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After finishing at $102.96 in the prior trading day, Abbott Laboratories (NYSE: ABT) closed at $102.72, down -0.23%. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 6.84 million shares were traded. ABT stock price reached its highest trading level at $103.87 during the session, while it also had its lowest trading level at $102.51.
Ratios:
Our goal is to gain a better understanding of ABT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.30. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on May 30, 2024, initiated with a Buy rating and assigned the stock a target price of $121.
Morgan Stanley Downgraded its Overweight to Equal-Weight on May 30, 2023, while the target price for the stock was maintained at $112.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 10 ’24 when Funck, Jr. Robert E. sold 10,097 shares for $104.57 per share. The transaction valued at 1,055,819 led to the insider holds 211,341 shares of the business.
Earnhardt Lisa D sold 22,852 shares of ABT for $2,428,119 on May 07 ’24. The EXECUTIVE VICE PRESIDENT now owns 61,462 shares after completing the transaction at $106.25 per share. On Mar 01 ’24, another insider, Salvadori Daniel Gesua Sive, who serves as the EXECUTIVE VICE PRESIDENT of the company, sold 963 shares for $118.50 each. As a result, the insider received 114,116 and left with 125,697 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABT now has a Market Capitalization of 178694782976 and an Enterprise Value of 186982252544. As of this moment, Abbott’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.00, and their Forward P/E ratio for the next fiscal year is 20.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.43 while its Price-to-Book (P/B) ratio in mrq is 4.60. Its current Enterprise Value per Revenue stands at 4.637 whereas that against EBITDA is 18.035.
Stock Price History:
The Beta on a monthly basis for ABT is 0.71, which has changed by -0.042505622 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, ABT has reached a high of $121.64, while it has fallen to a 52-week low of $89.67. The 50-Day Moving Average of the stock is -1.37%, while the 200-Day Moving Average is calculated to be -3.50%.
Shares Statistics:
The stock has traded on average 5.73M shares per day over the past 3-months and 5159050 shares per day over the last 10 days, according to various share statistics. A total of 1.73B shares are outstanding, with a floating share count of 1.73B. Insiders hold about 0.72% of the company’s shares, while institutions hold 76.43% stake in the company. Shares short for ABT as of 1719532800 were 13000568 with a Short Ratio of 2.27, compared to 1717113600 on 14502584. Therefore, it implies a Short% of Shares Outstanding of 13000568 and a Short% of Float of 0.75.
Dividends & Splits
In the trailing 12 months, ABT’s forward annual dividend rate was 2.12, compared to 2.16 this year. Against a Trailing Annual Dividend Yield of 0.02059052The stock’s 5-year Average Dividend Yield is 1.61. The current Payout Ratio is 63.81% for ABT, which recently paid a dividend on 2024-07-15 with an ex-dividend date of 1721001600. Stock splits for the company last occurred on 2013-01-02 when the company split stock in a 10000:4798 ratio.
