10,008 Abbott Laboratories $ABT Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors cut its Abbott Laboratories stake by 20.7%, selling 10,008 shares in the third quarter and retaining 38,306 shares valued at approximately $3.79 million. Institutional investors collectively own 75.18% of Abbott.
• Abbott reported third-quarter revenue of $13.01 billion, up 14.5% year over year, while adjusted EPS was $1.42. The company reaffirmed its full-year EPS guidance but lowered its 2026 sales-growth outlook due to weakness in medical devices.
• Abbott plans to separate its roughly $8.5 billion Nutrition business into an independent publicly traded company by the end of 2027. The move could unlock value and improve focus, but execution and transition risks have weighed on investor sentiment.

Prime Capital Investment Advisors LLC reduced its holdings in shares of Abbott Laboratories (NYSE:ABT - Free Report) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,306 shares of the healthcare product maker's stock after selling 10,008 shares during the period. Prime Capital Investment Advisors LLC's holdings in Abbott Laboratories were worth $3,786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parkway Wealth Management Group LLC boosted its holdings in Abbott Laboratories by 3.2% during the third quarter. Parkway Wealth Management Group LLC now owns 3,208 shares of the healthcare product maker's stock valued at $317,000 after purchasing an additional 98 shares in the last quarter. St. Johns Investment Management Company LLC grew its stake in shares of Abbott Laboratories by 1.0% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 9,859 shares of the healthcare product maker's stock valued at $895,000 after purchasing an additional 101 shares during the period. AA Financial Advisors LLC raised its holdings in shares of Abbott Laboratories by 1.7% in the 3rd quarter. AA Financial Advisors LLC now owns 6,186 shares of the healthcare product maker's stock worth $611,000 after buying an additional 101 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Abbott Laboratories by 1.2% in the 3rd quarter. Eagle Bay Advisors LLC now owns 8,448 shares of the healthcare product maker's stock worth $835,000 after buying an additional 102 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. raised its holdings in shares of Abbott Laboratories by 1.1% in the 3rd quarter. Richards Merrill & Peterson Inc. now owns 9,562 shares of the healthcare product maker's stock worth $945,000 after buying an additional 102 shares in the last quarter. Institutional investors own 75.18% of the company's stock.

Key Stories Impacting Abbott Laboratories

Here are the key news stories impacting Abbott Laboratories this week:

• Positive Sentiment: Third-quarter adjusted earnings per share were $1.42, in line with the company’s consensus estimate, while revenue rose 14.5% year over year to $13.01 billion, slightly exceeding expectations. Comparable sales increased 7%, and Abbott reaffirmed its full-year adjusted EPS guidance. Abbott third-quarter results
• Positive Sentiment: Management announced plans to separate its approximately $8.5 billion Nutrition business—including Ensure, Similac, Glucerna, Pedialyte and PediaSure—into an independent, publicly traded company through a tax-free distribution to shareholders, targeted for completion by the end of 2027. Abbott believes the transaction could accelerate growth and expand margins in its remaining businesses. Abbott Nutrition separation announcement
• Positive Sentiment: New product approvals and European authorization for Abbott’s Cologuard Plus colorectal cancer test expand its diagnostics portfolio and could support longer-term growth. Cologuard Plus European approval
• Neutral Sentiment: The spin-off is intended to unlock value by allowing Abbott and the new Nutrition company to pursue separate strategies, but investors must assess execution, tax and transition risks before the separation is completed.
• Negative Sentiment: Abbott lowered its 2026 sales-growth forecast, citing weakness in medical devices. The reduced outlook suggests near-term operating momentum may be softer than previously expected, despite continued strength in areas such as continuous glucose monitoring. Reuters report on Abbott’s outlook
• Negative Sentiment: Some analysts characterized the $1.42 adjusted EPS result as a slight miss against a $1.43 estimate. Combined with the lower sales outlook and uncertainty surrounding the Nutrition separation, that has outweighed the quarter’s revenue growth and caused the stock to decrease.

Abbott Laboratories Price Performance

Shares of Abbott Laboratories stock opened at $100.59 on Thursday. The stock has a market capitalization of $174.06 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 1.90 and a beta of 0.59. The firm's 50-day moving average price is $105.47 and its two-hundred day moving average price is $98.28. The company has a current ratio of 1.38, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. Abbott Laboratories has a 1-year low of $81.97 and a 1-year high of $132.02.

Abbott Laboratories (NYSE:ABT - Get Free Report) last posted its earnings results on Wednesday, October 21st. The healthcare product maker reported $1.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.42. Abbott Laboratories had a net margin of 11.65% and a return on equity of 17.69%. The company had revenue of $13.01 billion during the quarter, compared to analysts' expectations of $12.99 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. Abbott Laboratories's quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities analysts predict that Abbott Laboratories will post 5.53 earnings per share for the current fiscal year.

Abbott Laboratories Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, October 15th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 15th. Abbott Laboratories's dividend payout ratio (DPR) is currently 81.55%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ABT. TD Cowen restated a "buy" rating and set a $135.00 target price on shares of Abbott Laboratories in a research report on Friday, October 16th. Weiss Ratings upgraded Abbott Laboratories from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 18th. Wolfe Research upgraded Abbott Laboratories from a "peer perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research report on Thursday, August 13th. Wells Fargo & Company increased their price objective on Abbott Laboratories from $109.00 to $112.00 and gave the stock an "overweight" rating in a research note on Friday, July 17th. Finally, Barclays assumed coverage on Abbott Laboratories in a report on Wednesday, October 7th. They set an "overweight" rating and a $120.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $118.88.

Abbott Laboratories Profile

Abbott Laboratories is a global healthcare company that develops, manufactures and markets a broad range of medical products and services. Founded in 1888 by Wallace C. Abbott, the company is headquartered in Abbott Park, Illinois, and serves patients, healthcare providers and consumers in markets around the world.

Abbott operates across four principal businesses: medical devices, diagnostics, nutrition and established pharmaceutical products. Its offerings include glucose-monitoring systems such as FreeStyle Libre; cardiovascular devices, including stents and structural heart products; laboratory and point-of-care diagnostic systems; and branded generic medicines in areas such as gastroenterology, women's health and cardiometabolic care.

The company's nutrition portfolio includes infant and pediatric products such as Similac and PediaSure, adult nutritional products such as Ensure, and rehydration products such as Pedialyte.

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