Alejandro D. Wellisch Sells 2,153 Shares of Abbott Laboratories (ABT) Stock

Abbott Laboratories (NYSE:ABT) insider Alejandro D. Wellisch sold 2,153 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $55.86, for a total transaction of $120,266.58. Following the completion of the sale, the insider now owns 10,256 shares in the company, valued at $572,900.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Abbott Laboratories (NYSE:ABT) traded down $0.32 during mid-day trading on Wednesday, reaching $55.80. 3,552,077 shares of the company’s stock traded hands, compared to its average volume of 6,639,404. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.69 and a quick ratio of 2.26. The company has a market capitalization of $97,130.00, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.55. Abbott Laboratories has a 12 month low of $37.38 and a 12 month high of $56.69.

Abbott Laboratories (NYSE:ABT) last posted its earnings results on Wednesday, October 18th. The healthcare product maker reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.72 billion. Abbott Laboratories had a net margin of 8.37% and a return on equity of 13.98%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. sell-side analysts expect that Abbott Laboratories will post 2.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 13th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, October 12th. Abbott Laboratories’s dividend payout ratio is 87.60%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanders Morris Harris LLC boosted its holdings in shares of Abbott Laboratories by 0.3% during the 2nd quarter. Sanders Morris Harris LLC now owns 4,986 shares of the healthcare product maker’s stock worth $242,000 after buying an additional 16 shares during the period. St. Louis Trust Co boosted its holdings in shares of Abbott Laboratories by 0.4% during the 2nd quarter. St. Louis Trust Co now owns 4,904 shares of the healthcare product maker’s stock worth $238,000 after buying an additional 20 shares during the period. Alpha Windward LLC boosted its holdings in shares of 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 buying an additional 30 shares during the period. Lakeview Capital Partners LLC boosted its holdings in shares of 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 buying an additional 33 shares during the period. Finally, Johanson Financial Advisors Inc. boosted its holdings in Abbott Laboratories by 0.5% in the 2nd quarter. Johanson Financial Advisors Inc. now owns 7,017 shares of the healthcare product maker’s stock valued at $343,000 after purchasing an additional 37 shares during the period. 69.99% of the stock is owned by institutional investors and hedge funds.

ABT has been the topic of a number of research reports. Cowen and Company reiterated a “buy” rating on shares of Abbott Laboratories in a report on Sunday, September 24th. Zacks Investment Research upgraded shares of Abbott Laboratories from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, September 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $58.00 target price on shares of Abbott Laboratories in a report on Thursday, August 3rd. BidaskClub downgraded shares of Abbott Laboratories from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $55.00 price target on shares of Abbott Laboratories in a report on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.81.

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)

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