Baxter International Inc (BAX) SVP Scott Pleau Sells 27,197 Shares

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Baxter International Inc (NYSE:BAX) SVP Scott Pleau sold 27,197 shares of the firm’s stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $73.57, for a total value of $2,000,883.29. Following the sale, the senior vice president now directly owns 47,363 shares in the company, valued at approximately $3,484,495.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Baxter International opened at $73.80 on Friday, Marketbeat Ratings reports. Baxter International Inc has a twelve month low of $58.81 and a twelve month high of $75.62. The company has a market capitalization of $39.17 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 1.89 and a beta of 0.81. The company has a current ratio of 2.63, a quick ratio of 2.03 and a debt-to-equity ratio of 0.39.

Baxter International (NYSE:BAX) last announced its earnings results on Thursday, April 26th. The medical instruments supplier reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. Baxter International had a return on equity of 15.70% and a net margin of 7.75%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the business posted $0.58 EPS. The company’s revenue was up 8.2% on a year-over-year basis. equities analysts expect that Baxter International Inc will post 2.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 1st will be paid a $0.19 dividend. This is an increase from Baxter International’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 31st. Baxter International’s dividend payout ratio (DPR) is 30.65%.

Hedge funds have recently made changes to their positions in the business. Maverick Capital Ltd. grew its stake in shares of Baxter International by 91.4% in the 4th quarter. Maverick Capital Ltd. now owns 108,210 shares of the medical instruments supplier’s stock valued at $6,995,000 after purchasing an additional 51,670 shares during the last quarter. BancorpSouth Bank purchased a new position in shares of Baxter International in the 4th quarter valued at approximately $693,000. 180 Wealth Advisors LLC purchased a new position in shares of Baxter International in the 4th quarter valued at approximately $480,000. Signaturefd LLC boosted its stake in shares of Baxter International by 31.9% in the fourth quarter. Signaturefd LLC now owns 5,886 shares of the medical instruments supplier’s stock valued at $380,000 after buying an additional 1,425 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Baxter International by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 781,380 shares of the medical instruments supplier’s stock valued at $50,509,000 after buying an additional 29,668 shares in the last quarter. Institutional investors own 83.44% of the company’s stock.

BAX has been the topic of a number of research reports. Piper Jaffray Companies restated an “overweight” rating and set a $77.00 price target on shares of Baxter International in a research note on Thursday, May 31st. Stifel Nicolaus raised their price target on Baxter International from $71.00 to $72.00 and gave the stock a “hold” rating in a research note on Monday, April 30th. Zacks Investment Research upgraded Baxter International from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Wednesday, April 11th. Finally, ValuEngine upgraded Baxter International from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $73.25.

Baxter International Company Profile

Baxter International Inc provides a portfolio of healthcare products. The company operates through North and South America; Europe, Middle East and Africa; and Asia-Pacific segments. It 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.

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

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