Tidal Investments LLC raised its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report) by 12.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,995 shares of the company’s stock after buying an additional 9,759 shares during the period. Tidal Investments LLC’s holdings in GE HealthCare Technologies were worth $5,569,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of GEHC. NBH Bank bought a new position in GE HealthCare Technologies during the 2nd quarter worth approximately $26,000. Godfrey Financial Associates Inc. purchased a new stake in shares of GE HealthCare Technologies during the fourth quarter valued at approximately $27,000. Transamerica Financial Advisors LLC grew its holdings in shares of GE HealthCare Technologies by 331.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 341 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of GE HealthCare Technologies by 60.4% in the first quarter. Physician Wealth Advisors Inc. now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 163 shares during the last quarter. Finally, MV Capital Management Inc. purchased a new position in shares of GE HealthCare Technologies in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 82.06% of the company’s stock.
GE HealthCare Technologies Stock Performance
Shares of GEHC stock opened at $63.93 on Monday. The stock has a fifty day moving average of $68.37 and a 200 day moving average of $68.32. GE HealthCare Technologies Inc. has a 52 week low of $58.75 and a 52 week high of $89.77. The firm has a market capitalization of $28.88 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.69 and a beta of 0.70. The company has a quick ratio of 0.97, a current ratio of 1.26 and a debt-to-equity ratio of 0.92.
GE HealthCare Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a dividend of $0.035 per share. The ex-dividend date was Friday, July 24th. This represents a $0.14 annualized dividend and a dividend yield of 0.2%. GE HealthCare Technologies’s payout ratio is currently 3.21%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of GE HealthCare Technologies in a report on Wednesday, August 12th. Hovde Group started coverage on shares of GE HealthCare Technologies in a research report on Friday, July 17th. They issued a “market perform” rating and a $14.00 price objective on the stock. Royal Bank Of Canada started coverage on shares of GE HealthCare Technologies in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $80.00 price objective on the stock. BTIG Research reaffirmed a “buy” rating and set a $79.00 price objective on shares of GE HealthCare Technologies in a research note on Wednesday, August 19th. Finally, UBS Group increased their target price on shares of GE HealthCare Technologies from $67.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.73.
Read Our Latest Report on GE HealthCare Technologies
About GE HealthCare Technologies
GE HealthCare Technologies Inc is a global medical technology, pharmaceutical diagnostics and digital solutions company headquartered in Chicago, Illinois. The company provides products and services designed to support healthcare providers across diagnostic imaging, clinical care and treatment planning.
Its portfolio includes imaging systems such as magnetic resonance imaging, computed tomography, molecular imaging, X-ray and surgical imaging equipment. GE HealthCare also offers ultrasound systems, patient monitoring and care solutions, anesthesia delivery and respiratory care products, maternal and infant care technologies, and healthcare information technology.
The company’s Pharmaceutical Diagnostics business develops and supplies contrast media and radiopharmaceuticals used to enhance medical imaging and support the detection and monitoring of disease.
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