Baxter International Inc (NYSE:BAX) Director Carole J. Shapazian sold 11,749 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $68.48, for a total transaction of $804,571.52. Following the completion of the sale, the director now owns 15,237 shares in the company, valued at $1,043,429.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NYSE:BAX traded down $0.47 on Thursday, reaching $66.79. The stock had a trading volume of 4,274,141 shares, compared to its average volume of 3,267,339. The firm has a market cap of $35.79 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04. The company has a current ratio of 2.60, a quick ratio of 1.96 and a debt-to-equity ratio of 0.38. Baxter International Inc has a 12-month low of $61.05 and a 12-month high of $78.38.

Baxter International (NYSE:BAX) last released its earnings results on Wednesday, October 31st. The medical instruments supplier reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.06. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.79 billion. Baxter International had a net margin of 10.90% and a return on equity of 17.67%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities research analysts forecast that Baxter International Inc will post 3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.76 dividend on an annualized basis and a yield of 1.14%. Baxter International’s dividend payout ratio (DPR) is 30.65%.

Baxter International declared that its board has initiated a share buyback plan on Tuesday, November 13th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the medical instruments supplier to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Baxter International by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 36,398,931 shares of the medical instruments supplier’s stock valued at $2,805,993,000 after purchasing an additional 470,198 shares in the last quarter. FMR LLC lifted its holdings in Baxter International by 2.5% in the 3rd quarter. FMR LLC now owns 29,356,040 shares of the medical instruments supplier’s stock valued at $2,263,057,000 after purchasing an additional 719,013 shares in the last quarter. Morgan Stanley increased its stake in shares of Baxter International by 267.9% during the 3rd quarter. Morgan Stanley now owns 10,570,520 shares of the medical instruments supplier’s stock valued at $814,880,000 after acquiring an additional 7,697,267 shares during the last quarter. Standard Life Aberdeen plc increased its stake in shares of Baxter International by 121.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 5,743,738 shares of the medical instruments supplier’s stock valued at $442,813,000 after acquiring an additional 3,146,868 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Baxter International by 7.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,321,125 shares of the medical instruments supplier’s stock valued at $333,116,000 after acquiring an additional 306,714 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research reiterated a “hold” rating and issued a $71.00 price objective on shares of Baxter International in a research report on Monday, November 12th. Piper Jaffray Companies decreased their price objective on shares of Baxter International from $83.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, November 1st. ValuEngine upgraded shares of Baxter International from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. BMO Capital Markets decreased their price objective on shares of Baxter International from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st. Finally, Citigroup decreased their price objective on shares of Baxter International from $76.00 to $69.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $74.41.

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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.

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