Tanglewood Legacy Advisors LLC Increases Stock Position in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Tanglewood Legacy Advisors LLC lifted its holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 59.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,342 shares of the company’s stock after buying an additional 500 shares during the quarter. Tanglewood Legacy Advisors LLC’s holdings in GE HealthCare Technologies were worth $105,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. LGT Financial Advisors LLC raised its stake in GE HealthCare Technologies by 1,673.3% during the third quarter. LGT Financial Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of GE HealthCare Technologies in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in GE HealthCare Technologies in the 3rd quarter worth about $26,000. Darwin Wealth Management LLC purchased a new stake in GE HealthCare Technologies during the 3rd quarter valued at about $31,000. Finally, Continuum Advisory LLC increased its stake in GE HealthCare Technologies by 101.8% during the 3rd quarter. Continuum Advisory LLC now owns 333 shares of the company’s stock valued at $31,000 after purchasing an additional 168 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GEHC has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of GE HealthCare Technologies from $103.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group upgraded GE HealthCare Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $95.00 to $103.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price target on GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, GE HealthCare Technologies has a consensus rating of “Moderate Buy” and an average price target of $97.67.

GE HealthCare Technologies Stock Down 1.4 %

GEHC stock opened at $92.21 on Friday. The business’s 50-day moving average is $84.03 and its two-hundred day moving average is $85.53. The company has a market cap of $42.13 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 2.93 and a beta of 1.15. GE HealthCare Technologies Inc. has a fifty-two week low of $74.51 and a fifty-two week high of $94.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.98 and a current ratio of 1.23.

GE HealthCare Technologies (NASDAQ:GEHC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.19. GE HealthCare Technologies had a net margin of 8.56% and a return on equity of 25.19%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.33 billion. As a group, analysts forecast that GE HealthCare Technologies Inc. will post 4.3 earnings per share for the current year.

GE HealthCare Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, January 14th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.15%. This is a positive change from GE HealthCare Technologies’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, January 14th. GE HealthCare Technologies’s dividend payout ratio is 3.85%.

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.