 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, July 20. The firm has "Neutral" rating given on Monday, August 15 by Citigroup. The stock has "Hold" rating by BMO Capital Markets on Monday, July 10. CLSA downgraded the shares of RAI in report on Monday, October 24 to "Underperform" rating. The firm has "Buy" rating by Gabelli given on Friday, July 21. The firm has "Neutral" rating given on Tuesday, September 22 by UBS.

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