Shelton Capital Management Boosted Its Position in Baxter Intl INC (BAX) as Share Value Rose

June 14, 2018 - By Harriett Tippett

Baxter International Inc. (NYSE:BAX) LogoInvestors sentiment decreased to 0.66 in 2018 Q1. Its down 0.31, from 0.97 in 2017Q4. It fall, 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. Huntington National Bank & Trust has 399,260 shares for 0.43% of their portfolio. Bb&T Ltd Liability Com invested in 61,664 shares or 0.05% of the stock. Rhode Island-based Amica Mutual Insurance Company has invested 0.16% in Baxter International Inc. (NYSE:BAX). Ibm Retirement Fund reported 10,997 shares. Endurant Cap Management LP invested 0.81% of its portfolio in Baxter International Inc. (NYSE:BAX). Goelzer Investment Inc holds 7,677 shares or 0.06% of its portfolio. Tekla Cap Management Ltd Co has 0.1% invested in Baxter International Inc. (NYSE:BAX) for 39,965 shares. Burney holds 0.03% or 7,947 shares in its portfolio. Trust Department Mb State Bank N A invested in 0.01% or 1,503 shares. Adirondack Trust has 666 shares. California Public Employees Retirement System has invested 0.14% of its portfolio in Baxter International Inc. (NYSE:BAX). Koch stated it has 0.04% in Baxter International Inc. (NYSE:BAX). Burke And Herbert Fincl Bank And Trust holds 0.22% or 3,725 shares. Mackay Shields Ltd Liability Co has 357,595 shares. Nichols & Pratt Advisers Llp Ma accumulated 5,040 shares or 0.03% of the stock.

Since March 2, 2018, it had 0 insider buys, and 9 insider sales for $11.07 million activity. On Wednesday, March 28 the insider GAVIN JAMES R III sold $1.21M. 25,000 Baxter International Inc. (NYSE:BAX) shares with value of $1.80 million were sold by Eyre Brik V. On Wednesday, March 28 STORM KORNELIS J. sold $3.10 million worth of Baxter International Inc. (NYSE:BAX) or 47,959 shares. Another trade for 4,990 shares valued at $329,590 was sold by Shapazian Carole J. STROUCKEN ALBERT P L had sold 3,760 shares worth $243,443. $243,408 worth of Baxter International Inc. (NYSE:BAX) was sold by HELLMAN PETER S on Monday, April 2.

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 1.44M 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 $1.01 billion and $1.52B US Long portfolio, decreased its stake in Western Digital Corp (NASDAQ:WDC) by 36,392 shares to 28,255 shares, valued at $2.61 million in 2018Q1, according to the filing. It also reduced its holding in Franklin Res Inc (Put) (NYSE:BEN) by 300,000 shares in the quarter, leaving it with 60,000 shares, and cut its stake in Spdr S&P 500 Etf Tr (SPY).

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 stock of Baxter International Inc. (NYSE:BAX) has “Buy” rating given on Tuesday, May 22 by Bank of America. On Thursday, May 17 the stock rating was initiated by Piper Jaffray with “Buy”. The company was maintained on Thursday, February 1 by Cowen & Co. The firm has “Neutral” rating given on Tuesday, February 6 by Citigroup. Stifel Nicolaus maintained it with “Hold” rating and $72 target in Monday, April 30 report. The firm has “Hold” rating given on Thursday, February 1 by RBC Capital Markets. As per Friday, February 2, the company rating was maintained by Barclays Capital. Stifel Nicolaus maintained it with “Hold” rating and $71.0 target in Monday, February 5 report. The firm has “Buy” rating by BMO Capital Markets given on Thursday, February 1. The firm earned “Outperform” rating on Wednesday, January 3 by Raymond James.

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

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