Baxter International Inc. (BAX) To Go Ex-Dividend on November 30th
Baxter International Inc. (NYSE:BAX) declared a quarterly dividend on Tuesday, November 8th. Shareholders of record on Friday, December 2nd will be given a dividend of 0.13 per share on Tuesday, January 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 30th.
Baxter International (NYSE:BAX) opened at 46.61 on Tuesday. The firm has a 50-day moving average of $47.22 and a 200-day moving average of $46.46. The stock has a market capitalization of $25.35 billion, a price-to-earnings ratio of 5.22 and a beta of 0.88. Baxter International has a 1-year low of $34.06 and a 1-year high of $50.16.
Baxter International (NYSE:BAX) last announced its earnings results on Tuesday, October 25th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. Baxter International had a net margin of 48.68% and a return on equity of 11.43%. The business earned $2.56 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Baxter International will post $1.91 EPS for the current year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Baxter International from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Barclays PLC assumed coverage on shares of Baxter International in a report on Thursday, September 15th. They issued an “overweight” rating and a $52.00 target price for the company. Wells Fargo & Co. assumed coverage on shares of Baxter International in a report on Thursday, October 13th. They issued an “outperform” rating for the company. Evercore ISI reaffirmed a “buy” rating and issued a $56.00 target price (up from $52.00) on shares of Baxter International in a report on Wednesday, October 26th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $55.00 target price (up from $50.00) on shares of Baxter International in a report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.30.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stonebridge Capital Advisors LLC bought a new position in shares of Baxter International during the second quarter valued at $215,000. SevenBridge Financial Group LLC acquired a new stake in Baxter International during the second quarter valued at approximately $216,000. LPL Financial LLC raised its stake in Baxter International by 8.1% in the third quarter. LPL Financial LLC now owns 15,032 shares of the company’s stock valued at $711,000 after buying an additional 1,124 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in Baxter International by 34.9% in the second quarter. Johnson Investment Counsel Inc. now owns 15,103 shares of the company’s stock valued at $682,000 after buying an additional 3,908 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Baxter International by 5.9% in the second quarter. Thrivent Financial for Lutherans now owns 17,281 shares of the company’s stock valued at $782,000 after buying an additional 970 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.
About Baxter International
Baxter International Inc, through its subsidiaries, provides a portfolio of essential renal and hospital products, including home, acute and in-center dialysis; sterile intravenous (IV) solutions; infusion systems and devices; parenteral nutrition; biosurgery products and anesthetics, and pharmacy automation, software and services.
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