AE Wealth Management LLC Cuts Holdings in GE HealthCare Technologies Inc. $GEHC

AE Wealth Management LLC lowered its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,663 shares of the company’s stock after selling 1,097 shares during the period. AE Wealth Management LLC’s holdings in GE HealthCare Technologies were worth $1,160,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in GE HealthCare Technologies in the 1st quarter worth about $25,000. Bogart Wealth LLC increased its position in shares of GE HealthCare Technologies by 260.0% in the first quarter. Bogart Wealth LLC now owns 342 shares of the company’s stock valued at $28,000 after buying an additional 247 shares in the last quarter. Gladwyn Financial Advisors Inc. acquired a new position in shares of GE HealthCare Technologies during the 2nd quarter worth approximately $34,000. Game Plan Financial Advisors LLC lifted its position in shares of GE HealthCare Technologies by 295.3% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 502 shares of the company’s stock valued at $37,000 after buying an additional 375 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in shares of GE HealthCare Technologies during the 1st quarter valued at approximately $42,000. 82.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GEHC has been the subject of several recent analyst reports. Wall Street Zen lowered shares of GE HealthCare Technologies from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. Evercore ISI lifted their target price on shares of GE HealthCare Technologies from $88.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. BTIG Research set a $87.00 target price on shares of GE HealthCare Technologies in a research note on Wednesday, October 29th. Citigroup lowered shares of GE HealthCare Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $93.00 to $83.00 in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of GE HealthCare Technologies in a report on Tuesday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.10.

GE HealthCare Technologies Trading Up 2.1%

GEHC opened at $74.98 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.18 and a quick ratio of 0.95. The company’s 50 day simple moving average is $75.20 and its two-hundred day simple moving average is $73.65. The firm has a market capitalization of $34.15 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 2.76 and a beta of 1.13. GE HealthCare Technologies Inc. has a 1-year low of $57.65 and a 1-year high of $94.80.

GE HealthCare Technologies (NASDAQ:GEHC) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.07 billion. GE HealthCare Technologies had a return on equity of 22.52% and a net margin of 10.94%.The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. GE HealthCare Technologies has set its FY 2025 guidance at 4.510-4.630 EPS. Analysts expect that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.2%. GE HealthCare Technologies’s payout ratio is currently 2.89%.

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.