GE HealthCare Technologies Inc. (NASDAQ:GEHC) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,994 shares of the company’s stock after selling 5,997 shares during the period. Atria Wealth Solutions Inc.’s holdings in GE HealthCare Technologies were worth $2,783,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. First Command Advisory Services Inc. grew its position in shares of GE HealthCare Technologies by 36,900.0% during the third quarter. First Command Advisory Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 369 shares during the last quarter. Legacy Financial Group LLC acquired a new stake in GE HealthCare Technologies during the 3rd quarter worth $26,000. OFI Invest Asset Management purchased a new position in GE HealthCare Technologies during the 3rd quarter worth $26,000. ORG Partners LLC increased its stake in GE HealthCare Technologies by 174.2% in the third quarter. ORG Partners LLC now owns 425 shares of the company’s stock valued at $29,000 after purchasing an additional 270 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in shares of GE HealthCare Technologies in the fourth quarter valued at about $29,000. 82.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GEHC shares. UBS Group raised GE HealthCare Technologies from a “sell” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $88.00 in a report on Monday, February 12th. Citigroup boosted their target price on GE HealthCare Technologies from $88.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Evercore ISI increased their price target on GE HealthCare Technologies from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Mizuho boosted their price objective on shares of GE HealthCare Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, HSBC assumed coverage on shares of GE HealthCare Technologies in a research report on Thursday, February 15th. They set a “buy” rating and a $100.00 price objective for the company. Four 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.09.

GE HealthCare Technologies Stock Performance

Shares of GEHC opened at $86.24 on Monday. The company has a market capitalization of $39.35 billion, a PE ratio of 28.56, a P/E/G ratio of 3.00 and a beta of 0.95. GE HealthCare Technologies Inc. has a 52-week low of $62.35 and a 52-week high of $94.50. The company has a 50-day simple moving average of $88.92 and a 200-day simple moving average of $78.59. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

GE HealthCare Technologies (NASDAQ:GEHC) last announced its quarterly 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. GE HealthCare Technologies had a return on equity of 25.58% and a net margin of 8.02%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the previous year, the company earned $1.31 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts predict that GE HealthCare Technologies Inc. will post 4.3 earnings per share for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Thursday, April 18th. 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.