Economy

Quantitative Systematic Strategies LLC Trims Holdings in Baxter International Inc. (BAX)

California-based Cetera Advisor Net Ltd Company has invested 0.06% in Baxter International Inc (NYSE:BAX). They now have a $65.00 price target on the medical instruments supplier's stock. Wetherby Asset Management holds 0.1% of its portfolio in Baxter International Inc (NYSE:BAX) for 9,404 shares. Finally, Panagora Asset Management Inc. increased its stake in Baxter International by 1,888.1% in the first quarter. About 2.46M shares traded or 13.89% up from the average. Eyre Brik V had sold 130,732 shares worth $7.28M on Monday, May 8. FMR LLC boosted its position in shares of Baxter International by 83.1% during the 1st quarter. State Street Corp now owns 25,660,985 shares of the medical instruments supplier's stock valued at $1,330,814,000 after purchasing an additional 648,581 shares in the last quarter. Bnp Paribas Arbitrage Sa reported 888,179 shares. Finally, Geode Capital Management LLC lifted its holdings in Baxter International by 12.7% during the first quarter.

COPYRIGHT VIOLATION NOTICE: "Baxter International Inc". RBC Capital Markets maintained Baxter International Inc (NYSE:BAX) rating on Thursday, April 27. If you are reading this news story on another website, it was illegally stolen and republished in violation of USA and global copyright and trademark legislation. Baxter International had 41 analyst reports since July 30, 2015 according to SRatingsIntel.

Ratings analysis reveals 50% of Baxter's analysts are positive. RBC Capital Markets restated a "hold" rating and set a $50.00 price target (up from $47.00) on shares of Baxter International in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Baxter International from a "hold" rating to a "sell" rating in a research report on Tuesday, July 19th. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/10/29/baxter-internationals-bax-hold-rating-reiterated-at-stifel-nicolaus.html. They issued a "neutral" rating and a $63.00 price target on the stock. Out of 4 Wall Street analysts rating Hormel Foods, 3 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". On Thursday, January 26 the stock rating was initiated by Citigroup with "Buy". Also, SVP Giuseppe Accogli sold 12,670 shares of the business's stock in a transaction on Thursday, August 17th.

1607 Capital Partners Llc, which manages about $2.83 billion and $1.67 billion US Long portfolio, decreased its stake in Aberdeen Asia Pacific Incom (FAX) by 1.91 million shares to 1.30 million shares, valued at $6.48 million in 2017Q2, according to the filing. During last 3 month period, 0.22% of total institutional ownership has changed in the company shares.

In other news, Director Carole J. Shapazian sold 4,020 shares of Baxter International stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $60.96, for a total transaction of $772,363.20. Hanseatic Management Svcs invested in 32,968 shares or 1.02% of the stock. The disclosure for this sale can be found here. Arrow Fincl Corp accumulated 3,820 shares or 0.06% of the stock.

Shares of Baxter International Inc. (NYSE:BAX) traded up 1.777% on Monday, reaching $47.825. 2,460,524 shares of the company's stock were exchanged. The company has market cap of $16.04 billion. Baxter International Inc. has a one year low of $43.13 and a one year high of $65.70. Baxter International Inc (NYSE:BAX) has risen 32.55% since October 29, 2016 and is uptrending. The medical instruments supplier reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.67 billion. Return on equity was booked as 21.30% while return on assets was 11.60%. However, 5.36% over the last one month, 8.60% for the last quarter and year to date performance stands at 48.13%. During the same period in the previous year, the business earned $0.41 earnings per share. Equities research analysts forecast that Baxter International Inc. will post $2.41 EPS for the current year.

Cullen Frost Bankers Inc increased Baxter International Inc Com (BAX) stake by 37.25% reported in 2017Q2 SEC filing. The Company operates through two segments: Hospital Products and Renal. The Company's Hospital Products business makes sterile intravenous solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, parenteral nutrition therapies, infusion pumps, inhalation anesthetics and biosurgery products.

Several institutional investors and hedge funds have recently modified their holdings of BAX.



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