Abbott Laboratories (NYSE:ABT) insider Stephen R. Fussell sold 41,500 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $45.00, for a total value of $1,867,500.00. Following the transaction, the insider now directly owns 196,467 shares of the company’s stock, valued at $8,841,015. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, July 13th.
Abbott Laboratories (NYSE:ABT) traded up 0.67% during midday trading on Friday, hitting $44.75. 13,423,155 shares of the company were exchanged. The stock has a market capitalization of $65.74 billion and a price-to-earnings ratio of 29.54. The stock has a 50 day moving average of $40.32 and a 200-day moving average of $39.97. Abbott Laboratories has a 1-year low of $36.00 and a 1-year high of $51.17.
Source: American Banking and Market News