Tower Bridge Advisors Has Cut Baxter International (BAX) Position By $6.90 Million; Cigna (CI)’s Sentiment Is 0.91

March 14, 2018 - By Ellis Scott

Tower Bridge Advisors decreased Baxter International (BAX) stake by 0.76% reported in 2017Q3 SEC filing. Tower Bridge Advisors sold 110 shares as Baxter International (BAX)’s stock rose 15.04%. The Tower Bridge Advisors holds 14,342 shares with $899.96M value, down from 14,452 last quarter. Baxter International now has $36.54B valuation. The stock decreased 0.65% or $0.44 during the last trading session, reaching $67.65. About 613,980 shares traded. Baxter International Inc. (NYSE:BAX) has risen 32.55% since March 14, 2017 and is uptrending. It has outperformed by 15.85% the S&P500.

Cigna Corporation, a health services organization, provides insurance and related services and products in the United States and internationally. The company has market cap of $40.36 billion. It operates through Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations divisions. It has a 18.95 P/E ratio. The Global Health Care segment offers medical, dental, behavioral health, vision, and prescription drug benefit plans, as well as health advocacy programs, and other services and products to insured and self-insured customers.

Among 20 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Baxter International had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 11. As per Wednesday, February 3, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Piper Jaffray to “Overweight” on Thursday, April 14. The stock has “Buy” rating by BMO Capital Markets on Thursday, August 31. BMO Capital Markets maintained it with “Buy” rating and $70.0 target in Monday, November 13 report. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 27. The firm has “Hold” rating by Citigroup given on Thursday, August 17. The stock of Baxter International Inc. (NYSE:BAX) earned “Overweight” rating by Piper Jaffray on Monday, November 16. The firm has “Overweight” rating by Barclays Capital given on Friday, February 2. RBC Capital Markets maintained Baxter International Inc. (NYSE:BAX) on Monday, July 10 with “Hold” rating.

Tower Bridge Advisors increased Wec Energy Group Inc stake by 200 shares to 4,700 valued at $295.07 million in 2017Q3. It also upped Pioneer Natural Res C (NYSE:PXD) stake by 3,255 shares and now owns 6,825 shares. Halliburton Co. (NYSE:HAL) was raised too.

Since March 2, 2018, it had 0 insider buys, and 1 sale for $329,590 activity. Shapazian Carole J sold $329,590 worth of stock or 4,990 shares.

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on April, 25. They expect $0.62 earnings per share, up 6.90% or $0.04 from last year’s $0.58 per share. BAX’s profit will be $334.88 million for 27.28 P/E if the $0.62 EPS becomes a reality. After $0.64 actual earnings per share reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

Investors sentiment is 0.97 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 38 investors sold BAX shares while 300 reduced holdings. only 76 funds opened positions while 253 raised stakes. 439.80 million shares or 0.96% less from 444.08 million shares in 2017Q2 were reported. Wealthtrust invested 0.01% of its portfolio in Baxter International Inc. (NYSE:BAX). Hugh Johnson Advsr Ltd Limited Liability Company reported 8,794 shares. Dimensional Fund Advsr LP stated it has 1.35 million shares. Moreover, Tower Bridge Advsr has 0.1% invested in Baxter International Inc. (NYSE:BAX). Reynders Mcveigh Management Ltd Liability Corp holds 6,712 shares. Employees Retirement Of Texas invested in 90,000 shares or 0.07% of the stock. Goldman Sachs Grp Inc holds 6.07 million shares or 0.09% of its portfolio. 7,300 were reported by Capital Mngmt Assocs. Sigma Planning Corp holds 0.05% of its portfolio in Baxter International Inc. (NYSE:BAX) for 9,146 shares. Deutsche Financial Bank Ag invested in 0.04% or 947,976 shares. Third Point Ltd Liability Co holds 21.63% of its portfolio in Baxter International Inc. (NYSE:BAX) for 41.00M shares. Barrington Strategic Wealth Mngmt Lc stated it has 13,428 shares or 0.43% of all its holdings. Credit Suisse Ag accumulated 1.13 million shares. Gamco Et Al holds 0.05% in Baxter International Inc. (NYSE:BAX) or 119,300 shares. John G Ullman And Incorporated holds 1.21% or 99,008 shares.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on May, 4. They expect $3.38 EPS, up 22.02% or $0.61 from last year’s $2.77 per share. CI’s profit will be $820.93 million for 12.29 P/E if the $3.38 EPS becomes a reality. After $1.94 actual EPS reported by Cigna Corporation for the previous quarter, Wall Street now forecasts 74.23% EPS growth.

Since January 1, 0001, it had 0 insider buys, and 9 sales for $17.26 million activity.

Healthinvest Partners Ab holds 7.68% of its portfolio in Cigna Corporation for 35,200 shares. Cumberland Partners Ltd owns 212,735 shares or 5.36% of their US portfolio. Moreover, Oskie Capital Management Llc has 4.3% invested in the company for 20,206 shares. The New York-based Alleghany Corp De has invested 3.73% in the stock. Sanders Capital Llc, a New York-based fund reported 2.96 million shares.

Ratings analysis reveals 100% of CIGNA’s analysts are positive. Out of 2 Wall Street analysts rating CIGNA, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. CI was included in 2 notes of analysts from January 4, 2017. Piper Jaffray initiated the shares of CI in report on Wednesday, January 4 with “Overweight” rating. Deutsche Bank initiated Cigna Corporation (NYSE:CI) on Wednesday, April 5 with “Buy” rating.

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