Abbott Labs (ABT) Position Maintained by Sageworth Trust Co; Liberty Capital Management Boosted Its Stake in Verizon Communications Com (VZ) by $817,418

February 25, 2018 - By Richard Conner

Liberty Capital Management Inc increased its stake in Verizon Communications Inc Com (VZ) by 45.54% based on its latest 2017Q3 regulatory filing with the SEC. Liberty Capital Management Inc bought 16,682 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 53,316 shares of the telecommunications equipment company at the end of 2017Q3, valued at $2.64 million, up from 36,634 at the end of the previous reported quarter. Liberty Capital Management Inc who had been investing in Verizon Communications Inc Com for a number of months, seems to be bullish on the $196.98B market cap company. The stock increased 0.88% or $0.42 during the last trading session, reaching $48.29. About 26.37M shares traded or 44.76% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 25, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Sageworth Trust Co increased its stake in Abbott Labs (ABT) by 10.29% based on its latest 2017Q3 regulatory filing with the SEC. Sageworth Trust Co bought 10,446 shares as the company’s stock declined 3.42% while stock markets rallied. The institutional investor held 111,953 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $5.97 million, up from 101,507 at the end of the previous reported quarter. Sageworth Trust Co who had been investing in Abbott Labs for a number of months, seems to be bullish on the $104.27 billion market cap company. The stock increased 1.22% or $0.72 during the last trading session, reaching $59.71. About 5.19 million shares traded. Abbott Laboratories (NYSE:ABT) has risen 15.90% since February 25, 2017 and is uptrending. It has underperformed by 0.80% the S&P500.

Since September 22, 2017, it had 0 insider purchases, and 10 sales for $35.12 million activity. Salvadori Daniel Gesua Sive also sold $5.43 million worth of Abbott Laboratories (NYSE:ABT) shares. The insider Blaser Brian J sold 27,733 shares worth $1.73M. Shares for $2.74 million were sold by Contreras Jaime on Friday, September 22. On Friday, February 16 the insider Watkin Jared sold $17,609. Shares for $2.69 million were sold by Ford Robert B on Tuesday, January 30. PEDERSON MICHAEL J sold $27,213 worth of stock.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.01, from 0.88 in 2017Q2. It dropped, as 47 investors sold ABT shares while 563 reduced holdings. 111 funds opened positions while 421 raised stakes. 1.21 billion shares or 0.79% less from 1.22 billion shares in 2017Q2 were reported. Livingston Group Asset Mngmt Co (Operating As Southport Cap Management) reported 6,361 shares. Utah Retirement Sys has invested 0.37% in Abbott Laboratories (NYSE:ABT). Fukoku Mutual Life Insur owns 10,767 shares or 0.08% of their US portfolio. Aperio Grp Ltd reported 883,237 shares. Griffin Asset Inc reported 1.48% of its portfolio in Abbott Laboratories (NYSE:ABT). Callahan Advisors Limited Liability Corp reported 1.13% in Abbott Laboratories (NYSE:ABT). Hayek Kallen Invest Management has invested 0.94% of its portfolio in Abbott Laboratories (NYSE:ABT). Gabelli & Co Invest Advisers Incorporated holds 4,500 shares or 0.03% of its portfolio. Profund Ltd Llc holds 0.18% or 79,094 shares in its portfolio. Girard Limited has 1.16% invested in Abbott Laboratories (NYSE:ABT). Atria Limited Com invested in 0.16% or 56,078 shares. Pinnacle Financial Prtnrs Incorporated holds 0.33% of its portfolio in Abbott Laboratories (NYSE:ABT) for 47,873 shares. Jp Marvel Investment Limited holds 1.12% or 66,261 shares in its portfolio. Nuance Invs Limited Liability Company holds 2.45% or 662,894 shares. Ferguson Wellman Capital Management invested 0.11% of its portfolio in Abbott Laboratories (NYSE:ABT).

Sageworth Trust Co, which manages about $531.54 million US Long portfolio, decreased its stake in Ishares Tr (IWF) by 8,475 shares to 11,387 shares, valued at $1.42M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IWD) by 12,575 shares in the quarter, leaving it with 11,958 shares, and cut its stake in Ishares Tr (IWO).

Among 25 analysts covering Abbott Laboratories (NYSE:ABT), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. Abbott Laboratories had 105 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, April 19 by Stifel Nicolaus. The stock of Abbott Laboratories (NYSE:ABT) has “Outperform” rating given on Monday, August 10 by Credit Suisse. The firm earned “Buy” rating on Thursday, July 23 by Stifel Nicolaus. The company was maintained on Thursday, January 25 by Morgan Stanley. Guggenheim maintained the shares of ABT in report on Tuesday, January 2 with “Buy” rating. The firm has “Hold” rating by BMO Capital Markets given on Monday, July 10. The firm earned “Neutral” rating on Friday, November 13 by Goldman Sachs. Stifel Nicolaus maintained the shares of ABT in report on Wednesday, January 24 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Friday, September 1. BMO Capital Markets downgraded the shares of ABT in report on Tuesday, March 14 to “Market Perform” rating.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is without change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Moreover, Orca Inv Ltd Co has 1.45% invested in Verizon Communications Inc. (NYSE:VZ). Front Barnett Associate Limited reported 4,205 shares stake. Legacy Prtn reported 85,315 shares or 2.22% of all its holdings. Barrett Asset Management Lc invested in 1.12% or 311,562 shares. Webster Bancorp N A owns 91,352 shares. Peoples Corporation reported 61,238 shares. New York-based Arrow Fin has invested 0.39% in Verizon Communications Inc. (NYSE:VZ). British Columbia Inv Mgmt accumulated 2.43M shares or 0.93% of the stock. Hourglass Cap owns 67,709 shares or 0.8% of their US portfolio. Headinvest Ltd has invested 0.23% in Verizon Communications Inc. (NYSE:VZ). Pub Employees Retirement Association Of Colorado owns 0.26% invested in Verizon Communications Inc. (NYSE:VZ) for 728,333 shares. Beese Fulmer Invest Mngmt reported 75,253 shares or 0.85% of all its holdings. Round Table Svcs Limited Liability Corp stated it has 4,909 shares. Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 0.21% in Verizon Communications Inc. (NYSE:VZ). Cap Ltd Limited Com holds 0.07% or 3,877 shares.

Liberty Capital Management Inc, which manages about $203.92 million and $182.46M US Long portfolio, decreased its stake in Ulta Beauty Inc Com (NASDAQ:ULTA) by 4,319 shares to 4,901 shares, valued at $1.00 million in 2017Q3, according to the filing.

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