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)
14% more first-time investments, than exits
New positions opened: 186 | Existing positions closed: 163
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 (+$5.65B) [Q3]
1% more funds holding
Funds holding: 2,811 [Q2] → 2,834 (+23) [Q3]
3.97% less ownership
Funds ownership: 77.9% [Q2] → 73.94% (-3.97%) [Q3]
11% less repeat investments, than reductions
Existing positions increased: 1,049 | Existing positions reduced: 1,177
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Barclays Matt Miksic 61% 1-year accuracy 22 / 36 met price target | 30%upside $149 | Overweight Maintained | 5 Nov 2024 |
Bernstein Lee Hambright 50% 1-year accuracy 3 / 6 met price target | 21%upside $138 | Outperform Maintained | 17 Oct 2024 |
UBS Danielle Antalffy 38% 1-year accuracy 5 / 13 met price target | 28%upside $146 | Buy Maintained | 17 Oct 2024 |
Jefferies Matthew Taylor 50% 1-year accuracy 2 / 4 met price target | 9%upside $125 | Hold Maintained | 17 Oct 2024 |
Mizuho Anthony Petrone 39% 1-year accuracy 15 / 38 met price target | 14%upside $130 | Neutral Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 26 articles about ABT published over the past 30 days