AbbottABT
About: Abbott manufactures and markets cardiovascular and diabetes devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, continuous glucose monitors, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.
Employees: 114,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
11% more first-time investments, than exits
New positions opened: 185 | Existing positions closed: 166
9% more funds holding in top 10
Funds holding in top 10: 58 [Q2] → 63 (+5) [Q3]
6% more call options, than puts
Call options by funds: $1.1B | Put options by funds: $1.04B
4% more capital invested
Capital invested by funds: $141B [Q2] → $147B (+$5.63B) [Q3]
1% more funds holding
Funds holding: 2,808 [Q2] → 2,827 (+19) [Q3]
3.97% less ownership
Funds ownership: 77.9% [Q2] → 73.93% (-3.97%) [Q3]
11% less repeat investments, than reductions
Existing positions increased: 1,047 | Existing positions reduced: 1,174
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Barclays Matt Miksic 78% 1-year accuracy 21 / 27 met price target | 29%upside $149 | Overweight Maintained | 5 Nov 2024 |
Bernstein Lee Hambright 67% 1-year accuracy 4 / 6 met price target | 19%upside $138 | Outperform Maintained | 17 Oct 2024 |
UBS Danielle Antalffy 75% 1-year accuracy 6 / 8 met price target | 26%upside $146 | Buy Maintained | 17 Oct 2024 |
Jefferies Matthew Taylor 25% 1-year accuracy 1 / 4 met price target | 8%upside $125 | Hold Maintained | 17 Oct 2024 |
Mizuho Anthony Petrone 50% 1-year accuracy 19 / 38 met price target | 12%upside $130 | Neutral Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 18 articles about ABT published over the past 30 days