As Abbott Labs Com (ABT) Market Valuation Declined, First Merchants Has Lifted Its Stake; As Whole Foods Market (WFM) Stock Value Rose, Holder Rodgers Brothers Has Lowered Its Position by $1.28 Million

November 15, 2017 - By Marguerite Chambers

Rodgers Brothers Inc decreased its stake in Whole Foods Market Inc (WFM) by 71.4% based on its latest 2017Q2 regulatory filing with the SEC. Rodgers Brothers Inc sold 30,548 shares as the company’s stock rose 16.43% with the market. The institutional investor held 12,235 shares of the consumer services company at the end of 2017Q2, valued at $515,000, down from 42,783 at the end of the previous reported quarter. Rodgers Brothers Inc who had been investing in Whole Foods Market Inc for a number of months, seems to be less bullish one the $13.45B market cap company. It closed at $41.99 lastly. It is down 16.62% since November 15, 2016 and is uptrending. It has underperformed by 0.08% the S&P500.

First Merchants Corp increased its stake in Abbott Labs Com (ABT) by 67.26% based on its latest 2017Q2 regulatory filing with the SEC. First Merchants Corp bought 26,574 shares as the company’s stock declined 3.42% while stock markets rallied. The institutional investor held 66,082 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $3.21M, up from 39,508 at the end of the previous reported quarter. First Merchants Corp who had been investing in Abbott Labs Com for a number of months, seems to be bullish on the $95.23B market cap company. The stock declined 0.55% or $0.3 reaching $54.71 on the news. About 42,039 shares traded. Abbott Laboratories (NYSE:ABT) has risen 15.90% since November 15, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.

First Merchants Corp, which manages about $361.94M US Long portfolio, decreased its stake in Disney Walt Company Com (NYSE:DIS) by 3,085 shares to 6,899 shares, valued at $733,000 in 2017Q2, according to the filing. It also reduced its holding in S&P Mid (IJK) by 4,635 shares in the quarter, leaving it with 92,783 shares, and cut its stake in Fortive Corp Com.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.75, from 1.63 in 2017Q1. It fall, as 69 investors sold ABT shares while 545 reduced holdings. 102 funds opened positions while 441 raised stakes. 1.22 billion shares or 0.83% more from 1.21 billion shares in 2017Q1 were reported. Mar Vista Investment Partners Limited Liability owns 13,756 shares. South Dakota Invest Council reported 225,709 shares. Excalibur Management has 24,190 shares. Fagan Associates Inc has 0.17% invested in Abbott Laboratories (NYSE:ABT) for 6,900 shares. Bluecrest Capital Management invested 0.08% of its portfolio in Abbott Laboratories (NYSE:ABT). Illinois-based Guggenheim has invested 0.13% in Abbott Laboratories (NYSE:ABT). Moreover, Mitsubishi Ufj Hldgs Limited has 0.2% invested in Abbott Laboratories (NYSE:ABT) for 780 shares. Tokio Marine Asset Mgmt Company holds 0.13% or 18,213 shares. Redwood Invests Ltd Liability Corporation reported 0% in Abbott Laboratories (NYSE:ABT). Verity And Verity stated it has 1.96% in Abbott Laboratories (NYSE:ABT). Lynch And Associate In, Indiana-based fund reported 54,560 shares. 251,987 were reported by Marble Harbor Inv Counsel Ltd. United Cap Advisers Ltd stated it has 0.22% in Abbott Laboratories (NYSE:ABT). Proshare Advisors Ltd Liability Corporation invested in 0.72% or 1.50 million shares. 51,660 were accumulated by Btim.

More notable recent Abbott Laboratories (NYSE:ABT) news were published by: Investorplace.com which released: “High-Level Earnings Momentum Keep Abbott Laboratories (ABT) a Buy” on November 14, 2017, also Investorplace.com with their article: “Abbott Laboratories’ (ABT) High-Level Sales Growth Make it a Buy” published on November 07, 2017, Seekingalpha.com published: “Abbott’s Inviting New Allure” on October 27, 2017. More interesting news about Abbott Laboratories (NYSE:ABT) were released by: Seekingalpha.com and their article: “Abbott Laboratories: Quality Deserves A Price, Just Not This Price” published on October 20, 2017 as well as Reuters.com‘s news article titled: “Abbott Labs posts quarterly profit vs. year-ago loss” with publication date: October 18, 2017.

Among 24 analysts covering Abbott Laboratories (NYSE:ABT), 14 have Buy rating, 0 Sell and 10 Hold. Therefore 58% are positive. Abbott Laboratories had 87 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Abbott Laboratories (NYSE:ABT) rating on Wednesday, April 19. Stifel Nicolaus has “Buy” rating and $49 target. The company was maintained on Tuesday, July 11 by Morgan Stanley. The stock of Abbott Laboratories (NYSE:ABT) earned “Buy” rating by Gabelli on Friday, July 21. As per Tuesday, March 14, the company rating was downgraded by BMO Capital Markets. On Friday, June 16 the stock rating was maintained by Jefferies with “Buy”. On Thursday, August 31 the stock rating was maintained by BMO Capital Markets with “Hold”. Citigroup initiated Abbott Laboratories (NYSE:ABT) on Thursday, August 17 with “Hold” rating. The company was maintained on Thursday, January 26 by RBC Capital Markets. The firm earned “Overweight” rating on Thursday, October 19 by Barclays Capital. Jefferies maintained Abbott Laboratories (NYSE:ABT) on Tuesday, March 15 with “Buy” rating.

Since June 15, 2017, it had 0 buys, and 1 sale for $26,482 activity.

More notable recent Whole Foods Market, Inc. (NASDAQ:WFM) news were published by: Thestreet.com which released: “Benefits to a Busted AT&T-TWX Deal; Whole Foods Traffic Falls in October–ICYMI” on November 15, 2017, also Bloomberg.com with their article: “Amazon Tops Sales Estimates on Subscribers, Whole Foods” published on October 26, 2017, Cnbc.com published: “This chart shows why Amazon needs to grow its physical retail presence” on November 08, 2017. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) were released by: Reuters.com and their article: “Whole Foods unveils further price cuts ahead of Thanksgiving” published on November 15, 2017 as well as Marketwatch.com‘s news article titled: “Amazon earnings: Analysts await news of the Whole Foods impact” with publication date: October 20, 2017.

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