California State Teachers Retirement System Lowers Stake in Baxter International Inc. (BAX)

Lloyd Doyle
October 12, 2017

The SI to Baxter International Incorporated's float is 1.16%. The stock increased 0.49% or $0.3 during the last trading session, reaching $62.01.

Baxter International (NYSE:BAX) last posted its quarterly earnings results on Wednesday, July 26th. It has outperformed by 15.85% the S&P500. Park National Corp OH now owns 10,969 shares of the medical instruments supplier's stock worth $688,000 after purchasing an additional 1,746 shares during the period. Wellington Management Group Llp acquired 2.61M shares as Baxter Intl Inc (BAX)'s stock rose 15.04%. Farmers National Bank now owns 8,408 shares of the medical instruments supplier's stock worth $509,000 after purchasing an additional 2,502 shares in the last quarter. Baxter Intl Inc now has $33.80 billion valuation. The stock declined 0.62% or $0.99 reaching $159.08 on the news. About 1.52M shares traded. Eaton Vance holds 0.05% of its portfolio in Baxter International Inc (NYSE:BAX) for 322,111 shares. It has underperformed by 16.70% the S&P500.

Analysts await Pluristem Therapeutics Inc. (NASDAQ:QCOM), 13 have Buy rating, 1 Sell and 21 Hold. Therefore 70% are positive. Panagora Asset Management Inc. boosted its position in shares of Baxter International by 398.0% in the third quarter. The company was maintained on Friday, March 11 by Roth Capital. (NASDAQ:QCOM) on Friday, September 8 with "Hold" rating. (TSE:BCE) earned "Outperform" rating by Barclays Capital on Friday, August 28. Stifel Nicolaus has "Buy" rating and $18500 target. The rating was maintained by RBC Capital Markets with "Hold" on Monday, October 2. Stifel Nicolaus maintained Watsco Inc (NYSE:WSO) on Tuesday, July 25 with "Buy" rating. On Monday, November 9 the stock rating was downgraded by Nomura to "Neutral". The stock of Baxter International Inc (NYSE:BAX) earned "Hold" rating by RBC Capital Markets on Wednesday, July 26. (NASDAQ:QCOM) rating on Thursday, September 29. Zacks Investment Research's price target indicates a potential upside of 11.27% from the stock's current price. Hillsdale Investment Inc reported 7,430 shares. Levin Capital Strategies L.P. now owns 59,879 shares of the medical instruments supplier's stock worth $3,105,000 after buying an additional 1,400 shares during the period.

Investors of record on Friday, June 2nd will be given a $0.16 dividend. Its down 0.03, from 0.95 in 2017Q1. Alethea Mngmt Llc holds 8,000 shares or 0.27% of its portfolio.

BCE a communications company. Huntington State Bank invested in 321,642 shares. The New York-based A.R.T. Advisors Llc has invested 0% in the stock. Mathes owns 1,400 shares for 0.11% of their portfolio.

Investors sentiment decreased to 1.12 in Q2 2017. White Pine Capital Lc owns 5,400 shares for 0.13% of their portfolio. Mai Cap stated it has 0.85% of its portfolio in QUALCOMM, Inc. Dimensional Fund Advisors Lp has 0.02% invested in Watsco Inc (NYSE:WSO).

Motley Fool Asset Management Llc increased its stake in Watsco Inc (WSO) by 332.43% based on its latest 2017Q2 regulatory filing with the SEC. Pinnacle Assocs Limited has 155,949 shares. Goldman Sachs Group Inc reaffirmed a "conviction-buy" rating and issued a $71.00 target price on shares of Baxter International in a report on Tuesday, May 16th.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Baxter International Inc. Susquehanna initiated the stock with "Positive" rating in Wednesday, June 1 report. The stock has "Equal-Weight" rating by Morgan Stanley on Tuesday, July 25. The firm has "Market Perform" rating by Leerink Swann given on Thursday, July 30.

04/27/2017 - Baxter International Inc. had its "sector perform" rating reiterated by analysts at RBC Capital. As per Monday, August 10, the company rating was reinitiated by Credit Suisse.

In other Baxter International news, SVP Giuseppe Accogli sold 12,670 shares of Baxter International stock in a transaction dated Thursday, August 17th. On Monday, August 31 the stock rating was maintained by BMO Capital Markets with "Outperform". BMO Capital Markets raised Baxter International from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $55.00 to $70.00 in a report on Tuesday, July 11th. About shares traded. Baxter International Inc (NYSE:BAX) has risen 32.55% since October 11, 2016 and is uptrending.

Since May 5, 2017, it had 0 insider purchases, and 4 selling transactions for $8.24 million activity. 112 are held by Vantage Investment Advsrs Ltd. Rockefeller Ser owns 0.01% invested in Baxter International Inc (NYSE:BAX) for 5,012 shares. USA Financial Portformulas Corp purchased a new stake in shares of Baxter International during the 2nd quarter worth $510,000. The shares were sold at an average price of $62.28, for a total value of $555,537.60.

Baxter International Inc, through its subsidiaries, provides renal and hospital products. Following the completion of the sale, the senior vice president now owns 33,286 shares in the company, valued at approximately $2,029,114.56. The Company operates through two segments: Hospital Products and Renal.

Investors sentiment decreased to 0.92 in Q2 2017. Its down 0.15, from 1.27 in 2017Q1.

Several other large investors also recently bought and sold shares of BAX. The medical instruments supplier reported $0.63 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.06. Moreover, Connors Investor Svcs has 0.04% invested in Baxter International Inc (NYSE:BAX). Achmea Investment Management B.V. raised its stake in Baxter International by 15.3% during the second quarter. Loring Wolcott & Coolidge Fiduciary Llp Ma stated it has 1,700 shares. California State Teachers Retirement System owned approximately 0.17% of Baxter International worth $57,239,000 at the end of the most recent quarter. Guggenheim Capital Limited Liability Co stated it has 0.12% in Baxter International Inc (NYSE:BAX). Buckingham Cap holds 0.16% or 11,375 shares. Wealthtrust holds 0.01% of its portfolio in Baxter International Inc (NYSE:BAX) for 205 shares. Lodestar Inv Counsel Limited Liability Il reported 16,389 shares. Ray Gerald L & Assoc holds 10,100 shares. World Asset reported 2,314 shares stake. Monroe Retail Bank Mi invested in 0.02% or 843 shares. After $0.63 actual EPS reported by Baxter International Inc for the previous quarter, Wall Street now forecasts -6.35% negative EPS growth.

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