Baxter International Inc (BAX) : Secor Capital Advisors Lp scooped up 70,786 additional shares in Baxter International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 173,368 shares of Baxter International Inc which is valued at $8,500,233.Baxter International Inc makes up approximately 1.19% of Secor Capital Advisors Lp’s portfolio.
Other Hedge Funds, Including , Financial Counselors Inc reduced its stake in BAX by selling 584 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 132,970 shares of BAX which is valued at $6,519,519. Baxter International Inc makes up approx 0.37% of Financial Counselors Inc’s portfolio.Pzena Investment Management reduced its stake in BAX by selling 968,541 shares or 23.71% in the most recent quarter. The Hedge Fund company now holds 3,115,865 shares of BAX which is valued at $149,748,472. Baxter International Inc makes up approx 0.88% of Pzena Investment Management’s portfolio.Argent Trust Co reduced its stake in BAX by selling 1,863 shares or 27.48% in the most recent quarter. The Hedge Fund company now holds 4,917 shares of BAX which is valued at $236,311. Baxter International Inc makes up approx 0.10% of Argent Trust Co’s portfolio.Gsa Capital Partners Llp boosted its stake in BAX in the latest quarter, The investment management firm added 33,669 additional shares and now holds a total of 47,958 shares of Baxter International Inc which is valued at $2,304,861. Baxter International Inc makes up approx 0.12% of Gsa Capital Partners Llp’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in BAX by selling 422 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 107,404 shares of BAX which is valued at $5,157,540. Baxter International Inc makes up approx 0.15% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.
Baxter International Inc closed down -0.26 points or -0.54% at $47.98 with 37,69,052 shares getting traded on Wednesday. Post opening the session at $48.3, the shares hit an intraday low of $47.55 and an intraday high of $48.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.