HB Wealth Management LLC Has $376,000 Position in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

HB Wealth Management LLC increased its stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,861 shares of the company’s stock after purchasing an additional 357 shares during the quarter. HB Wealth Management LLC’s holdings in GE HealthCare Technologies were worth $376,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Barclays PLC acquired a new stake in GE HealthCare Technologies in the second quarter valued at approximately $92,462,000. Bessemer Group Inc. acquired a new stake in GE HealthCare Technologies in the second quarter valued at approximately $488,000. Penserra Capital Management LLC acquired a new stake in GE HealthCare Technologies in the second quarter valued at approximately $190,000. JPMorgan Chase & Co. acquired a new stake in shares of GE HealthCare Technologies in the second quarter worth $58,638,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of GE HealthCare Technologies in the second quarter worth $835,000. 82.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of GE HealthCare Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their price target on shares of GE HealthCare Technologies from $74.00 to $86.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. HSBC began coverage on shares of GE HealthCare Technologies in a report on Thursday, February 15th. They issued a “buy” rating and a $100.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of GE HealthCare Technologies in a report on Thursday, November 30th. They issued a “hold” rating and a $80.00 price target on the stock. Finally, UBS Group upgraded shares of GE HealthCare Technologies from a “sell” rating to a “neutral” rating and boosted their target price for the company from $66.00 to $88.00 in a research note on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, GE HealthCare Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.73.

GE HealthCare Technologies Stock Up 1.4 %

GEHC stock opened at $90.31 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 1.05. The company has a market capitalization of $41.12 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 3.07 and a beta of 0.97. GE HealthCare Technologies Inc. has a fifty-two week low of $62.35 and a fifty-two week high of $94.50. The stock has a fifty day moving average of $84.70 and a 200-day moving average of $75.39.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its earnings results on Tuesday, February 6th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.09 billion. GE HealthCare Technologies had a return on equity of 25.58% and a net margin of 8.02%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 EPS. As a group, equities research analysts predict that GE HealthCare Technologies Inc. will post 4.3 earnings per share for the current year.

GE HealthCare Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.13%. GE HealthCare Technologies’s dividend payout ratio (DPR) is presently 3.97%.

GE HealthCare Technologies Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.