Great Lakes Advisors LLC bought a new position in shares of Baxter International Inc (NYSE:BAX) in the 1st quarter, HoldingsChannel reports. The fund bought 9,356 shares of the medical instruments supplier’s stock, valued at approximately $761,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. C J Advisory Inc acquired a new stake in shares of Baxter International during the first quarter worth about $28,000. Gantzert Investment Co. LLC ADV acquired a new stake in shares of Baxter International during the fourth quarter worth about $25,000. Parisi Gray Wealth Management acquired a new stake in shares of Baxter International during the fourth quarter worth about $26,000. Sontag Advisory LLC acquired a new stake in shares of Baxter International during the fourth quarter worth about $30,000. Finally, Baldwin Brothers Inc. MA boosted its stake in shares of Baxter International by 904.0% during the fourth quarter. Baldwin Brothers Inc. MA now owns 502 shares of the medical instruments supplier’s stock worth $33,000 after buying an additional 452 shares during the period. Institutional investors and hedge funds own 84.39% of the company’s stock.

In other Baxter International news, insider Third Point Llc sold 5,000,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $76.37, for a total value of $381,850,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas T. Stallkamp sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $75.16, for a total transaction of $75,160.00. Following the completion of the transaction, the director now directly owns 6,780 shares of the company’s stock, valued at $509,584.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,057,187 shares of company stock valued at $386,297,619. 0.70% of the stock is currently owned by corporate insiders.

Shares of Baxter International stock opened at $75.03 on Friday. Baxter International Inc has a 12-month low of $61.05 and a 12-month high of $82.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.83 and a quick ratio of 1.30. The stock has a market capitalization of $38.42 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 1.77 and a beta of 0.96.

Baxter International (NYSE:BAX) last issued its earnings results on Thursday, April 25th. The medical instruments supplier reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.08. Baxter International had a net margin of 14.27% and a return on equity of 20.04%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Baxter International Inc will post 3.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is a boost from Baxter International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 1.17%. Baxter International’s dividend payout ratio (DPR) is 24.92%.

Several equities research analysts have recently weighed in on BAX shares. Barclays increased their target price on shares of Baxter International from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Piper Jaffray Companies reissued an “overweight” rating and set a $80.00 price target on shares of Baxter International in a report on Friday, February 1st. Zacks Investment Research cut shares of Baxter International from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Morgan Stanley increased their price target on shares of Baxter International from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Finally, Cowen set a $75.00 price target on shares of Baxter International and gave the stock a “hold” rating in a report on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $78.33.

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Baxter International Profile

Baxter International Inc, through its subsidiaries, develops and provides a portfolio of healthcare products. The company operates through North and South America; Europe, Middle East and Africa; and Asia-Pacific segments. The company offers peritoneal dialysis and hemodialysis, and additional dialysis therapies and services; renal replacement therapies and other organ support therapies focused in the intensive care unit; sterile intravenous (IV) solutions, IV therapies, infusion pumps, administration sets, and drug reconstitution devices; and parenteral nutrition therapies.

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

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