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Abbott Laboratories' (ABT) "Buy" Rating Reiterated at Guggenheim

January 29, 2018 09:42·

Celgene Corp now has $82.80 billion valuation. The stock increased 0.32% or $0.2 during the last trading session, reaching $63.42. About 7.99M shares traded or 10.64% up from the average.

Abbott Laboratories (NYSE ABT) opened at $63.42 on Monday. It has underperformed by 14.97% the S&P500.

Usa Financial Portformulas Corp increased Abbott Labs (ABT) stake by 918.1% reported in 2017Q3 SEC filing. Ingalls & Snyder LLC now owns 244,230 shares of the healthcare product maker's stock valued at $10,846,000 after purchasing an additional 10,883 shares during the last quarter. Smith Chas P & Associates Pa Cpas who had been investing in Abbott Laboratories for a number of months, seems to be less bullish one the $110.39 billion market cap company. St. Louis Trust Co now owns 4,904 shares of the healthcare product maker's stock valued at $238,000 after acquiring an additional 20 shares during the last quarter. About 154,407 shares traded. Abbott Laboratories (NYSE:ABT) has risen 15.90% since January 28, 2017 and is uptrending. It has underperformed by 25.94% the S&P500.

Among 25 analysts covering Abbott Laboratories (NYSE:ABT), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 41% are positive. The firm's revenue was up 42.3% on a year-over-year basis. research analysts predict that Abbott Laboratories will post 2.85 EPS for the current year. On Thursday, October 5 the stock rating was maintained by Stifel Nicolaus with "Hold". On Friday, January 29 the stock rating was downgraded by William Blair to "Market Perform". The rating was maintained by Jefferies with "Buy" on Wednesday, January 24. Finally, ValuEngine upgraded Abbott Laboratories from a "hold" rating to a "buy" rating in a research report on Wednesday, November 22nd. The stock has a consensus rating of Buy and an average price target of $64.06. The stock of Abbott Laboratories (NYSE:ABT) has "Buy" rating given on Thursday, August 27 by Wells Fargo. Barclays Capital maintained it with "Overweight" rating and $60 target in Thursday, September 28 report. The company is scheduled to announce its next earnings results on Wednesday, April 18th. Royal Bank of Canada reiterated a "buy" rating and issued a $65.00 price objective on shares of Abbott Laboratories in a research report on Tuesday, January 9th.

Investors of record on Friday, January 12th will be paid a $0.28 dividend. Its down 0.01, from 0.88 in 2017Q2.

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Several hedge funds and other institutional investors have recently bought and sold shares of ABT. Dimensional Fund Advisors LP boosted its position in Abbott Laboratories by 28.6% in the second quarter. Fmr Lc, Massachusetts-based fund reported 17.61M shares. Exchange Capital Management Inc. owns 41,679 shares or 1.74% of their U.S. portfolio. Andra Ap holds 0.01% of its portfolio in CF Industries Holdings, Inc. Tctc Limited Co stated it has 0.4% in Abbott Laboratories (NYSE:ABT).

ILLEGAL ACTIVITY WARNING: "Abbott Laboratories' (ABT) "Buy" Rating Reiterated at Guggenheim" was published by StockNewsTimes and is the sole property of of StockNewsTimes. Boston Partners now owns 10,516,502 shares of the healthcare product maker's stock valued at $511,207,000 after buying an additional 2,304,467 shares in the last quarter. Edward Jones upgraded Abbott Laboratories (NYSE:ABT) on Tuesday, June 21 to "Buy" rating. Fin Counselors holds 60,583 shares. For the quarter, shares have been noted at 14.29%. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Abbott Laboratories during the 4th quarter worth approximately $102,000. Abbott Laboratories's payout ratio is 560.00%.

Since August 1, 2017, it had 0 buys, and 5 insider sales for $22.76 million activity. In the last quarter, insiders sold 404,569 shares of company stock valued at $22,103,095. Contreras Jaime sold $2.74M worth of stock. 2,000 shares valued at $98,323 were sold by Bracken Sharon J on Tuesday, August 1. The insider Fussell Stephen R sold $9.73 million. Cna Financial has invested 0.6% in American International Group, Inc. It also upped Federated Prem Intr Mun Inc Fd (FPT) stake by 296,583 shares and now owns 350,139 shares. Verizon Communications Inc (NYSE:VZ) was raised too. Therefore 33% are positive. Celgene Corporation had 130 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Thursday, August 4 with "Buy". The rating was maintained by Macquarie Research on Friday, September 25 with "Outperform". Citigroup maintained Celgene Corporation (NASDAQ:CELG) on Friday, October 27 with "Neutral" rating. BMO Capital Markets maintained the shares of ABT in report on Monday, October 2 with "Hold" rating. Bank of America has "Buy" rating and $69 target. The rating was maintained by Maxim Group with "Buy" on Wednesday, September 28. The firm has "Overweight" rating by JP Morgan given on Monday, November 30. The stock has "Buy" rating by Suntrust Robinson on Thursday, January 7.

Investors sentiment increased to 0.79 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It dived, as 40 investors sold CF shares while 147 reduced holdings. 127 funds opened positions while 657 raised stakes. The healthcare product maker reported $0.74 EPS for the quarter, beating the Zacks' consensus estimate of $0.73 by $0.01. (NYSE:CF). Panagora Asset Inc reported 0.01% of its portfolio in CF Industries Holdings, Inc.

A number of large investors have recently made changes to their positions in the stock. Columbus Circle Investors holds 575,542 shares or 1.4% of its portfolio. Greenwich Inv Mngmt invested in 0.34% or 31,050 shares. Clarivest Asset Management Ltd Liability Com invested 1.07% of its portfolio in Celgene Corporation (NASDAQ:CELG). Korea Investment Corp accumulated 944,275 shares or 0.23% of the stock. Rmsincerbeaux Mgmt Limited Liability reported 26,850 shares. Regentatlantic Ltd invested 0.07% of its portfolio in Amazon.com, Inc. Sandy Spring State Bank accumulated 127,219 shares. Marsico Mgmt Ltd Liability Company reported 909,633 shares. Cobblestone Cap Advsr Limited Liability Company New York invested in 18,344 shares.

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