Summary: Abbott Laboratories is a major American pharmaceutical and healthcare company selling drugs as well as other kinds of medical and nutritional products. To buy Abbott Laboratories stock, investors can register an account with a regulated online stock trading platform such as eToro.
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About Abbott Laboratories
Abbott Laboratories (NYSE: ABT), commonly referred to as just Abbott, is a U.S.-based multinational healthcare company. It is one of the largest and oldest healthcare companies, with a history spanning more than a century. Moreover, Abbott operates in a diverse range of healthcare sectors, including pharmaceuticals, medical diagnostics, and nutrition.
How to buy Abbott Laboratories stock: Step-by-step
Abbott Laboratories is a public company traded on the New York Stock Exchange (NYSE) under the ticker symbol ABT. What’s more, it’s an S&P 100 and an S&P 500 component, meaning it’s not just one of the largest pharmaceutical companies but one of the largest U.S.-based companies in general.
To invest in Abbott Laboratories, investors can take the following steps:
Step 1: Select a regulated brokerage
The first step is to find a regulated brokerage that will give you access to the stock market.
To buy Abbott Laboratories (ABT) stock securely, we recommend:
eToro
- Commission-free trading for stocks and ETFs;
- Access to over 2,000 stocks from 17 different exchanges;
- Fractional shares, allowing for flexible investing;
- An intuitive and user-friendly trading platform;
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Depending on your trading strategies, you might want to check out some other available options. To do so, compare available platforms and choose the one that best suits your requirements based on factors such as:
- Safety and regulatory compliance: Begin by confirming whether the brokerage holds a valid license issued by a reputable financial regulator, such as the Financial Industry Regulatory Authority (FINRA) or the Financial Conduct Authority (FCA);
- Accessibility: Evaluate the broker’s accessibility by examining whether it provides both mobile and desktop platforms, reviewing available educational materials, playing around with the interface, etc.;
- Commissions and fees: Compare trading and account management fees as well as any other potential charges that may apply when you start trading;
- Account types: Investigate the range of available account types (professional account, retail account, Islamic account, etc.);
- Demo accounts: Some brokerages offer demo or trial accounts, allowing users to acquaint themselves with the platform before switching to a live trading account;
- Customer support: Evaluate the quality of customer support by reviewing feedback from other users or reaching out to the support team yourself;
- Additional tools: Consider the availability of supplementary research tools, real-time data, and technical indicators like chart patterns.
Step 2: Account registration and funding
Once you’ve made your brokerage choice, you can proceed to:
- Account registration: To create your account, navigate to your broker’s website and click on the “Register,” “Start Trading,” or “Create an Account” button. During the registration process, you’ll need to provide essential personal and banking information, which is usually followed by a verification process for added security. Note that the final stage typically involves submitting a valid identification document;
- Account funding: Upon successfully registering your account, you can proceed to deposit some funds to it. More prominent trading platforms like eToro offer various funding options, including bank transfers, credit/debit cards, e-wallets, and external payment processors like PayPal.
Note
Step 3: Place an order
Finally, you can purchase Abbott Laboratories shares by following these easy steps:
- Go to your broker’s page;
- Locate the Abbott Laboratories stock (use its ticker symbol [ABT] or look up the company’s name);
- Specify the number of shares you’d like to buy (or the desired dollar amount you intend to invest);
- Choose your preferred order type, such as i.e., limit, stop-loss, etc.;
- Carefully review your order details;
- Execute your trade.
Step 4: Monitor your investment
When investing in stocks, it is important to keep an eye on their performance. That means staying well-informed about factors such as the company’s management decisions, strategic initiatives, and partnerships, but also the dynamics of the broader industry it is a part of.
Abbott Laboratories is one of the largest companies of its kind, so finding all relevant information should not pose a problem. You can check out the company’s SEC filings, financial reports, and insider investor news, and you can always read up on important news on a number of digital platforms.
By consistently educating yourself across these diverse domains, you’ll be well-prepared to adapt your investment strategy as needed, bolstering your potential for future gains in the process.
Note
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Abbott Laboratories stock price today
How to start investing safely
To start investing, you should first familiarize yourself with some common investment mistakes that other investors tend to make to minimize risks and increase your chances of financial growth. Moreover, you should:
- Define your investment goals (e.g., are you going for wealth accumulation or saving for your retirement), know your time horizon (e.g., are you a short- or long-term investor), assess your risk tolerance, and diversify across various assets to balance out your portfolio;
- Seek companies with a competitive advantage and industry leadership status for surer profits;
- Understand key financial metrics like P/E and PEG ratios, market capitalization, etc.;
- Conduct thorough research on companies, avoid hype-driven decisions, and stay level-headed in your investment choices.
Pros and cons of investing in Abbott Laboratories
Pros
- The company has a diverse business;
- Steady dividend growth (more than 50 years of increasing yields);
- Abbott’s involvement with cutting-edge technology, such as molecular cytogenetics, could propel it further.
Cons
- It is not a constantly growing stock;
- The company has relied too much on its COVID-19 products, which are now not in high demand.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Can you purchase stock directly from Abbott Laboratories?
No, Abbott Laboratories does not have a direct stock purchase plan.
How to buy Abbott Laboratories stock?
To buy Abbott Laboratories stock, investors can register an account at an online stock trading platform such as eToro.
Does Abbott Laboratories have a dividend reinvestment program?
Yes, Abbott Laboratories does have a dividend reinvestment program.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
