Nadler Financial Group Lowers stake in Baxter International Inc (BAX)

Baxter International Inc (BAX) : Nadler Financial Group reduced its stake in Baxter International Inc by 3.0% during the most recent quarter end. The investment management company now holds a total of 4,810 shares of Baxter International Inc which is valued at $233,045 after selling 149 shares in Baxter International Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Baxter International Inc makes up approximately 0.09% of Nadler Financial Group’s portfolio.

Other Hedge Funds, Including , Pure Financial Advisors boosted its stake in BAX in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 7,417 shares of Baxter International Inc which is valued at $359,354. Baxter International Inc makes up approx 0.12% of Pure Financial Advisors’s portfolio.Stillwater Investment Management boosted its stake in BAX in the latest quarter, The investment management firm added 588 additional shares and now holds a total of 19,967 shares of Baxter International Inc which is valued at $956,819. Baxter International Inc makes up approx 0.52% of Stillwater Investment Management’s portfolio. Independent Portfolio Consultants sold out all of its stake in BAX during the most recent quarter. The investment firm sold 427 shares of BAX which is valued $20,462.Washington Trust Bank boosted its stake in BAX in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 285 shares of Baxter International Inc which is valued at $13,657.West Oak Capital boosted its stake in BAX in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 6,049 shares of Baxter International Inc which is valued at $289,868. Baxter International Inc makes up approx 0.20% of West Oak Capital’s portfolio.

Baxter International Inc opened for trading at $48.37 and hit $48.55 on the upside on Friday, eventually ending the session at $48.45, with a gain of 0.48% or 0.23 points. The heightened volatility saw the trading volume jump to 35,83,251 shares. Company has a market cap of $26,351 M.

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.

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. (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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