Saudi Central Bank Purchases 57,732 Shares of Abbott Laboratories $ABT

Key Points

• Saudi Central Bank increased its Abbott Laboratories stake by 89.9% in the second quarter, purchasing 57,732 additional shares and bringing its holdings to 121,916 shares valued at approximately $11.1 million.
• Institutional ownership remains strong at 75.18%, while several major investors—including the Canada Pension Plan Investment Board—also expanded their positions in Abbott.
• Analysts maintain a generally bullish outlook, with Abbott receiving a “Moderate Buy” consensus rating and an average price target of $119.50. The company also exceeded quarterly earnings and revenue estimates and reported 13% year-over-year revenue growth.

Saudi Central Bank increased its position in Abbott Laboratories (NYSE:ABT - Free Report) by 89.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,916 shares of the healthcare product maker's stock after purchasing an additional 57,732 shares during the quarter. Saudi Central Bank's holdings in Abbott Laboratories were worth $11,063,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ABT. Brighton Jones LLC raised its stake in shares of Abbott Laboratories by 10.1% during the fourth quarter. Brighton Jones LLC now owns 51,719 shares of the healthcare product maker's stock worth $5,850,000 after buying an additional 4,755 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Abbott Laboratories by 3.5% in the second quarter. Sivia Capital Partners LLC now owns 4,768 shares of the healthcare product maker's stock valued at $648,000 after acquiring an additional 162 shares during the last quarter. United Bank grew its holdings in Abbott Laboratories by 7.4% during the 2nd quarter. United Bank now owns 29,004 shares of the healthcare product maker's stock worth $3,945,000 after acquiring an additional 2,001 shares during the period. Main Street Financial Solutions LLC raised its position in shares of Abbott Laboratories by 13.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,894 shares of the healthcare product maker's stock valued at $1,618,000 after acquiring an additional 1,428 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Abbott Laboratories by 25.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,435,683 shares of the healthcare product maker's stock valued at $195,267,000 after acquiring an additional 292,547 shares during the last quarter. 75.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Robert W. Baird assumed coverage on Abbott Laboratories in a research report on Wednesday, July 1st. They issued an "outperform" rating and a $121.00 price target on the stock. The Goldman Sachs Group dropped their price objective on Abbott Laboratories from $121.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, May 27th. TD Cowen raised their target price on Abbott Laboratories from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, August 25th. Bank of America decreased their target price on Abbott Laboratories from $120.00 to $102.00 in a research report on Friday, June 12th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $118.00 price target (up from $115.00) on shares of Abbott Laboratories in a research report on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Abbott Laboratories presently has an average rating of "Moderate Buy" and an average target price of $119.50.

Abbott Laboratories Price Performance

NYSE ABT opened at $108.29 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.38. The stock has a market cap of $187.38 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.01 and a beta of 0.59. The business has a 50 day simple moving average of $104.43 and a 200 day simple moving average of $100.03. Abbott Laboratories has a 52-week low of $81.97 and a 52-week high of $137.49.

Abbott Laboratories (NYSE:ABT - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The healthcare product maker reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.03. The firm had revenue of $12.59 billion for the quarter, compared to analyst estimates of $12.52 billion. Abbott Laboratories had a net margin of 11.65% and a return on equity of 17.69%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. 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. Analysts anticipate that Abbott Laboratories will post 5.52 earnings per share for the current fiscal year.

Abbott Laboratories Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Wednesday, July 15th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, July 15th. Abbott Laboratories's payout ratio is currently 81.55%.

Abbott Laboratories Company 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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