Investment House LLC Sells 13,117 Shares of Abbott Laboratories $ABT

Key Points

• Investment House LLC cut its Abbott Laboratories stake by 55.8% in the third quarter, selling 13,117 shares and retaining 10,394 shares valued at approximately $1.03 million. Institutional investors and hedge funds collectively own 75.18% of Abbott’s stock.
• Abbott’s third-quarter results broadly met expectations, with adjusted EPS of $1.42 and revenue of $13.01 billion, up 14.5% year over year. The company declared a $0.63 quarterly dividend, representing a 2.4% annualized yield.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $118.32. However, investors face risks from Abbott’s reduced 2026 sales-growth outlook, diabetes-related pricing pressure, electrophysiology weakness and the planned 2027 Nutrition business spinoff.

Investment House LLC decreased its position in shares of Abbott Laboratories (NYSE:ABT - Free Report) by 55.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,394 shares of the healthcare product maker's stock after selling 13,117 shares during the period. Investment House LLC's holdings in Abbott Laboratories were worth $1,027,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in shares of Abbott Laboratories in the 2nd quarter worth $31,000. Summit Securities Group LLC boosted its stake in Abbott Laboratories by 41.3% during the second quarter. Summit Securities Group LLC now owns 404 shares of the healthcare product maker's stock valued at $37,000 after buying an additional 118 shares in the last quarter. Addison Advisors LLC bought a new position in Abbott Laboratories during the second quarter valued at about $40,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Abbott Laboratories by 221.6% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 476 shares of the healthcare product maker's stock worth $43,000 after acquiring an additional 328 shares during the period. Finally, Allied Private Wealth LLC acquired a new position in Abbott Laboratories during the second quarter worth about $45,000. 75.18% of the stock is currently owned by institutional investors and hedge funds.

Abbott Laboratories News Roundup

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

• Positive Sentiment: New data presented at the European Society for Medical Oncology showed Abbott’s whole-genome sequencing Oncodetect® test delivered a 30% absolute improvement in sensitivity for detecting colorectal-cancer recurrence within two years of surgery. Patients with detectable molecular residual disease also faced a 10.6-fold higher recurrence risk, supporting the test’s clinical value and Abbott’s broader cancer-care strategy. Abbott Oncodetect ESMO data
• Positive Sentiment: Wells Fargo upgraded its stance to “overweight” and raised its price target to $119, while other analysts retained buy or outperform ratings. These targets imply substantial potential upside and suggest Wall Street views the recent pullback as excessive. Wells Fargo rating
• Neutral Sentiment: Abbott’s pacemaker and molecular-diagnostics markets are projected to grow, providing long-term demand opportunities. However, the reports also identify procedure costs, regulatory hurdles, cybersecurity risks and changing disease prevalence as industry constraints. Pacemaker market forecast
• Negative Sentiment: Investors remain concerned about Abbott’s lowered 2026 sales-growth outlook. Management cited diabetes-related pricing pressure and weakness in the electrophysiology portfolio, issues that overshadowed a third-quarter earnings and revenue performance that broadly met expectations. Abbott 2026 guidance
• Negative Sentiment: Abbott plans to spin off its approximately $8.5 billion Nutrition business by 2027. Although the transaction could sharpen the company’s focus and unlock value, investors face near-term uncertainty over separation costs, portfolio mix and the growth profile of the remaining business. Abbott Nutrition spin-off
• Negative Sentiment: A comparative study claimed Catheter Precision’s LockeT device outperformed Abbott’s Perclose vascular-closure system. The potential competitive risk appears limited without evidence of meaningful revenue impact, but it adds pressure to Abbott’s medical-device franchise. LockeT and Perclose study

Abbott Laboratories Trading Up 1.2%

NYSE:ABT opened at $103.70 on Friday. The stock has a fifty day simple moving average of $105.15 and a 200 day simple moving average of $98.32. The firm has a market capitalization of $179.45 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 1.90 and a beta of 0.59. Abbott Laboratories has a 1-year low of $81.97 and a 1-year high of $132.02. The company has a quick ratio of 0.97, a current ratio of 1.38 and a debt-to-equity ratio of 0.57.

Abbott Laboratories (NYSE:ABT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The healthcare product maker reported $1.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.42. Abbott Laboratories had a return on equity of 17.97% and a net margin of 9.75%. The firm had revenue of $13.01 billion for the quarter, compared to the consensus estimate of $12.99 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. Sell-side analysts forecast that Abbott Laboratories will post 5.52 earnings per share for the current year.

Abbott Laboratories Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, October 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.4%. Abbott Laboratories's payout ratio is currently 81.55%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays began coverage on shares of Abbott Laboratories in a research report on Wednesday, October 7th. They set an "overweight" rating and a $120.00 price objective for the company. Weiss Ratings upgraded shares of Abbott Laboratories from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 18th. Wells Fargo & Company increased their target price on shares of Abbott Laboratories from $112.00 to $119.00 and gave the company an "overweight" rating in a research note on Thursday. Royal Bank Of Canada reduced their target price on shares of Abbott Laboratories from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Robert W. Baird lifted their price target on shares of Abbott Laboratories from $121.00 to $123.00 and gave the stock an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Abbott Laboratories has an average rating of "Moderate Buy" and an average target price of $118.32.

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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