Baxter International Inc (BAX) : Horrell Capital Management reduced its stake in Baxter International Inc by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,862 shares of Baxter International Inc which is valued at $1,297,972 after selling 138 shares in Baxter International Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Baxter International Inc makes up approximately 0.81% of Horrell Capital Management’s portfolio.
Other Hedge Funds, Including , Boston Advisors reduced its stake in BAX by selling 2,460 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 396,631 shares of BAX which is valued at $19,165,210. Baxter International Inc makes up approx 0.46% of Boston Advisors’s portfolio.Financial Architects Inc reduced its stake in BAX by selling 96 shares or 59.63% in the most recent quarter. The Hedge Fund company now holds 65 shares of BAX which is valued at $3,141.John G Ullman Associates Inc reduced its stake in BAX by selling 932 shares or 7.76% in the most recent quarter. The Hedge Fund company now holds 11,074 shares of BAX which is valued at $512,948. Baxter International Inc makes up approx 0.10% of John G Ullman Associates Inc’s portfolio.Heritage Investors Management Corp reduced its stake in BAX by selling 7,164 shares or 10.43% in the most recent quarter. The Hedge Fund company now holds 61,550 shares of BAX which is valued at $2,865,153. Baxter International Inc makes up approx 0.21% of Heritage Investors Management Corp’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in BAX in the latest quarter, The investment management firm added 9,560 additional shares and now holds a total of 142,953 shares of Baxter International Inc which is valued at $6,668,757. Baxter International Inc makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’s portfolio.
Baxter International Inc closed down -0.2 points or -0.41% at $48.02 with 54,89,155 shares getting traded on Friday. Post opening the session at $48.18, the shares hit an intraday low of $47.82 and an intraday high of $48.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Baxter International Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.40. The company had revenue of $2585.00 million for the quarter, compared to analysts expectations of $2516.16 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Investors should note that on Jul 19, 2016, Baxter International Inc announced a cash dividend of $0.1300. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Oct 3, 2016.
Many Wall Street Analysts have commented on Baxter International Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .Baxter International Inc was Resumed by JP Morgan to “Neutral” on Jun 6, 2016.
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.