Abbott Laboratories (ABT) Hits New 1-Year High After Strong Earnings

Abbott Laboratories (NYSE:ABT) was upgraded by equities researchers at William Blair from a "market perform" rating to an "outperform" rating in a research note issued on Thursday, MarketBeat Ratings reports. The institutional investor owned 193,058 shares of the healthcare product maker's stock after purchasing an additional 8,059 shares during the quarter. When the price over the last 200 days is moving with increasing trend, look for buy opportunities and when it shows decreasing trend the price is below the last 200 days, look for sell opportunities. With 5,500 shares average volume, it will take short sellers 3 days to cover their PEIMF's short positions.

Abbott Laboratories (NYSE:ABT) last announced its earnings results on Wednesday, January 24th. It has underperformed by 11.66% the S&P500.The move comes after 9 months positive chart setup for the $201.65M company. Tributary Capital Management LLC acquired a new stake in shares of Abbott Laboratories during the third quarter valued at about $106,000. Needham Investment Management Llc sold 31,000 shares as Financial Engines Inc (FNGN)'s stock declined 1.13%. 62,460 Abbott Laboratories (NYSE:ABT) shares with value of $3.31M were sold by Salvadori Daniel Gesua Sive. The stock increased 0.40% or $0.5001 during the last trading session, reaching $125.7201. About 4.28M shares traded. (NYSE:NYRT) has declined 9.21% since January 26, 2017 and is downtrending. Guggenheim reiterated a "buy" rating and issued a $72.00 target price on shares of Abbott Laboratories in a research note on Thursday. Therefore 72% are positive. The firm earned "Buy" rating on Thursday, June 29 by Jefferies. The firm has "Neutral" rating given on Tuesday, September 22 by UBS. The company presently has an average rating of "Buy" and an average price target of $64.06. Finally, JPMorgan Chase & Co. raised Abbott Laboratories from a neutral rating to an overweight rating and set a $60.00 target price on the stock in a research note on Tuesday, January 2nd. Piper Jaffray has "Buy" rating and $12800 target. The stock has "Buy" rating by Compass Point on Thursday, June 30. RBC Capital Markets has "Buy" rating and $5400 target.

Abbott Laboratories (ABT) added 2.43% with the finishing price of $63.22 in Thursday Trading Session. The firm has "Equal-Weight" rating by Barclays Capital given on Wednesday, October 18. The rating was maintained by RBC Capital Markets on Monday, June 26 with "Buy". The stock has "Outperform" rating by BMO Capital Markets on Tuesday, December 12. The rating was upgraded by Bank of America on Monday, January 18 to "Buy".

Harding Loevner Lp, which manages about $36.30B and $14.51 billion US Long portfolio, decreased its stake in Ishares Tr (INDA) by 17,800 shares to 626,105 shares, valued at $20.57 million in 2017Q3, according to the filing. It also reduced its holding in Oracle Corp (NYSE:ORCL) by 200,410 shares in the quarter, leaving it with 21.83 million shares, and cut its stake in Credit Accep Corp Mich (NASDAQ:CACC). Xilinx Inc (NASDAQ:XLNX) was raised too. PepinNini Lithium Limited (OTCMKTS:PEIMF) has 0.00% since January 27, 2017 and is. Its up 0.06, from 0.88 in 2017Q2. It is negative, as 47 investors sold ABT shares while 563 reduced holdings. Dimensional Fund Advisors LP grew its stake in Abbott Laboratories by 28.6% in the second quarter. Moreover, Renaissance Technologies Llc has 0.01% invested in the company for 1.02 million shares. Jones Lllp holds 0.02% of its portfolio in Abbott Laboratories (NYSE:ABT) for 157,323 shares. Moreover, Hexavest has 0.7% invested in Abbott Laboratories (NYSE:ABT) for 1.07M shares. Creative Planning reported 9,868 shares. Lombard Odier Asset (Europe) Ltd owns 21,566 shares. Wade G W And reported 11,905 shares. Manufacturers Life Insur The reported 269,281 shares. When analyzing small corporations as possible investments, always it's good to learn who else owns shares. Gofen And Glossberg Ltd Il has 469,877 shares for 0.93% of their portfolio. Texas Permanent School Fund stated it has 481,503 shares. Avalon Advisors Llc 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. Riverhead Cap Mngmt Limited Liability Company reported 0.16% in Electronic Arts Inc. Hilltop accumulated 14,294 shares. Ardsley Advisory holds 2,000 shares.

Since August 1, 2017, it had 0 buys, and 6 insider sales for $22.86 million activity. Another trade for 10,058 shares valued at $1.20 million was sold by Wilson Andrew. 52,700 shares were sold by Contreras Jaime, worth $2.74 million on Friday, September 22. Shares for $9.73M were sold by Fussell Stephen R on Wednesday, August 16. The stock was sold at an average price of $55.00, for a total value of $3,913,635.00.

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Investors sentiment increased to 1.5 in 2017 Q3. Its down 0.01, from 0.88 in 2017Q2. It fall, as 40 investors sold CF shares while 147 reduced holdings. 142 funds opened positions while 524 raised stakes. They expect $2.06 EPS, down 15.92% or $0.39 from last year's $2.45 per share.

Spark Investment Management Llc holds 0.03% of its portfolio in Highpower International, Inc. for 137,300 shares. State Of Tennessee Treasury Department owns 0.01% invested in Financial Engines, Inc. (NASDAQ:EA) or 56,499 shares. Citigroup Inc holds 0.06% or 1.36 million shares in its portfolio. Puzo Michael J lifted its holdings in shares of Abbott Laboratories by 2.9% in the 1st quarter. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,322 shares. Robecosam Ag reported 0.04% stake. The hedge fund held 4,691 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $250,000, down from 274,536 at the end of the previous reported quarter.

Several other research firms have also recently issued reports on ABT. Lowe Brockenbrough Co reported 61,819 shares stake. 137 were accumulated by Carroll Fincl Assocs Inc.

Since August 1, 2017, it had 0 buys, and 6 sales for $22.86 million activity. 1,500 shares were sold by Bruzzo Chris, worth $162,767 on Tuesday, January 2.

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