Sunflower Bank N.A. lifted its position in shares of Abbott Laboratories (NYSE:ABT – Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,363 shares of the healthcare product maker’s stock after purchasing an additional 170 shares during the period. Abbott Laboratories accounts for about 0.5% of Sunflower Bank N.A.’s holdings, making the stock its 26th biggest position. Sunflower Bank N.A.’s holdings in Abbott Laboratories were worth $1,625,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ABT. Future Financial Wealth Managment LLC bought a new position in shares of Abbott Laboratories during the 3rd quarter valued at approximately $31,000. Peterson Financial Group Inc. purchased a new position in Abbott Laboratories in the third quarter valued at approximately $32,000. Valued Wealth Advisors LLC increased its position in Abbott Laboratories by 78.4% in the third quarter. Valued Wealth Advisors LLC now owns 289 shares of the healthcare product maker’s stock worth $33,000 after buying an additional 127 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Abbott Laboratories in the second quarter valued at $32,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Abbott Laboratories during the 3rd quarter valued at $37,000. 75.18% of the stock is currently owned by hedge funds and other institutional investors.
Abbott Laboratories Price Performance
NYSE ABT traded up $0.81 during trading hours on Monday, reaching $113.12. 4,408,749 shares of the stock traded hands, compared to its average volume of 4,755,447. The stock has a 50 day simple moving average of $115.33 and a two-hundred day simple moving average of $112.54. Abbott Laboratories has a 1 year low of $99.71 and a 1 year high of $121.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.60 and a quick ratio of 1.14. The company has a market cap of $196.20 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73.
Abbott Laboratories Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from Abbott Laboratories’s previous quarterly dividend of $0.55. Abbott Laboratories’s dividend payout ratio is 71.73%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ABT. Piper Sandler boosted their price objective on Abbott Laboratories from $131.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Evercore ISI raised their price objective on shares of Abbott Laboratories to $136.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. UBS Group boosted their target price on shares of Abbott Laboratories from $143.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Sanford C. Bernstein lifted their price target on Abbott Laboratories from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group increased their price objective on Abbott Laboratories from $120.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.57.
Get Our Latest Stock Report on Abbott Laboratories
Abbott Laboratories Company 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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