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Westpac increased its Abbott Labs stake by 114% in Q2, as Abbott raised 2025 EPS forecast and declared a $0.59 dividend.
Westpac Banking Corp boosted its stake in Abbott Laboratories by 114% in Q2, now holding 27,842 shares worth about $3.79 million.
Abbott reported $1.30 EPS, meeting expectations, and $11.37 billion in revenue, up 6.9% year-over-year, with a 31.88% net margin and 17.78% return on equity.
The company raised its 2025 EPS forecast to $5.12–$5.18 and declared a $0.59 quarterly dividend, payable Nov. 17, yielding 1.8%.
The stock trades at $130.59 with a $227.08 billion market cap and a consensus "Moderate Buy" rating, targeting $147.00.
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Westpac aumentó su participación en Abbott Labs en un 114% en el segundo trimestre, ya que Abbott elevó la previsión de ganancias por acción para 2025 y declaró un dividendo de $0.59.