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As Baxter International (BAX) Share Value Rose, Shareholder Financial Advisory Group Has Trimmed Its Position by $636,544; Enbridge (ENB) Market Value Declined While Jones Collombin Investment Counsel Decreased Its Position

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Financial Advisory Group decreased its stake in Baxter International Inc (BAX) by 63.59% based on its latest 2017Q4 regulatory filing with the SEC. Financial Advisory Group sold 9,946 shares as the company’s stock rose 0.23% while stock markets declined. The institutional investor held 5,694 shares of the medical and dental instruments company at the end of 2017Q4, valued at $368,000, down from 15,640 at the end of the previous reported quarter. Financial Advisory Group who had been investing in Baxter International Inc for a number of months, seems to be less bullish one the $38.02 billion market cap company. The stock increased 0.78% or $0.55 during the last trading session, reaching $71. About 1.30 million shares traded. Baxter International Inc. (NYSE:BAX) has risen 25.16% since May 16, 2017 and is uptrending. It has outperformed by 13.61% the S&P500.

Jones Collombin Investment Counsel Inc decreased its stake in Enbridge Inc (ENB) by 16.58% based on its latest 2017Q4 regulatory filing with the SEC. Jones Collombin Investment Counsel Inc sold 10,361 shares as the company’s stock declined 21.20% with the market. The institutional investor held 52,125 shares of the natural gas distribution company at the end of 2017Q4, valued at $2.04 million, down from 62,486 at the end of the previous reported quarter. Jones Collombin Investment Counsel Inc who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $55.46 billion market cap company. The stock decreased 1.04% or $0.345 during the last trading session, reaching $32.725. About 1.92 million shares traded. Enbridge Inc. (NYSE:ENB) has declined 26.13% since May 16, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on August, 2. They expect $0.38 EPS, up 26.67% or $0.08 from last year’s $0.3 per share. ENB’s profit will be $644.02M for 21.53 P/E if the $0.38 EPS becomes a reality. After $0.82 actual EPS reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts -53.66% negative EPS growth.

More important recent Enbridge Inc. (NYSE:ENB) news were published by: Seekingalpha.com which released: “Enbridge Q1 2018 Earnings Results Analysis” on May 16, 2018, also Seekingalpha.com published article titled: “Enbridge fined $1.8M over pipeline inspection deadlines”, Seekingalpha.com published: “Enbridge considering additional asset sales, CEO Monaco says” on May 10, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) was released by: Seekingalpha.com and their article: “Enbridge’s Q1: Excellent Improvement On Multiple Fronts” with publication date: May 11, 2018.

Among 16 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 10 Hold. Therefore 38% are positive. Enbridge Inc. had 25 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, May 15 by Wolfe Research. Morgan Stanley maintained the shares of ENB in report on Friday, November 17 with “Equal-Weight” rating. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 14. On Tuesday, December 15 the stock rating was initiated by JP Morgan with “Overweight”. The rating was reinitiated by BMO Capital Markets with “Outperform” on Wednesday, March 2. On Friday, October 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Market Perform” rating on Monday, April 3 by Wells Fargo. The firm has “Neutral” rating by Credit Suisse given on Tuesday, March 8. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, February 4. The firm has “Buy” rating by Canaccord Genuity given on Monday, March 7.

Jones Collombin Investment Counsel Inc, which manages about $304.23M US Long portfolio, upped its stake in Manulife Finl Corp (NYSE:MFC) by 35,500 shares to 698,209 shares, valued at $14.56M in 2017Q4, according to the filing. It also increased its holding in Magna Intl Inc (NYSE:MGA) by 22,290 shares in the quarter, for a total of 156,000 shares, and has risen its stake in Thomson Reuters Corp (NYSE:TRI).

Financial Advisory Group, which manages about $334.54M US Long portfolio, upped its stake in Claymore Exchange Trd Fd Tr (GSY) by 420,633 shares to 424,849 shares, valued at $21.30 million in 2017Q4, according to the filing. It also increased its holding in Berkshire Hathaway Inc Del (BRKB) by 1,706 shares in the quarter, for a total of 7,400 shares, and has risen its stake in Dbx Etf Tr (DBEF).

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on July, 25. They expect $0.71 EPS, up 12.70% or $0.08 from last year’s $0.63 per share. BAX’s profit will be $380.20M for 25.00 P/E if the $0.71 EPS becomes a reality. After $0.70 actual EPS reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts 1.43% EPS growth.

Investors sentiment is 0.97 in 2017 Q4. Its the same as in 2017Q3. It is flat, as 32 investors sold BAX shares while 311 reduced holdings. only 81 funds opened positions while 250 raised stakes. 441.20 million shares or 0.32% more from 439.80 million shares in 2017Q3 were reported. Lord Abbett & Communication Ltd Liability holds 0.16% or 887,451 shares in its portfolio. 50 are owned by Baldwin Brothers Inc Ma. State Street has invested 0.13% in Baxter International Inc. (NYSE:BAX). Jacobs Co Ca holds 0.51% of its portfolio in Baxter International Inc. (NYSE:BAX) for 43,861 shares. Tudor Invest Et Al accumulated 10,439 shares. The New Jersey-based Dumont And Blake Ltd has invested 0.32% in Baxter International Inc. (NYSE:BAX). Nomura Asset Mgmt Ltd holds 0.14% or 182,628 shares. Benjamin F Edwards & reported 0.02% stake. Connors Investor invested in 0.04% or 4,192 shares. Sivik Global Ltd Llc holds 100,000 shares or 2.4% of its portfolio. Madison Inv Inc holds 456,705 shares or 0.5% of its portfolio. Federated Investors Pa reported 910,603 shares. Hsbc Holdings Plc owns 1.15M shares. Cipher LP has invested 0.72% in Baxter International Inc. (NYSE:BAX). Carlson Capital Limited Partnership has invested 0.73% in Baxter International Inc. (NYSE:BAX).

Among 21 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Baxter International had 59 analyst reports since July 30, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Friday, April 28 report. The rating was reinitiated by Credit Suisse on Monday, August 10 with “Neutral”. UBS initiated Baxter International Inc. (NYSE:BAX) on Tuesday, September 22 with “Neutral” rating. On Wednesday, October 11 the stock rating was maintained by BMO Capital Markets with “Buy”. As per Monday, February 5, the company rating was maintained by Stifel Nicolaus. Citigroup initiated Baxter International Inc. (NYSE:BAX) rating on Thursday, August 17. Citigroup has “Hold” rating and $63.0 target. The rating was upgraded by Piper Jaffray on Thursday, April 14 to “Overweight”. On Tuesday, December 12 the stock rating was maintained by BMO Capital Markets with “Buy”. The rating was maintained by Credit Suisse on Monday, April 25 with “Neutral”. The firm earned “Equal-Weight” rating on Tuesday, July 25 by Morgan Stanley.

More recent Baxter International Inc. (NYSE:BAX) news were published by: Streetinsider.com which released: “Baxter (BAX) Announces US FDA Clearance of New Spectrum IQ Infusion System” on May 14, 2018. Also Streetinsider.com published the news titled: “Starboard’s 13F Shows New Stake in Newell Rubbermaid (NWL), Increase in Forest City (FCE-A), Macerich (MAC …” on May 15, 2018. Streetinsider.com‘s news article titled: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with publication date: May 15, 2018 was also an interesting one.

Since March 2, 2018, it had 0 insider buys, and 5 insider sales for $5.13 million activity. 4,990 shares valued at $329,590 were sold by Shapazian Carole J on Friday, March 2. HELLMAN PETER S sold $243,408 worth of stock. 3,760 shares were sold by STROUCKEN ALBERT P L, worth $243,443. The insider GAVIN JAMES R III sold 18,750 shares worth $1.21 million.

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

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