Capital Investment Advisory Services LLC Sells 624 Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Capital Investment Advisory Services LLC lowered its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 19.4% in the 4th quarter, Holdings Channel reports. The fund owned 2,598 shares of the company’s stock after selling 624 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in GE HealthCare Technologies were worth $201,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. raised its position in shares of GE HealthCare Technologies by 36,900.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 369 shares in the last quarter. Legacy Financial Group LLC bought a new position in GE HealthCare Technologies during the 3rd quarter valued at approximately $26,000. OFI Invest Asset Management bought a new position in GE HealthCare Technologies during the 3rd quarter valued at approximately $26,000. ORG Partners LLC increased its position in GE HealthCare Technologies by 174.2% during the 3rd quarter. ORG Partners LLC now owns 425 shares of the company’s stock valued at $29,000 after buying an additional 270 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new position in GE HealthCare Technologies during the 4th quarter valued at approximately $29,000. Institutional investors own 82.06% of the company’s stock.

Wall Street Analyst Weigh In

GEHC has been the subject of a number of research analyst reports. Mizuho lifted their target price on GE HealthCare Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Morgan Stanley lifted their target price on GE HealthCare Technologies from $74.00 to $86.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. UBS Group raised GE HealthCare Technologies from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $88.00 in a report on Monday, February 12th. Argus lifted their target price on GE HealthCare Technologies from $80.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Evercore ISI lifted their target price on GE HealthCare Technologies from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, GE HealthCare Technologies has an average rating of “Moderate Buy” and a consensus price target of $95.09.

GE HealthCare Technologies Stock Performance

GEHC stock opened at $86.72 on Thursday. The company has a market cap of $39.57 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. GE HealthCare Technologies Inc. has a 1 year low of $62.35 and a 1 year high of $94.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 0.83. The stock’s fifty day moving average price is $88.91 and its 200-day moving average price is $78.27.

GE HealthCare Technologies (NASDAQ:GEHC) last released its earnings results on Tuesday, February 6th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.11. The company had revenue of $5.20 billion for 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%. GE HealthCare Technologies’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. On average, equities analysts forecast that GE HealthCare Technologies Inc. will post 4.3 earnings per share for the current year.

GE HealthCare Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.12 annualized dividend and a yield of 0.14%. GE HealthCare Technologies’s dividend payout ratio (DPR) is presently 3.97%.

GE HealthCare Technologies Company 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.