Pegasus Partners Ltd. purchased a new position in shares of Baxter International Inc (NYSE:BAX) in the fourth quarter, HoldingsChannel reports. The firm purchased 20,917 shares of the medical instruments supplier’s stock, valued at approximately $1,352,000.

Other large investors have also modified their holdings of the company. Colony Group LLC acquired a new stake in Baxter International during the 3rd quarter worth $6,966,000. Toronto Dominion Bank boosted its stake in Baxter International by 8.6% during the 3rd quarter. Toronto Dominion Bank now owns 212,015 shares of the medical instruments supplier’s stock worth $13,304,000 after purchasing an additional 16,835 shares during the period. Johnson Financial Group Inc. boosted its stake in Baxter International by 15.5% during the 3rd quarter. Johnson Financial Group Inc. now owns 21,038 shares of the medical instruments supplier’s stock worth $1,320,000 after purchasing an additional 2,825 shares during the period. Sawyer & Company Inc acquired a new stake in Baxter International during the 4th quarter worth $327,000. Finally, Canada Pension Plan Investment Board boosted its stake in Baxter International by 35.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,413,054 shares of the medical instruments supplier’s stock worth $88,669,000 after purchasing an additional 372,500 shares during the period. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Shares of Baxter International Inc (BAX) opened at $64.63 on Wednesday. Baxter International Inc has a 52 week low of $48.58 and a 52 week high of $72.58. The company has a market cap of $35,414.07, a price-to-earnings ratio of 26.10, a PEG ratio of 1.84 and a beta of 0.78. The company has a quick ratio of 2.22, a current ratio of 2.80 and a debt-to-equity ratio of 0.37.

Baxter International (NYSE:BAX) last announced its quarterly earnings results on Thursday, February 1st. The medical instruments supplier reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.05. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.77 billion. Baxter International had a net margin of 6.79% and a return on equity of 15.12%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS. equities research analysts expect that Baxter International Inc will post 2.78 earnings per share for the current fiscal year.

BAX has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Baxter International from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, October 24th. Raymond James Financial upgraded shares of Baxter International from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research note on Wednesday, January 3rd. Royal Bank of Canada restated a “hold” rating and issued a $66.00 target price on shares of Baxter International in a research note on Wednesday, November 22nd. JPMorgan Chase & Co. upgraded shares of Baxter International from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Bank of America restated a “hold” rating on shares of Baxter International in a research note on Wednesday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Baxter International has an average rating of “Buy” and a consensus price target of $70.36.

In other news, SVP Jeanne K. Mason sold 33,350 shares of the stock in a transaction dated 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 owns 124,609 shares in the company, valued at approximately $8,130,737.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Giuseppe Accogli sold 28,641 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $67.00, for a total transaction of $1,918,947.00. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.

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About Baxter International

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.

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Institutional Ownership by Quarter for Baxter International (NYSE:BAX)

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