Baxter Intl INC (BAX) Holder Shelton Capital Management Raised Holding

June 14, 2018 - By Maria Brooks

Baxter International Inc. (NYSE:BAX) LogoInvestors sentiment decreased to 0.66 in 2018 Q1. Its down 0.31, from 0.97 in 2017Q4. It dived, as 43 investors sold BAX shares while 368 reduced holdings. 81 funds opened positions while 191 raised stakes. 432.17 million shares or 2.05% less from 441.20 million shares in 2017Q4 were reported. Moreover, Everett Harris And Co Ca has 1.02% invested in Baxter International Inc. (NYSE:BAX). South State Corp holds 0.08% of its portfolio in Baxter International Inc. (NYSE:BAX) for 11,095 shares. Cranbrook Wealth Management Ltd Limited Liability Company holds 1,763 shares. Kcm Advsr Limited Liability Company reported 0.02% stake. The Connecticut-based Hartford Invest Management Communications has invested 0.14% in Baxter International Inc. (NYSE:BAX). Reilly Advisors, a California-based fund reported 1,658 shares. Beutel Goodman And has invested 0.18% in Baxter International Inc. (NYSE:BAX). American Assets Inv Management Limited Liability Corp stated it has 0.88% in Baxter International Inc. (NYSE:BAX). Mutual Of Omaha Financial Bank Wealth Mgmt holds 4,142 shares. Profund Advisors Ltd Company holds 0.04% of its portfolio in Baxter International Inc. (NYSE:BAX) for 16,703 shares. Dynamic Advisor Solutions Ltd Liability owns 10,024 shares. State Of Alaska Department Of Revenue has 0.13% invested in Baxter International Inc. (NYSE:BAX) for 95,856 shares. 208,228 were reported by Ontario Teachers Pension Plan Board. Mig Cap Ltd Liability invested 0.03% of its portfolio in Baxter International Inc. (NYSE:BAX). Evercore Wealth Limited Company holds 8,375 shares.

Since March 2, 2018, it had 0 buys, and 9 selling transactions for $11.07 million activity. 6,594 shares were sold by Shapazian Carole J, worth $473,383. $1.41M worth of Baxter International Inc. (NYSE:BAX) was sold by Eyre Brik V. Mason Jeanne K had sold 31,395 shares worth $2.26M. $243,443 worth of Baxter International Inc. (NYSE:BAX) shares were sold by STROUCKEN ALBERT P L. Another trade for 18,750 shares valued at $1.21M was made by GAVIN JAMES R III on Wednesday, March 28. Another trade for 47,959 shares valued at $3.10 million was made by STORM KORNELIS J. on Wednesday, March 28.

Shelton Capital Management increased its stake in Baxter Intl Inc (BAX) by 46.46% based on its latest 2018Q1 regulatory filing with the SEC. Shelton Capital Management bought 48,000 shares as the company’s stock rose 4.90% while stock markets declined. The institutional investor held 151,306 shares of the medical and dental instruments company at the end of 2018Q1, valued at $9.84M, up from 103,306 at the end of the previous reported quarter. Shelton Capital Management who had been investing in Baxter Intl Inc for a number of months, seems to be bullish on the $40.28 billion market cap company. The stock increased 0.86% or $0.64 during the last trading session, reaching $75.22. About 1.44 million shares traded. Baxter International Inc. (NYSE:BAX) has risen 22.64% since June 14, 2017 and is uptrending. It has outperformed by 10.07% the S&P500.

Shelton Capital Management, which manages about $1.01B and $1.52 billion US Long portfolio, decreased its stake in Cbre Group Inc (NYSE:CBG) by 103,900 shares to 5,658 shares, valued at $267,000 in 2018Q1, according to the filing. It also reduced its holding in Morgan Stanley (NYSE:MS) by 141,100 shares in the quarter, leaving it with 61,824 shares, and cut its stake in Valero Energy Corp New (NYSE:VLO).

Another recent and important Baxter International Inc. (NYSE:BAX) news was published by Seekingalpha.com which published an article titled: “Baxter Is Quickly Rebuilding Its Solid Dividend” on May 17, 2018.

Baxter International Inc. (NYSE:BAX) Ratings Coverage

Among 13 analysts covering Baxter International (NYSE:BAX), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Baxter International had 16 analyst reports since January 2, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, February 6 by Citigroup. The stock has “Hold” rating by RBC Capital Markets on Thursday, February 1. The firm earned “Overweight” rating on Friday, February 2 by Barclays Capital. The firm has “Hold” rating given on Monday, February 5 by Stifel Nicolaus. The stock of Baxter International Inc. (NYSE:BAX) earned “Buy” rating by Bank of America on Tuesday, May 22. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, February 1 report. Cowen & Co maintained Baxter International Inc. (NYSE:BAX) rating on Thursday, February 1. Cowen & Co has “Hold” rating and $78.0 target. JP Morgan upgraded Baxter International Inc. (NYSE:BAX) on Tuesday, January 2 to “Overweight” rating. The company was maintained on Monday, April 30 by Stifel Nicolaus. The rating was upgraded by Deutsche Bank on Tuesday, February 20 to “Buy”.

Baxter International Inc. (NYSE:BAX) Institutional Positions Chart

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