Baxter International Inc (NYSE:BAX) SVP Giuseppe Accogli sold 28,641 shares of Baxter International stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $67.00, for a total transaction of $1,918,947.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Baxter International Inc (NYSE:BAX) opened at $69.18 on Friday. The firm has a market cap of $37,690.00, a PE ratio of 37.39, a PEG ratio of 2.05 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.80 and a quick ratio of 2.22. Baxter International Inc has a 12 month low of $44.56 and a 12 month high of $69.35.

Baxter International (NYSE:BAX) last posted its earnings results on Wednesday, October 25th. The medical instruments supplier reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. Baxter International had a net margin of 9.88% and a return on equity of 15.00%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. equities research analysts expect that Baxter International Inc will post 2.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 0.93%. Baxter International’s dividend payout ratio is currently 34.59%.

Several brokerages have commented on BAX. Royal Bank of Canada reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Baxter International in a research report on Wednesday, November 22nd. Morgan Stanley lifted their target price on shares of Baxter International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of Baxter International from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Cowen reiterated a “neutral” rating on shares of Baxter International in a research note on Friday, October 13th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $70.00 target price on shares of Baxter International in a research note on Friday, October 13th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $68.64.

A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in Baxter International by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 4,978,139 shares of the medical instruments supplier’s stock valued at $312,378,000 after acquiring an additional 16,523 shares in the last quarter. Bessemer Group Inc. grew its stake in Baxter International by 1.4% during the third quarter. Bessemer Group Inc. now owns 4,717,899 shares of the medical instruments supplier’s stock valued at $296,048,000 after acquiring an additional 64,949 shares in the last quarter. New York State Common Retirement Fund grew its stake in Baxter International by 19.0% during the second quarter. New York State Common Retirement Fund now owns 1,830,523 shares of the medical instruments supplier’s stock valued at $110,820,000 after acquiring an additional 291,752 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Baxter International by 4.6% during the third quarter. Parametric Portfolio Associates LLC now owns 1,666,746 shares of the medical instruments supplier’s stock valued at $104,588,000 after acquiring an additional 73,771 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Baxter International by 10.8% during the second quarter. Teachers Advisors LLC now owns 1,542,288 shares of the medical instruments supplier’s stock valued at $93,370,000 after acquiring an additional 149,832 shares in the last quarter. 83.78% of the stock is owned by institutional investors.

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Baxter International Company Profile

Baxter International Inc, through its subsidiaries, provides renal and hospital products. The Company operates through two segments: Hospital Products and Renal. Its Hospital Products business manufactures sterile intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, parenteral nutrition therapies, infusion pumps, inhalation anesthetics and biosurgery products.

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

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