Abbott Laboratories to buy Alere for $4.4 bln - FT
- Author: Zachary Reyes Apr 18, 2017,
Apr 18, 2017, 19:16
To learn more about the company, see Here's to Your Health: An Insider's Tour of Abbott Laboratories.
Several other hedge funds have also made changes to their positions in ABT.
Analysts await Abbott Laboratories (NYSE:ABT) to report earnings on April, 19. Carroll Fincl Associates Inc owns 0% invested in Electronic Arts Inc. Bruderman Asset Management LLC boosted its position in Abbott Laboratories by 0.3% in the third quarter.
During the most recent trading day, the stock's price shifted up +17.82% from its 52-week low and -5.52% lower from its 52-week high. The stock's price fluctuated within the range of $42.39 - $42.96 during previous trading session.
Abbott Laboratories (ABT) stock price fell -1.57 percent over the past one year, while increased 4.12 percent during the past 6 months.
According to sentiments of 13 analysts the company is expected to report revenues of $6.16B for the current quarter.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 3.09%, and has a solid year to date (YTD) performance of 12.49% which means the stock is constantly adding to its value from the previous fiscal year end price.
Abbott Laboratories (NYSE:ABT) opened at 42.67 on Monday. During the same period in the prior year, the firm posted $0.62 EPS. Abbott Laboratories's revenue for the quarter was up 2.8% on a year-over-year basis.
Abbott Laboratories (NYSE:ABT) has a current MF Rank of 6254. Shareholders of record on Friday, April 14th will be given a dividend of $0.265 per share. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. The ex-dividend date is Wednesday, January 11th.
Relative strength index (RSI-14) for Abbott Laboratories (ABT) is at 30.18.
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A number of analysts recently commented on ABT shares.
08/09/2016 - Abbott Laboratories had its "buy" rating reiterated by analysts at BTIG Research. $2.10M worth of Abbott Laboratories (NYSE:ABT) was bought by WHITE MILES D. On Tuesday, February 28 Contreras Jaime sold $592,157 worth of Abbott Laboratories (NYSE:ABT) or 13,155 shares. Analyst expected twelve month price target of $47.69. Royal Bank Of Canada dropped their price target on shares of Abbott Laboratories from $48.00 to $46.00 and set an "outperform" rating on the stock in a research note on Thursday, January 26th.
Among 15 analysts covering WestRock (NYSE:WRK), 7 have Buy rating, 1 Sell and 7 Hold. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/04/18/l-s-advisors-inc-acquires-new-stake-in-abbott-laboratories-abt-updated.html. The shares were sold at an average price of $45.39, for a total value of $174,796.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Heather L. Mason sold 35,700 shares of the firm's stock in a transaction that occurred on Tuesday, January 31st.
On 2/23/2017 Robert E Funck, VP, sold 25,500 with an average share price of $45.50 per share and the total transaction amounting to $1,160,250.00.