Abbott Laboratories Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Abbott Laboratories in the last year. There are currently 1 sell rating, 1 hold rating and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Abbott Laboratories stock.
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Abbott Laboratories saw a increase in short interest during the month of January. As of January 29th, there was short interest totaling 11,520,000 shares, an increase of 29.4% from the January 14th total of 8,900,000 shares. Based on an average trading volume of 5,100,000 shares, the days-to-cover ratio is currently 2.3 days.
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Abbott Laboratories is scheduled to release its next quarterly earnings announcement on Thursday, April 15th 2021.
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Abbott Laboratories (NYSE:ABT) announced its quarterly earnings data on Tuesday, January, 26th. The healthcare product maker reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.10. The healthcare product maker earned $10.70 billion during the quarter, compared to the consensus estimate of $9.94 billion. Abbott Laboratories had a trailing twelve-month return on equity of 18.19% and a net margin of 10.50%. Abbott Laboratories's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS.
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Abbott Laboratories' stock was trading at $78.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ABT stock has increased by 56.7% and is now trading at $122.38.
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Abbott Laboratories declared a quarterly dividend on Friday, February 19th. Shareholders of record on Thursday, April 15th will be given a dividend of $0.45 per share on Monday, May 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Wednesday, April 14th.
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Abbott Laboratories pays an annual dividend of $1.80 per share and currently has a dividend yield of 1.49%. Abbott Laboratories has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Abbott Laboratories is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Abbott Laboratories will have a dividend payout ratio of 41.10% next year. This indicates that Abbott Laboratories will be able to sustain or increase its dividend.
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Abbott Laboratories issued an update on its FY21 earnings guidance on Wednesday, January, 27th. The company provided earnings per share (EPS) guidance of at least $5.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.42.

17 analysts have issued 1-year target prices for Abbott Laboratories' stock. Their forecasts range from $94.00 to $140.00. On average, they expect Abbott Laboratories' stock price to reach $121.83 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
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183 employees have rated Abbott Laboratories CEO Robert Ford on Glassdoor.com. Robert Ford has an approval rating of 89% among Abbott Laboratories' employees.

Some companies that are related to Abbott Laboratories include Medtronic (MDT), Stryker (SYK), Intuitive Surgical (ISRG), Becton, Dickinson and (BDX), Boston Scientific (BSX), Edwards Lifesciences (EW), IDEXX Laboratories (IDXX), Baxter International (BAX), DexCom (DXCM), ResMed (RMD), Hologic (HOLX), Teleflex (TFX), Insulet (PODD), Varian Medical Systems (VAR) and STERIS (STE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Abbott Laboratories investors own include AbbVie (ABBV), Johnson & Johnson (JNJ), NVIDIA (NVDA), AT&T (T), Pfizer (PFE), The Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC), The Home Depot (HD) and Verizon Communications (VZ).

Abbott Laboratories trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABT."

Abbott Laboratories' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.53%), Morgan Stanley (1.51%), Northern Trust Corp (1.49%), Bank of New York Mellon Corp (1.20%), Wells Fargo & Company MN (1.13%) and FMR LLC (1.02%). Company insiders that own Abbott Laboratories stock include Andrea F Wainer, Andrew H Lane, Brian B Yoor, Brian J Blaser, Christopher J Scoggins, Daniel Gesua Sive Salvadori, Hubert L Allen, Jaime Contreras, Jared Watkin, John F Ginascol, John M Capek, Joseph J Manning, Lisa D Earnhardt, Mary K Moreland, Michael D Dale, Michael J Pederson, Miles D White, Phebe N Novakovic, Philip P Boudreau, Randel William Woodgrift, Robert E Funck, Roger Bird, Roxanne S Austin, Sally E Blount, Sharon J Bracken and Stephen R Fussell.
View institutional ownership trends for Abbott Laboratories.

ABT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Janus Henderson Group PLC, Boston Partners, Boston Partners, Sumitomo Mitsui Trust Holdings Inc., Fort Pitt Capital Group LLC, DSM Capital Partners LLC, and Northern Trust Corp. Company insiders that have sold Abbott Laboratories company stock in the last year include Andrea F Wainer, Andrew H Lane, Christopher J Scoggins, Daniel Gesua Sive Salvadori, Jared Watkin, John F Ginascol, Joseph J Manning, Lisa D Earnhardt, Mary K Moreland, Michael J Pederson, Phebe N Novakovic, Philip P Boudreau, Randel William Woodgrift, Robert E Funck, Roger Bird, and Roxanne S Austin.
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ABT stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, Assenagon Asset Management S.A., Healthcare of Ontario Pension Plan Trust Fund, Amundi Pioneer Asset Management Inc., Swedbank, First Trust Advisors LP, and Bank of New York Mellon Corp.
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Shares of ABT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABT stock can currently be purchased for approximately $122.38.

Abbott Laboratories has a market capitalization of $216.80 billion and generates $31.90 billion in revenue each year. The healthcare product maker earns $3.69 billion in net income (profit) each year or $3.24 on an earnings per share basis.

Abbott Laboratories employs 107,000 workers across the globe.

The official website for Abbott Laboratories is www.abbott.com.

Abbott Laboratories is headquartered at 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064.

Abbott Laboratories' mailing address is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. The healthcare product maker can be reached via phone at 224-667-6100.