Abbott Laboratories (NYSE:ABT) Shares Sold by Curi Wealth Management LLC

Curi Wealth Management LLC reduced its stake in Abbott Laboratories (NYSE:ABT - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,283 shares of the healthcare product maker's stock after selling 8,142 shares during the period. Curi Wealth Management LLC's holdings in Abbott Laboratories were worth $6,525,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ABT. Alliance Wealth Advisors LLC UT lifted its stake in Abbott Laboratories by 0.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 25,085 shares of the healthcare product maker's stock valued at $2,761,000 after buying an additional 92 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its stake in Abbott Laboratories by 0.8% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 12,287 shares of the healthcare product maker's stock valued at $1,352,000 after purchasing an additional 94 shares during the period. Avion Wealth grew its position in Abbott Laboratories by 19.4% in the 4th quarter. Avion Wealth now owns 591 shares of the healthcare product maker's stock worth $65,000 after purchasing an additional 96 shares during the last quarter. Berger Financial Group Inc raised its holdings in shares of Abbott Laboratories by 3.0% during the fourth quarter. Berger Financial Group Inc now owns 3,423 shares of the healthcare product maker's stock valued at $377,000 after buying an additional 99 shares during the last quarter. Finally, Renaissance Investment Group LLC boosted its position in shares of Abbott Laboratories by 0.7% during the fourth quarter. Renaissance Investment Group LLC now owns 14,204 shares of the healthcare product maker's stock worth $1,563,000 after buying an additional 100 shares during the period. 75.18% of the stock is owned by institutional investors.

Insider Transactions at Abbott Laboratories

In related news, EVP Andrea F. Wainer sold 12,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $120.00, for a total value of $1,500,000.00. Following the completion of the sale, the executive vice president now directly owns 78,704 shares of the company's stock, valued at approximately $9,444,480. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Andrea F. Wainer sold 12,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $120.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the executive vice president now directly owns 78,704 shares in the company, valued at $9,444,480. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Daniel Gesua Sive Salvadori sold 963 shares of the company's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $118.50, for a total value of $114,115.50. Following the completion of the transaction, the executive vice president now directly owns 125,697 shares in the company, valued at $14,895,094.50. The disclosure for this sale can be found here. Insiders sold a total of 46,884 shares of company stock valued at $5,153,916 over the last quarter. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

ABT has been the subject of a number of analyst reports. Citigroup boosted their price target on Abbott Laboratories from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. Raymond James reiterated a "buy" rating and issued a $124.00 target price on shares of Abbott Laboratories in a research report on Wednesday, April 24th. Royal Bank of Canada dropped their price target on shares of Abbott Laboratories from $128.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, April 18th. Evercore ISI increased their price objective on shares of Abbott Laboratories from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. Finally, Barclays decreased their price target on Abbott Laboratories from $141.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, April 22nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Abbott Laboratories has an average rating of "Moderate Buy" and a consensus price target of $121.50.

Abbott Laboratories Trading Down 0.7 %

Shares of Abbott Laboratories stock traded down $0.77 on Tuesday, reaching $104.00. 7,032,586 shares of the company were exchanged, compared to its average volume of 5,593,668. Abbott Laboratories has a fifty-two week low of $89.67 and a fifty-two week high of $121.64. The firm has a market capitalization of $180.92 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 2.52 and a beta of 0.76. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $110.83 and a 200-day moving average price of $109.14.

Abbott Laboratories (NYSE:ABT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The healthcare product maker reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.02. Abbott Laboratories had a net margin of 13.96% and a return on equity of 20.18%. The company had revenue of $9.96 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business's quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts expect that Abbott Laboratories will post 4.62 EPS for the current year.

Abbott Laboratories Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, April 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.12%. Abbott Laboratories's payout ratio is currently 68.54%.

Abbott Laboratories Profile

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. The company provides generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency, irritable bowel syndrome or biliary spasm, intrahepatic cholestasis or depressive symptoms, gynecological disorder, hormone replacement therapy, dyslipidemia, hypertension, hypothyroidism, Ménière's disease and vestibular vertigo, pain, fever, inflammation, and migraine, as well as provides anti-infective clarithromycin, influenza vaccine, and products to regulate physiological rhythm of the colon.

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