BlackRock Amends Baxter International Stake (SC 13G/A)
Ticker: BAX · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 10456
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in Baxter International, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating a change in its ownership of Baxter International Inc. common stock as of December 31, 2023. This filing, Amendment No. 10, updates their previous disclosures regarding their stake in the medical instruments company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Baxter's future performance.
Why It Matters
This filing shows an update to BlackRock's significant ownership in Baxter International, which can influence market perception and potentially the stock's stability.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and doesn't inherently signal high risk, but changes in ownership can sometimes precede price movements.
Analyst Insight
Investors should monitor subsequent filings from BlackRock or other major institutions for more specific details on changes in share count, as this filing only indicates an amendment without providing the new ownership percentage on the cover page.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- BAXTER INTERNATIONAL INC (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 23, 2024 (date) — the date the SC 13G/A was filed
- 071813109 (number) — the CUSIP number for Baxter International Inc. Common Stock
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G, filed by BlackRock Inc. regarding its ownership in BAXTER INTERNATIONAL INC.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive institutional investors to report changes in their beneficial ownership of a company's stock, as indicated by 'Amendment No: 10' in this filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of BAXTER INTERNATIONAL INC is 071813109, as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023, as specified in the document.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding BAXTER INTERNATIONAL INC (BAX).