Baxter International Inc. (NYSE:BAX) SVP Jeanne K. Mason sold 33,350 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $65.25, for a total value of $2,176,087.50. Following the completion of the transaction, the senior vice president now directly owns 124,609 shares of the company’s stock, valued at approximately $8,130,737.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Baxter International Inc. (NYSE:BAX) traded down $0.23 during mid-day trading on Wednesday, reaching $64.02. The company had a trading volume of 2,562,400 shares, compared to its average volume of 2,698,777. Baxter International Inc. has a 12-month low of $43.13 and a 12-month high of $66.18. The firm has a market cap of $35,005.45, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.15 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.80 and a quick ratio of 2.22.

Baxter International (NYSE:BAX) last released its quarterly earnings results on Wednesday, October 25th. The medical instruments supplier reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.05. Baxter International had a return on equity of 15.00% and a net margin of 9.88%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm posted $0.56 EPS. The business’s revenue was up 5.8% on a year-over-year basis. equities research analysts forecast that Baxter International Inc. will post 2.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.00%. Baxter International’s dividend payout ratio is 34.41%.

Several equities analysts have commented on the company. Bank of America reaffirmed a “hold” rating on shares of Baxter International in a report on Wednesday, November 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $66.00 price target on shares of Baxter International in a report on Wednesday, November 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $65.00 target price on shares of Baxter International in a report on Thursday, October 26th. Barclays increased their target price on Baxter International from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, Morgan Stanley increased their target price on Baxter International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.46.

A number of hedge funds have recently added to or reduced their stakes in BAX. Baker Ellis Asset Management LLC acquired a new stake in Baxter International during the 2nd quarter valued at $109,000. BP PLC increased its holdings in Baxter International by 118.8% during the 2nd quarter. BP PLC now owns 151,000 shares of the medical instruments supplier’s stock valued at $9,140,000 after purchasing an additional 82,000 shares in the last quarter. Cigna Investments Inc. New increased its holdings in Baxter International by 8.7% during the 2nd quarter. Cigna Investments Inc. New now owns 21,494 shares of the medical instruments supplier’s stock valued at $1,305,000 after purchasing an additional 1,723 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Baxter International by 16.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,040,554 shares of the medical instruments supplier’s stock valued at $62,995,000 after purchasing an additional 144,400 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Baxter International by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 837,314 shares of the medical instruments supplier’s stock valued at $50,691,000 after purchasing an additional 12,633 shares in the last quarter. 83.59% of the stock is owned by hedge funds and other institutional investors.

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Baxter International Company Profile

Baxter International Inc, through its subsidiaries, provides renal and hospital products. The Company operates through two segments: Hospital Products and Renal. Its Hospital Products business manufactures sterile intravenous (IV) 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.

Insider Buying and Selling by Quarter for Baxter International (NYSE:BAX)

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