Mizuho Securities Usa Exits Position in Baxter International Inc (BAX)

Baxter International Inc (BAX) : Mizuho Securities Usa has sold out all of its stake in Baxter International Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 25,000 shares of Baxter International Inc which is valued at $1,083,000.

Baxter International Inc opened for trading at $44.34 and hit $44.78 on the upside on Wednesday, eventually ending the session at $44.18, with a gain of 0.48% or 0.21 points. The heightened volatility saw the trading volume jump to 1,19,37,938 shares. Company has a market cap of $24,205 M.

Other Hedge Funds, Including , Dumont Blake Investment Advisors reduced its stake in BAX by selling 1,400 shares or 8.31% in the most recent quarter. The Hedge Fund company now holds 15,442 shares of BAX which is valued at $668,947. Baxter International Inc makes up approx 0.34% of Dumont Blake Investment Advisors’s portfolio.Private Trust Co Na boosted its stake in BAX in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 28,892 shares of Baxter International Inc which is valued at $1,251,601. Baxter International Inc makes up approx 0.33% of Private Trust Co Na’s portfolio.Trust Co Of Toledo Na Oh boosted its stake in BAX in the latest quarter, The investment management firm added 1,490 additional shares and now holds a total of 38,589 shares of Baxter International Inc which is valued at $1,647,364. Baxter International Inc makes up approx 0.49% of Trust Co Of Toledo Na Oh’s portfolio.Gofen Glossberg Il boosted its stake in BAX in the latest quarter, The investment management firm added 622 additional shares and now holds a total of 12,219 shares of Baxter International Inc which is valued at $521,629. Baxter International Inc makes up approx 0.02% of Gofen Glossberg Il’s portfolio.

On the company’s financial health, Baxter International Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.29. The company had revenue of $2375.00 million for the quarter, compared to analysts expectations of $2351.22 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Baxter International Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .Baxter International Inc was Upgraded by Piper Jaffray to ” Overweight” on Apr 14, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 40 from a previous price target of $37 .

Baxter International Inc. (Baxter) is a diversified healthcare company. The Company operates in two segments: BioScience segment which include three commercial franchises: Hemophilia BioTherapeutics and BioSurgery and Medical Products segment which include four commercial franchises: Fluid Systems Renal Specialty Pharmaceuticals and BioPharma Solutions. Its BioScience processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies alpha-1 antitrypsin deficiency burns and shock and other chronic and acute blood-related conditions and biosurgery products. Its Medical Products manufactures intravenous (IV) solutions and administration sets premixed drugs and drug-reconstitution systems pre-filled vials and syringes for injectable drugs IV nutrition products infusion pumps and inhalation anesthetics. Its products are used in hospitals kidney dialysis centers and nursing homes among others.

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