Navellier & Associates Increased Baxter International (BAX) Stake, Iberiabank Has Boosted By $673,790 Its Cardinal Health (CAH) Position

July 17, 2017 - By Marguerite Chambers

Navellier & Associates Inc increased Baxter International Inc. (BAX) stake by 891.24% reported in 2016Q4 SEC filing. Navellier & Associates Inc acquired 96,254 shares as Baxter International Inc. (BAX)’s stock rose 15.04%. The Navellier & Associates Inc holds 107,054 shares with $4.75M value, up from 10,800 last quarter. Baxter International Inc. now has $34.35 billion valuation. The stock rose 0.40% or $0.25 reaching $62.36 per share. About 2.00M shares traded. Baxter International Inc (NYSE:BAX) has risen 32.55% since July 17, 2016 and is uptrending. It has outperformed by 15.85% the S&P500.

Iberiabank Corp increased Cardinal Health Inc (CAH) stake by 41.86% reported in 2016Q4 SEC filing. Iberiabank Corp acquired 9,490 shares as Cardinal Health Inc (CAH)’s stock declined 8.93%. The Iberiabank Corp holds 32,160 shares with $2.32 million value, up from 22,670 last quarter. Cardinal Health Inc now has $24.85B valuation. It is 0.00% or $0 reaching $78.11 per share. It is down 4.95% since July 17, 2016 and is downtrending. It has underperformed by 21.65% the S&P500.

Since February 6, 2017, it had 0 insider purchases, and 9 selling transactions for $9.31 million activity. Shares for $213,187 were sold by HELLMAN PETER S. On Friday, May 5 the insider STALLKAMP THOMAS T sold $596,490. Shapazian Carole J also sold $206,424 worth of Baxter International Inc (NYSE:BAX) on Monday, February 6. Shares for $7.28 million were sold by Eyre Brik V. $221,362 worth of Baxter International Inc (NYSE:BAX) was sold by GAVIN JAMES R III. STROUCKEN ALBERT P L also sold $225,984 worth of Baxter International Inc (NYSE:BAX) on Monday, April 10. $206,938 worth of stock was sold by FORSYTH JOHN D on Wednesday, February 8.

Investors sentiment increased to 0.87 in Q4 2016. Its up 0.04, from 0.83 in 2016Q3. It improved, as 75 investors sold BAX shares while 307 reduced holdings. 72 funds opened positions while 262 raised stakes. 440.21 million shares or 0.42% more from 438.38 million shares in 2016Q3 were reported. Dynamic Solutions Limited Liability Company reported 9,305 shares or 0.16% of all its holdings. Brandywine Inv Mngmt Ltd Llc has 242,059 shares. Of Vermont owns 3,020 shares or 0.02% of their US portfolio. Moreover, Hermes Inv Mngmt Ltd has 0.01% invested in Baxter International Inc (NYSE:BAX) for 19,130 shares. Independent Investors Inc reported 35,900 shares stake. Moreover, Guardian Advisors LP has 0.63% invested in Baxter International Inc (NYSE:BAX). Davidson Inv reported 0.79% stake. Blackrock Ltd Liability Corporation invested in 0.38% or 8.36 million shares. Cadence Cap Mgmt Limited Liability Corp, Massachusetts-based fund reported 11,839 shares. Thompson Davis Commerce reported 0.15% stake. Hennessy Advisors has 0.06% invested in Baxter International Inc (NYSE:BAX). Clinton Grp Inc Inc holds 0.22% or 86,425 shares. Daiwa Secs Group invested 0.05% of its portfolio in Baxter International Inc (NYSE:BAX). Bkd Wealth Advsr Limited Liability Company invested in 29,277 shares or 0.17% of the stock. Davenport Co Ltd Liability Company owns 9,000 shares.

Navellier & Associates Inc decreased Edwards Lifesciences Corp. (NYSE:EW) stake by 53,912 shares to 45,194 valued at $4.24 million in 2016Q4. It also reduced Lockheed Martin Corp. (NYSE:LMT) stake by 15,677 shares and now owns 46,837 shares. Ormat Technologies Inc. (NYSE:ORA) was reduced too.

Among 14 analysts covering Baxter International (NYSE:BAX), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Baxter International had 28 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Piper Jaffray given on Thursday, April 14. The stock of Baxter International Inc (NYSE:BAX) earned “Outperform” rating by BMO Capital Markets on Tuesday, July 11. The rating was reinitiated by JP Morgan with “Neutral” on Monday, June 6. The rating was initiated by Cantor Fitzgerald on Friday, June 30 with “Overweight”. The stock has “Overweight” rating by Piper Jaffray on Monday, November 16. On Thursday, July 30 the stock rating was downgraded by Leerink Swann to “Market Perform”. On Wednesday, October 28 the stock rating was maintained by Leerink Swann with “Market Perform”. On Tuesday, August 11 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Outperform” rating given on Tuesday, April 4 by Leerink Swann. Credit Suisse maintained the shares of BAX in report on Monday, April 25 with “Neutral” rating.

Since February 10, 2017, it had 0 insider purchases, and 2 selling transactions for $18.53 million activity. Another trade for 217,994 shares valued at $16.84 million was sold by Barrett George S. Giacomin Jon L also sold $1.70 million worth of Cardinal Health Inc (NYSE:CAH) shares.

Iberiabank Corp decreased Vaneck Vectors Trust Gold Miners Etf stake by 47,298 shares to 13,119 valued at $274,000 in 2016Q4. It also reduced Ishares Comex Gold Trust (IAU) stake by 77,500 shares and now owns 226,369 shares. Kraft Heinz Company was reduced too.

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