Anchor Capital Advisors LLC Has Lowered Its Baxter Intl INC (BAX) Position by $3.33 Million; Market Value Rose

November 14, 2017 - By Richard Conner

Investors sentiment decreased to 0.92 in 2017 Q2. Its down 0.03, from 0.95 in 2017Q1. It fall, as 52 investors sold BAX shares while 315 reduced holdings. 89 funds opened positions while 247 raised stakes. 444.08 million shares or 0.51% more from 441.85 million shares in 2017Q1 were reported. Stephens Ar has invested 0.01% in Baxter International Inc (NYSE:BAX). Proshare Advisors Limited Company has invested 0.05% in Baxter International Inc (NYSE:BAX). Parametric Associates Ltd Liability Company holds 1.63 million shares or 0.12% of its portfolio. Lawson Kroeker Mngmt Ne invested in 0.1% or 4,950 shares. Sabal Trust Com reported 16,506 shares stake. Millennium Ltd Llc reported 0.09% of its portfolio in Baxter International Inc (NYSE:BAX). Jarislowsky Fraser Limited, Quebec – Canada-based fund reported 6,600 shares. Moreover, Lodestar Invest Counsel Il has 0.13% invested in Baxter International Inc (NYSE:BAX) for 16,389 shares. Moreover, Whittier Of Nevada has 0.01% invested in Baxter International Inc (NYSE:BAX). Moreover, Mufg Americas Corporation has 0.4% invested in Baxter International Inc (NYSE:BAX) for 204,859 shares. Omers Administration owns 0.03% invested in Baxter International Inc (NYSE:BAX) for 39,900 shares. Gateway Investment Advisers Ltd Liability, a Ohio-based fund reported 423,109 shares. Lord Abbett Limited Co accumulated 0.04% or 210,457 shares. Stock Yards Savings Bank And Trust holds 0.06% or 7,978 shares in its portfolio. Sigma Planning owns 8,576 shares for 0.05% of their portfolio.

Since May 23, 2017, it had 0 insider purchases, and 1 sale for $151,635 activity.

Kevin Michael Ulrich decreased its stake in Baxter Intl Inc (BAX) by 5.36% based on its latest 2017Q2 regulatory filing with the SEC. Anchor Capital Advisors Llc sold 55,472 shares as the company’s stock rose 15.04% with the market. The hedge fund run by Kevin Michael Ulrich held 979,514 shares of the medical and dental instruments company at the end of 2017Q2, valued at $59.30 million, down from 1.03 million at the end of the previous reported quarter. Anchor Capital Advisors Llc who had been investing in Baxter Intl Inc for a number of months, seems to be less bullish one the $35.12 billion market cap company. The stock declined 0.14% or $0.09 reaching $64.37 per share. About 2.30M shares traded. Baxter International Inc (NYSE:BAX) has risen 32.55% since November 14, 2016 and is uptrending. It has outperformed by 15.85% the S&P500.

Anchor Capital Advisors Llc, which manages about $8.51B and $2.74B US Long portfolio, upped its stake in Berkshire Hathaway Inc Del (BRKB) by 54,015 shares to 145,391 shares, valued at $24.63M in 2017Q2, according to the filing. It also increased its holding in Royal Dutch Shell Plc by 94,054 shares in the quarter, for a total of 340,475 shares, and has risen its stake in Federated Invs Inc Pa (NYSE:FII).

Analysts expect Baxter International Inc (NYSE:BAX) to report $0.59 EPS on February, 7.They anticipate $0.02 EPS change or 3.51 % from last quarter’s $0.57 EPS. BAX’s profit would be $321.90M giving it 27.28 P/E if the $0.59 EPS is correct. After having $0.64 EPS previously, Baxter International Inc’s analysts see -7.81 % EPS growth.

More news for Baxter International Inc (NYSE:BAX) were recently published by: Fool.com, which released: “Baxter International Inc.’s Cost-Cutting Efforts Pay Off in the Third Quarter” on October 25, 2017. Nasdaq.com‘s article titled: “Baxter International Inc. Profit Rises 14% In Q3” and published on October 25, 2017 is yet another important article.

Baxter International Inc (NYSE:BAX) Ratings Coverage

Among 16 analysts covering Baxter International (NYSE:BAX), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Baxter International had 41 analyst reports since July 30, 2015 according to SRatingsIntel. Cantor Fitzgerald initiated it with “Overweight” rating and $70 target in Friday, June 30 report. The rating was maintained by RBC Capital Markets with “Hold” on Friday, September 1. Piper Jaffray initiated it with “Overweight” rating and $39 target in Monday, November 16 report. The rating was maintained by Credit Suisse with “Neutral” on Monday, April 25. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, October 26. RBC Capital Markets maintained Baxter International Inc (NYSE:BAX) rating on Wednesday, February 3. RBC Capital Markets has “Sector Perform” rating and $40 target. RBC Capital Markets maintained Baxter International Inc (NYSE:BAX) on Wednesday, July 26 with “Hold” rating. The company was maintained on Thursday, August 31 by BMO Capital Markets. As per Monday, October 2, the company rating was maintained by RBC Capital Markets. The firm has “Market Perform” rating given on Thursday, July 30 by Leerink Swann.

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