Mutual of America Capital Management LLC Has $4.06 Million Stock Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Mutual of America Capital Management LLC reduced its position in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,505 shares of the company’s stock after selling 2,351 shares during the period. Mutual of America Capital Management LLC’s holdings in GE HealthCare Technologies were worth $4,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEHC. First Command Advisory Services Inc. raised its holdings in shares of GE HealthCare Technologies by 36,900.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 370 shares of the company’s stock worth $25,000 after buying an additional 369 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in GE HealthCare Technologies during the second quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of GE HealthCare Technologies in the third quarter worth about $26,000. Legacy Financial Group LLC acquired a new stake in shares of GE HealthCare Technologies in the 3rd quarter valued at approximately $26,000. Finally, OFI Invest Asset Management bought a new stake in shares of GE HealthCare Technologies during the 3rd quarter valued at approximately $26,000. 82.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GEHC. Citigroup increased their price objective on shares of GE HealthCare Technologies from $88.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Morgan Stanley increased their price target on GE HealthCare Technologies from $74.00 to $86.00 and gave the company an “equal weight” rating in a research note on Monday, February 12th. Evercore ISI boosted their price objective on GE HealthCare Technologies from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. UBS Group upgraded GE HealthCare Technologies from a “sell” rating to a “neutral” rating and increased their target price for the company from $66.00 to $88.00 in a research report on Monday, February 12th. Finally, HSBC started coverage on GE HealthCare Technologies in a research note on Thursday, February 15th. They set a “buy” rating and a $100.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.08.

GE HealthCare Technologies Stock Performance

Shares of GEHC stock opened at $85.88 on Wednesday. The stock has a market capitalization of $39.19 billion, a PE ratio of 28.44, a PEG ratio of 3.00 and a beta of 0.95. The business’s 50 day simple moving average is $88.55 and its 200 day simple moving average is $77.60. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 0.83. GE HealthCare Technologies Inc. has a one year low of $62.35 and a one year high of $94.50.

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

GE HealthCare Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued 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 yield of 0.14%. GE HealthCare Technologies’s payout ratio is currently 3.97%.

About GE HealthCare Technologies

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.