This morning we watched Baxter International rise 6.6% to a price of $36.92 per share. The Large-Cap Medical Instruments & Supplies company is now trading -12.1% below its average target price of $42.0. Analysts have set target prices ranging from $30.0 to $54.0 per share for Baxter International, and have given the stock an average rating of hold.
Baxter International's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.3%. The stock's short ratio is 1.89. The company's insiders own 0.38% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 94.1%. In conclusion, we believe there is mixed market sentiment regarding Baxter International.
Institutions Invested in Baxter International
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Blackrock Inc. | 12% | 60,964,852 | $2,250,822,224 |
| 2024-03-31 | Vanguard Group Inc | 12% | 59,747,560 | $2,205,879,805 |
| 2024-06-30 | Pzena Investment Management Llc | 6% | 30,823,004 | $1,137,985,251 |
| 2024-03-31 | Dodge & Cox Inc | 5% | 27,501,895 | $1,015,369,913 |
| 2024-03-31 | State Street Corporation | 4% | 21,341,504 | $787,928,288 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 3% | 16,675,915 | $615,674,751 |
| 2024-03-31 | Ameriprise Financial, Inc. | 3% | 15,218,422 | $561,864,112 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 11,607,134 | $428,535,366 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 11,455,910 | $422,952,176 |
| 2024-03-31 | Harris Associates L.P. | 2% | 9,972,284 | $368,176,707 |
