RB Capital Management LLC Takes $4.16 Million Position in Abbott Laboratories $ABT

Key Points

• RB Capital Management initiated a $4.16 million position in Abbott Laboratories during the second quarter, purchasing 45,818 shares. Institutional investors collectively own 75.18% of ABT.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $119.50; Wolfe Research recently upgraded the stock to “outperform” with a $130 target.
• Abbott reported quarterly EPS of $1.31, exceeding estimates, while revenue rose 13% year over year to $12.59 billion. The company also pays a $0.63 quarterly dividend, yielding approximately 2.3% annually.

RB Capital Management LLC bought a new position in Abbott Laboratories (NYSE:ABT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 45,818 shares of the healthcare product maker's stock, valued at approximately $4,158,000.

Several other large investors have also recently made changes to their positions in ABT. J. Stern & Co. LLP grew its holdings in shares of Abbott Laboratories by 12,439.6% during the 4th quarter. J. Stern & Co. LLP now owns 39,319,009 shares of the healthcare product maker's stock valued at $4,926,279,000 after purchasing an additional 39,005,451 shares during the last quarter. Norges Bank bought a new stake in Abbott Laboratories in the fourth quarter worth $2,938,892,000. Bank of America Corp DE purchased a new stake in Abbott Laboratories during the second quarter valued at about $1,603,607,000. Legal & General Group Plc bought a new stake in shares of Abbott Laboratories in the 2nd quarter valued at about $1,082,524,000. Finally, Flossbach Von Storch SE purchased a new stake in Abbott Laboratories during the 2nd quarter valued at about $902,938,000. 75.18% of the stock is owned by hedge funds and other institutional investors.

More Abbott Laboratories News

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

• Positive Sentiment: Abbott shares outperformed the broader market in the latest session, suggesting continued investor support for the diversified healthcare-products company. The move adds to its gains above both its 50-day and 200-day moving averages. Abbott Exceeds Market Returns: Some Facts to Consider
• Neutral Sentiment: A separate market comparison reported that Abbott underperformed its competitors during Tuesday’s trading session. The article did not identify a company-specific operational problem, making the relative weakness more relevant to short-term sentiment than to Abbott’s long-term fundamentals. Abbott Laboratories Stock Underperforms Tuesday
• Neutral Sentiment: Vice President John McCoy Jr. sold 27 shares for approximately $2,958. The transaction reduced his direct holdings by only 0.11%, leaving him with 24,549 shares, so it is too small to represent a meaningful change in insider conviction. SEC Insider Transaction Filing
• Neutral Sentiment: An investor-focused healthcare article mentioned Abbott primarily as the former parent of AbbVie, rather than discussing new developments at ABT. It therefore provides little direct information about Abbott’s near-term earnings or valuation. Abbott Laboratories Company Information

Analyst Ratings Changes

ABT has been the topic of several recent research reports. 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. Bank of America cut their target price on shares of Abbott Laboratories from $120.00 to $102.00 in a report on Friday, June 12th. Citigroup upped their price target on shares of Abbott Laboratories from $108.00 to $112.00 and gave the company a "buy" rating in a report on Friday, July 17th. Robert W. Baird began coverage on shares of Abbott Laboratories in a research report on Wednesday, July 1st. They set an "outperform" rating and a $121.00 price target for the company. Finally, The Goldman Sachs Group cut their price target on shares of Abbott Laboratories from $121.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.50.

Abbott Laboratories Price Performance

ABT stock opened at $108.81 on Friday. Abbott Laboratories has a 1 year low of $81.97 and a 1 year high of $137.49. The company has a market cap of $188.28 billion, a P/E ratio of 35.21, a PEG ratio of 2.05 and a beta of 0.59. The firm has a 50-day moving average of $104.14 and a 200 day moving average of $100.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.38 and a quick ratio of 0.97.

Abbott Laboratories (NYSE:ABT - Get Free Report) last released its earnings results on Thursday, July 16th. The healthcare product maker reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.03. The company had revenue of $12.59 billion during the quarter, compared to analysts' expectations of $12.52 billion. Abbott Laboratories had a return on equity of 17.69% and a net margin of 11.65%.The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Abbott Laboratories has set its Q3 2026 guidance at 1.380-1.46 EPS and its FY 2026 guidance at 5.450-5.60 EPS. On average, sell-side analysts forecast that Abbott Laboratories will post 5.52 EPS for the current year.

Abbott Laboratories Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, July 15th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, July 15th. Abbott Laboratories's dividend payout ratio (DPR) is 81.55%.

Abbott Laboratories Profile

Abbott Laboratories is a global healthcare company headquartered in Abbott Park, Illinois, that develops, manufactures and markets a broad portfolio of medical products and services. Founded in 1888, Abbott operates through multiple business areas that focus on diagnostics, medical devices, nutritionals and established pharmaceuticals. The company supplies hospitals, clinics, laboratories, retailers and direct-to-consumer channels with products intended to diagnose, treat and manage a wide range of health conditions.

In diagnostics, Abbott provides laboratory and point-of-care testing platforms and assays used to detect infectious diseases, chronic conditions and biomarkers; its Alinity family of instruments and rapid-test solutions are examples of this capability.

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