IHT Wealth Management LLC Acquires New Holdings in Baxter International Inc (NYSE:BAX)

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IHT Wealth Management LLC bought a new stake in Baxter International Inc (NYSE:BAX) in the third quarter, Holdings Channel.com reports. The institutional investor bought 3,639 shares of the medical instruments supplier’s stock, valued at approximately $318,000.

Other hedge funds have also bought and sold shares of the company. Cleararc Capital Inc. lifted its stake in shares of Baxter International by 8.3% in the 3rd quarter. Cleararc Capital Inc. now owns 7,702 shares of the medical instruments supplier’s stock valued at $674,000 after purchasing an additional 591 shares during the last quarter. GQ Asset Management LLC acquired a new position in Baxter International during the third quarter worth $170,000. Amussen Hunsaker Associates LLC increased its position in Baxter International by 73.7% during the third quarter. Amussen Hunsaker Associates LLC now owns 7,666 shares of the medical instruments supplier’s stock worth $671,000 after buying an additional 3,253 shares during the last quarter. National Pension Service raised its holdings in Baxter International by 5.0% during the third quarter. National Pension Service now owns 615,634 shares of the medical instruments supplier’s stock valued at $53,850,000 after buying an additional 29,241 shares in the last quarter. Finally, Adalta Capital Management LLC raised its holdings in Baxter International by 6.9% during the third quarter. Adalta Capital Management LLC now owns 17,075 shares of the medical instruments supplier’s stock valued at $1,497,000 after buying an additional 1,100 shares in the last quarter. 82.43% of the stock is owned by institutional investors.

Several analysts have recently issued reports on BAX shares. Piper Jaffray Companies reiterated a “buy” rating on shares of Baxter International in a research note on Tuesday, September 10th. ValuEngine downgraded Baxter International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. set a $94.00 target price on Baxter International and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank began coverage on Baxter International in a research report on Monday, October 21st. They set a “buy” rating and a $109.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $89.77.

In other news, SVP Andrew Frye sold 3,332 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $88.00, for a total value of $293,216.00. Following the completion of the sale, the senior vice president now directly owns 16,391 shares of the company’s stock, valued at $1,442,408. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jacqueline Kunzler sold 5,934 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $88.12, for a total value of $522,904.08. Following the completion of the sale, the senior vice president now directly owns 3,089 shares of the company’s stock, valued at $272,202.68. The disclosure for this sale can be found here. Insiders sold a total of 9,446 shares of company stock worth $831,917 in the last ninety days. Insiders own 0.70% of the company’s stock.

NYSE BAX opened at $81.86 on Tuesday. Baxter International Inc has a twelve month low of $61.40 and a twelve month high of $89.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.10 and a current ratio of 2.78. The stock has a market capitalization of $41.85 billion, a PE ratio of 25.38, a P/E/G ratio of 2.11 and a beta of 0.98. The stock has a 50-day simple moving average of $81.66 and a 200 day simple moving average of $82.72.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.88 annualized dividend and a yield of 1.08%. Baxter International’s payout ratio is 28.85%.

About Baxter International

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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