Quadrature Capital Ltd purchased a new position in shares of Baxter International Inc (NYSE:BAX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,251 shares of the medical instruments supplier’s stock, valued at approximately $1,141,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BAX. Lincoln National Corp lifted its position in shares of Baxter International by 4.4% during the 1st quarter. Lincoln National Corp now owns 7,582 shares of the medical instruments supplier’s stock worth $615,000 after purchasing an additional 323 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Baxter International by 3.8% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 92,130 shares of the medical instruments supplier’s stock valued at $7,480,000 after acquiring an additional 3,401 shares in the last quarter. Harwood Advisory Group LLC acquired a new position in Baxter International in the 1st quarter valued at approximately $32,000. SG Americas Securities LLC raised its holdings in Baxter International by 17.0% in the 1st quarter. SG Americas Securities LLC now owns 31,496 shares of the medical instruments supplier’s stock valued at $2,557,000 after acquiring an additional 4,580 shares in the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Baxter International by 16.1% in the 1st quarter. Natixis Advisors L.P. now owns 67,738 shares of the medical instruments supplier’s stock valued at $5,500,000 after acquiring an additional 9,385 shares in the last quarter. Institutional investors own 84.23% of the company’s stock.
In other Baxter International news, Director John D. Forsyth sold 1,500 shares of Baxter International stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $82.95, for a total value of $124,425.00. Following the sale, the director now owns 35,398 shares of the company’s stock, valued at approximately $2,936,264.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Giuseppe Accogli sold 72,341 shares of Baxter International stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $85.00, for a total value of $6,148,985.00. Following the completion of the sale, the senior vice president now directly owns 76,473 shares in the company, valued at approximately $6,500,205. The disclosure for this sale can be found here. Insiders have sold a total of 88,740 shares of company stock worth $7,560,833 in the last ninety days. 0.13% of the stock is currently owned by company insiders.
Several equities analysts have commented on BAX shares. Argus cut Baxter International from a “buy” rating to a “hold” rating in a report on Friday. Raymond James cut their price target on Baxter International from $97.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Morgan Stanley cut their price target on Baxter International from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Oppenheimer reaffirmed a “buy” rating on shares of Baxter International in a report on Thursday, July 30th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $99.00 target price on shares of Baxter International in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $96.72.
NYSE BAX traded down $1.17 during trading hours on Friday, reaching $82.30. 3,143,819 shares of the company’s stock were exchanged, compared to its average volume of 3,144,006. The stock has a market cap of $41.66 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.77 and a beta of 0.79. Baxter International Inc has a one year low of $69.10 and a one year high of $95.19. The company has a current ratio of 2.97, a quick ratio of 2.31 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average of $85.22 and a 200-day moving average of $85.80.
Baxter International (NYSE:BAX) last issued its quarterly earnings data on Thursday, July 30th. The medical instruments supplier reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.07). The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.86 billion. Baxter International had a return on equity of 20.75% and a net margin of 8.10%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. As a group, research analysts forecast that Baxter International Inc will post 3.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 28th. Baxter International’s payout ratio is presently 29.61%.
Baxter International Company Profile
Baxter International Inc, through its subsidiaries, develops and provides a portfolio of healthcare products. The company operates through North and South America; Europe, Middle East and Africa; and Asia-Pacific segments. The company offers peritoneal dialysis and hemodialysis, and additional dialysis therapies and services; renal replacement therapies and other organ support therapies focused in the intensive care unit; sterile intravenous (IV) solutions, IV therapies, infusion pumps, administration sets, and drug reconstitution devices; and parenteral nutrition therapies.
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