Blackrock a Top Socially Responsible Dividend Stock With 2.5% Yield (BLK)

Blackrock Inc (Symbol: BLK) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average …

Blackrock Inc (Symbol: BLK) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ”DividendRank” statistics including a strong 2.5% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company’s products and services, as well as the company’s efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company’s impact on society — for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol.

According to the ETF Finder at ETF Channel, Blackrock Inc is a member of both the iShares MSCI USA ESG Select ETF (SUSA), making up 2.30% of the underlying holdings of the fund, as well as the iShares MSCI KLD 400 Social Index Fund ETF (DSI), where BLK makes up 0.44% of the underlying holdings of the fund.

The annualized dividend paid by Blackrock Inc is $14.52/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/04/2020. Below is a long-term dividend history chart for BLK, which the DividendRank report stressed as being of key importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

BLK+Dividend+History+Chart

Top 25 Socially Responsible Dividend Stocks — Income To Feel Good About »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Osher Van De Voorde Investment Management Cut Its Qualcomm (QCOM) Position by $3.14 …

Blackrock Inc increased its stake in Finisar Corp (FNSR) by 0.6% based on its latest 2019Q2 regulatory filing with the SEC. Blackrock Inc bought …

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Blackrock Inc increased its stake in Finisar Corp (FNSR) by 0.6% based on its latest 2019Q2 regulatory filing with the SEC. Blackrock Inc bought 107,524 shares as the company’s stock declined 0.04% . The institutional investor held 18.11 million shares of the semiconductors company at the end of 2019Q2, valued at $414.14 million, up from 18.00 million at the end of the previous reported quarter. Blackrock Inc who had been investing in Finisar Corp for a number of months, seems to be bullish on the $2.76B market cap company. The stock decreased 1.33% or $0.31 during the last trading session, reaching $22.98. About 1.16 million shares traded. Finisar Corporation (NASDAQ:FNSR) has risen 39.73% since September 15, 2018 and is uptrending. It has outperformed by 39.73% the S&P500. Some Historical FNSR News: 08/03/2018 – Finisar 3Q Adj EPS 20c; 08/03/2018 – FINISAR SEES 4Q ADJ EPS 9.0C TO 15C, EST. 21.3C; 08/03/2018 – Finisar 3Q Loss/Shr 49c; 08/03/2018 – FINISAR CORP QTRLY SHR LOSS $0.49; 13/03/2018 – Finisar Introduces Industry’s First 400G QSFP-DD Active Optical Cable and Transceivers for Switching and Routing Applications; 05/04/2018 – CAFC: FINISAR CORPORATION v. NISTICA, INC. [RULE 36 JUDGMENT] – Appeal #17-1649 – 2018-04-05; 15/03/2018 – Finisar Closes Below 50-Day Moving Average: Technicals; 09/03/2018 – Tech Today: Netflix’s Halo, Finisar’s Dismal Report, Big Blue’s View — Barron’s Blog; 08/03/2018 – Finisar Sees 4Q Rev $300M-$320M; 13/03/2018 – Finisar Introduces Industry’s Smallest Coherent Optical Assembly for High-Density Line Card and Transceiver Designs at OFC 20

Osher Van De Voorde Investment Management decreased its stake in Qualcomm Inc (QCOM) by 26.17% based on its latest 2019Q2 regulatory filing with the SEC. Osher Van De Voorde Investment Management sold 41,262 shares as the company’s stock declined 15.29% . The institutional investor held 116,404 shares of the radio and television broadcasting and communications equipment company at the end of 2019Q2, valued at $8.86 million, down from 157,666 at the end of the previous reported quarter. Osher Van De Voorde Investment Management who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $95.32B market cap company. The stock decreased 0.85% or $0.67 during the last trading session, reaching $78.41. About 5.34 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 17.92% since September 15, 2018 and is uptrending. It has outperformed by 17.92% the S&P500. Some Historical QCOM News: 29/03/2018 – Tsinghua Unigroup postpones mobile chip unit IPO; 14/03/2018 – Singapore-based Broadcom Ltd is planning to scrap its bid for Qualcomm Inc, after U.S; 08/05/2018 – Australian Gov: WIPO PUBLISHES PATENT OF QUALCOMM FOR “SOURCE FOLLOWER BASED ENVELOPE TRACKING FOR POWER AMPLIFIER BIASING”; 14/03/2018 – Trump’s decision to block Broadcom’s attempt to acquire Qualcomm will deter companies from looking for growth beyond national borders, experts say; 12/03/2018 – US turns up heat on Broadcom over relocation aspect of Qualcomm battle; 02/04/2018 – Qualcomm Extends NXP Tender Offer to April 6; 16/03/2018 – Qualcomm’s Former Chairman Said to Explore Taking Company Private; 09/03/2018 – Broadcom: ‘Any Notion That a Combined Broadcom-Qualcomm Would Slash Funding or Cede Leadership in 5G Is Completely Unfounded’; 06/03/2018 – Qualcomm, Huawei in Talks to Settle Patent-Royalty Dispute; 25/04/2018 – QUALCOMM SAID CHINA SELL-THROUGH OF SMARTPHONES HAS BEEN OK

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Notable ETF Inflow Detected – QQQ, TXN, QCOM, MU – Nasdaq” on August 21, 2019, also Nasdaq.com with their article: “Will Lower Revenues Hurt Qualcomm’s (QCOM) Q3 Earnings? – Nasdaq” published on July 29, 2019, Nasdaq.com published: “Here’s Where You Buy Qualcomm Stock – Nasdaq” on July 03, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “QUALCOMM Incorporated (QCOM) Ex-Dividend Date Scheduled for June 05, 2019 – Nasdaq” published on June 04, 2019 as well as Seekingalpha.com‘s news article titled: “Qualcomm bringing 5G to lower-cost phones – Seeking Alpha” with publication date: September 06, 2019.

Osher Van De Voorde Investment Management, which manages about $219.15 million and $242.14M US Long portfolio, upped its stake in Alphabet Inc. by 7,296 shares to 7,496 shares, valued at $8.12 million in 2019Q2, according to the filing.

Investors sentiment increased to 0.85 in 2019 Q2. Its up 0.08, from 0.77 in 2019Q1. It is positive, as 66 investors sold QCOM shares while 468 reduced holdings. 172 funds opened positions while 281 raised stakes. 927.97 million shares or 2.98% more from 901.11 million shares in 2019Q1 were reported. Hamlin Cap Mngmt Ltd Liability Corp holds 2.88% or 880,469 shares. Adell Harriman And Carpenter has 62,255 shares for 0% of their portfolio. Keystone Planning has invested 1.31% in QUALCOMM Incorporated (NASDAQ:QCOM). Hbk Sorce Advisory Lc holds 18,628 shares or 0.21% of its portfolio. Argent Tru, a Tennessee-based fund reported 47,609 shares. Art Advsr Ltd Com holds 0.15% or 35,500 shares. Hallmark invested in 2,680 shares. Fosun International Limited invested 0.11% in QUALCOMM Incorporated (NASDAQ:QCOM). Manufacturers Life Ins The accumulated 1.13M shares. F&V Cap Management owns 3,920 shares or 0.18% of their US portfolio. Bamco reported 4,000 shares or 0% of all its holdings. Blue Chip Prns, Michigan-based fund reported 21,839 shares. American Grp Incorporated Incorporated holds 0.16% or 522,885 shares in its portfolio. Roosevelt Investment Group Incorporated reported 0.08% stake. Altfest L J & Communications Incorporated has invested 0.18% in QUALCOMM Incorporated (NASDAQ:QCOM).

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on November, 6. They expect $0.55 EPS, down 27.63% or $0.21 from last year’s $0.76 per share. QCOM’s profit will be $668.61 million for 35.64 P/E if the $0.55 EPS becomes a reality. After $0.64 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -14.06% negative EPS growth.

More notable recent Finisar Corporation (NASDAQ:FNSR) news were published by: Nasdaq.com which released: “Telecom Stock Roundup: Sprint Boosts Video Analytics, AT&T’s Content Deal & More – Nasdaq” on September 05, 2019, also Nasdaq.com with their article: “Finisar Introduces L-band High Resolution Optical Spectrum Analyzer for R&D and Manufacturing Applications – Nasdaq” published on September 03, 2019, Seekingalpha.com published: “Finisar EPS misses by $0.02, misses on revenue – Seeking Alpha” on September 04, 2019. More interesting news about Finisar Corporation (NASDAQ:FNSR) were released by: Nasdaq.com and their article: “3 Top Augmented Reality Stocks to Buy Right Now – Nasdaq” published on August 27, 2019 as well as Seekingalpha.com‘s news article titled: “Why I’m Fading The Finisar Deal For Now – Seeking Alpha” with publication date: September 05, 2019.

Blackrock Inc, which manages about $2337.62B US Long portfolio, decreased its stake in Plains Gp Hldgs LP by 180,751 shares to 1.80 million shares, valued at $45.06M in 2019Q2, according to the filing. It also reduced its holding in Taylor Morrison Home Corp (NYSE:TMHC) by 565,096 shares in the quarter, leaving it with 9.46M shares, and cut its stake in Bank New York Mellon Corp (NYSE:BK).

Investors sentiment decreased to 0.83 in Q2 2019. Its down 0.15, from 0.98 in 2019Q1. It dropped, as 29 investors sold FNSR shares while 49 reduced holdings. 15 funds opened positions while 50 raised stakes. 107.79 million shares or 13.16% less from 124.12 million shares in 2019Q1 were reported. Intl Gp Inc has 0.01% invested in Finisar Corporation (NASDAQ:FNSR) for 88,319 shares. Highvista Strategies Limited Liability Corp holds 1.53% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 130,661 shares. Utd Automobile Association accumulated 142,117 shares or 0.01% of the stock. Charles Schwab Invest Mngmt has invested 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Swiss State Bank holds 0.01% or 214,000 shares. Thrivent Financial For Lutherans has 0.01% invested in Finisar Corporation (NASDAQ:FNSR) for 92,497 shares. State Of Tennessee Treasury Department stated it has 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Arizona State Retirement invested in 182,893 shares. Sheets Smith Wealth Mngmt accumulated 10,475 shares. Pub Employees Retirement Of Ohio owns 4,938 shares or 0% of their US portfolio. 247,998 are held by Havens Lc. Aqr Capital Mngmt Lc reported 162,921 shares. Alpine Mngmt Inc owns 5.63 million shares for 3.78% of their portfolio. Paradigm Cap New York accumulated 0.99% or 474,200 shares. Grantham Mayo Van Otterloo & Communications Ltd Liability Corporation invested in 0.08% or 467,120 shares.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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HP Inc. (NYSE:HPQ) Shares Sold by BlackRock Inc.

AQR Capital Management LLC grew its holdings in HP by 44.2% in the first quarter. AQR Capital Management LLC now owns 18,796,913 shares of …

HP logoBlackRock Inc. lowered its holdings in shares of HP Inc. (NYSE:HPQ) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,715,046 shares of the computer maker’s stock after selling 4,705,003 shares during the period. BlackRock Inc. owned about 6.62% of HP worth $2,073,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HPQ. FMR LLC raised its position in shares of HP by 1.6% in the first quarter. FMR LLC now owns 20,390,859 shares of the computer maker’s stock valued at $396,194,000 after buying an additional 313,469 shares during the last quarter. Geode Capital Management LLC grew its holdings in HP by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 20,246,617 shares of the computer maker’s stock valued at $413,637,000 after purchasing an additional 385,515 shares during the period. AQR Capital Management LLC grew its holdings in HP by 44.2% in the first quarter. AQR Capital Management LLC now owns 18,796,913 shares of the computer maker’s stock valued at $362,686,000 after purchasing an additional 5,761,703 shares during the period. LSV Asset Management grew its holdings in HP by 8.1% in the first quarter. LSV Asset Management now owns 16,092,374 shares of the computer maker’s stock valued at $312,674,000 after purchasing an additional 1,199,670 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in HP by 2.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 11,469,669 shares of the computer maker’s stock valued at $238,454,000 after purchasing an additional 240,758 shares during the period. Institutional investors own 79.81% of the company’s stock.

A number of research firms recently issued reports on HPQ. Evercore ISI began coverage on shares of HP in a report on Wednesday, June 5th. They issued an “outperform” rating and a $23.00 target price for the company. Sanford C. Bernstein downgraded shares of HP from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a report on Monday, September 9th. Citigroup set a $20.00 target price on shares of HP and gave the company a “hold” rating in a report on Friday, August 23rd. Barclays lowered their target price on shares of HP from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Finally, UBS Group lowered their target price on shares of HP from $28.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.07.

HPQ opened at $19.08 on Friday. The company has a market cap of $27.79 billion, a P/E ratio of 8.64, a P/E/G ratio of 2.64 and a beta of 1.43. The company has a 50 day moving average of $19.26 and a two-hundred day moving average of $19.85. HP Inc. has a 52-week low of $17.10 and a 52-week high of $27.08.

HP (NYSE:HPQ) last announced its earnings results on Thursday, August 22nd. The computer maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $14.60 billion during the quarter, compared to the consensus estimate of $14.58 billion. HP had a net margin of 7.18% and a negative return on equity of 265.02%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. As a group, equities research analysts anticipate that HP Inc. will post 2.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.64 annualized dividend and a dividend yield of 3.35%. HP’s dividend payout ratio (DPR) is presently 31.68%.

In other news, insider Dion J. Weisler sold 437,171 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $18.01, for a total value of $7,873,449.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Claire Bramley sold 16,852 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $20.81, for a total transaction of $350,690.12. Following the completion of the transaction, the insider now owns 16,852 shares of the company’s stock, valued at $350,690.12. The disclosure for this sale can be found here. Insiders sold 606,987 shares of company stock valued at $11,420,336 over the last 90 days. Insiders own 0.25% of the company’s stock.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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Want to see what other hedge funds are holding HPQ?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ).

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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BlackRock Inc. Has $4.22 Billion Stock Holdings in Newmont Goldcorp Corp (NYSE:NEM)

BlackRock Inc. boosted its stake in shares of Newmont Goldcorp Corp (NYSE:NEM) by 27.8% in the 2nd quarter, according to its most recent Form …

Newmont Goldcorp logoBlackRock Inc. boosted its stake in shares of Newmont Goldcorp Corp (NYSE:NEM) by 27.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,649,438 shares of the basic materials company’s stock after purchasing an additional 23,820,369 shares during the period. BlackRock Inc. owned 13.37% of Newmont Goldcorp worth $4,218,213,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in Newmont Goldcorp by 33.0% during the second quarter. Van ECK Associates Corp now owns 37,040,057 shares of the basic materials company’s stock valued at $1,424,931,000 after purchasing an additional 9,198,168 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Newmont Goldcorp by 32.7% during the second quarter. Bank of New York Mellon Corp now owns 13,512,764 shares of the basic materials company’s stock valued at $519,836,000 after purchasing an additional 3,328,151 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Newmont Goldcorp by 2.6% during the first quarter. First Eagle Investment Management LLC now owns 12,020,757 shares of the basic materials company’s stock valued at $429,982,000 after purchasing an additional 299,684 shares during the last quarter. Northern Trust Corp boosted its position in Newmont Goldcorp by 36.6% during the second quarter. Northern Trust Corp now owns 11,725,037 shares of the basic materials company’s stock valued at $451,062,000 after purchasing an additional 3,143,279 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Newmont Goldcorp by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 8,229,613 shares of the basic materials company’s stock valued at $284,738,000 after purchasing an additional 60,289 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

NEM has been the subject of several recent research reports. Macquarie initiated coverage on Newmont Goldcorp in a research report on Thursday. They set a “neutral” rating for the company. Royal Bank of Canada raised Newmont Goldcorp from an “underperform” rating to a “sector perform” rating and set a $45.00 price target for the company in a research report on Monday, September 9th. BMO Capital Markets raised Newmont Goldcorp from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $45.00 to $50.00 in a research report on Wednesday. Barclays reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Newmont Goldcorp in a research report on Sunday, August 4th. Finally, Citigroup raised their price objective on Newmont Goldcorp from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Newmont Goldcorp presently has an average rating of “Buy” and an average price target of $43.56.

NEM opened at $38.62 on Friday. Newmont Goldcorp Corp has a 12-month low of $29.06 and a 12-month high of $41.23. The stock has a market cap of $31.66 billion, a price-to-earnings ratio of 28.61 and a beta of -0.03. The business has a 50 day moving average of $38.67 and a 200-day moving average of $35.74. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 0.30.

Newmont Goldcorp (NYSE:NEM) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). Newmont Goldcorp had a negative net margin of 1.03% and a positive return on equity of 4.79%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The business’s quarterly revenue was up 35.8% on a year-over-year basis. As a group, analysts expect that Newmont Goldcorp Corp will post 1.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.45%. Newmont Goldcorp’s payout ratio is 41.48%.

In related news, EVP William N. Macgowan sold 3,000 shares of Newmont Goldcorp stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $37.63, for a total transaction of $112,890.00. Following the completion of the sale, the executive vice president now directly owns 206,351 shares of the company’s stock, valued at approximately $7,764,988.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Thomas Ronald Palmer sold 16,000 shares of Newmont Goldcorp stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $35.89, for a total value of $574,240.00. Following the sale, the president now directly owns 256,823 shares of the company’s stock, valued at $9,217,377.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,415 shares of company stock valued at $3,548,425. Insiders own 0.44% of the company’s stock.

Newmont Goldcorp Company Profile

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of December 31, 2018, the company had proven and probable gold reserves of 65.4 million ounces and an aggregate land position of approximately 24,000 square miles.

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Institutional Ownership by Quarter for Newmont Goldcorp (NYSE:NEM)

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BlackRock Inc. Acquires 560814 Shares of Baxter International Inc (NYSE:BAX)

BlackRock Inc. grew its holdings in Baxter International Inc (NYSE:BAX) by 1.4% during the 2nd quarter, according to the company in its most recent …

Baxter International logoBlackRock Inc. grew its holdings in Baxter International Inc (NYSE:BAX) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,589,288 shares of the medical instruments supplier’s stock after purchasing an additional 560,814 shares during the period. BlackRock Inc. owned approximately 7.95% of Baxter International worth $3,324,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BAX. SeaCrest Wealth Management LLC grew its position in Baxter International by 2.0% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,117 shares of the medical instruments supplier’s stock worth $501,000 after acquiring an additional 122 shares during the last quarter. Baker Ellis Asset Management LLC grew its position in Baxter International by 8.3% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 1,625 shares of the medical instruments supplier’s stock worth $133,000 after acquiring an additional 125 shares during the last quarter. Boston Private Wealth LLC grew its position in Baxter International by 1.8% during the 2nd quarter. Boston Private Wealth LLC now owns 7,346 shares of the medical instruments supplier’s stock worth $602,000 after acquiring an additional 129 shares during the last quarter. Brookstone Capital Management grew its position in Baxter International by 4.0% during the 2nd quarter. Brookstone Capital Management now owns 3,422 shares of the medical instruments supplier’s stock worth $280,000 after acquiring an additional 131 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Baxter International by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 4,409 shares of the medical instruments supplier’s stock worth $360,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

BAX has been the topic of a number of research reports. Zacks Investment Research upgraded Baxter International from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Friday, June 21st. KeyCorp began coverage on Baxter International in a research report on Tuesday, June 25th. They set a “sector weight” rating on the stock. Wells Fargo & Co set a $95.00 price target on Baxter International and gave the company a “buy” rating in a research report on Friday, July 26th. Raymond James upped their price target on Baxter International from $84.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Baxter International in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $85.27.

NYSE BAX opened at $86.93 on Friday. The business’s 50-day moving average price is $86.38 and its two-hundred day moving average price is $80.16. Baxter International Inc has a 12 month low of $61.05 and a 12 month high of $89.93. The firm has a market capitalization of $44.71 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.00. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 0.72.

Baxter International (NYSE:BAX) last released its quarterly earnings results on Thursday, July 25th. The medical instruments supplier reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.08. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.80 billion. Baxter International had a return on equity of 21.21% and a net margin of 14.28%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. As a group, analysts forecast that Baxter International Inc will post 3.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, August 29th. Baxter International’s dividend payout ratio is 28.85%.

In other news, Director James R. Gavin III sold 7,950 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $87.63, for a total value of $696,658.50. Following the transaction, the director now directly owns 40,932 shares of the company’s stock, valued at approximately $3,586,871.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jacqueline Kunzler sold 5,934 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $88.12, for a total value of $522,904.08. Following the completion of the transaction, the senior vice president now directly owns 3,089 shares in the company, valued at $272,202.68. The disclosure for this sale can be found here. Insiders sold a total of 14,477 shares of company stock worth $1,267,275 over the last three months. 0.70% of the stock is owned by company insiders.

About Baxter International

Baxter International Inc, through its subsidiaries, develops and provides a portfolio of healthcare products. The company operates through North and South America; Europe, Middle East and Africa; and Asia-Pacific segments. The company 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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Institutional Ownership by Quarter for Baxter International (NYSE:BAX)

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