GE HealthCare Technologies Inc. (NASDAQ:GEHC) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 845,697 shares of the company’s stock after purchasing an additional 11,746 shares during the period. California Public Employees Retirement System owned about 0.19% of GE HealthCare Technologies worth $65,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. First Command Advisory Services Inc. lifted its stake in shares of GE HealthCare Technologies by 36,900.0% in the third 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. Legacy Financial Group LLC purchased a new position in GE HealthCare Technologies in the 3rd quarter worth approximately $26,000. OFI Invest Asset Management acquired a new position in shares of GE HealthCare Technologies during the 3rd quarter worth approximately $26,000. ORG Partners LLC grew its position in shares of 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 in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of GE HealthCare Technologies in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 82.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. HSBC assumed coverage on GE HealthCare Technologies in a report on Thursday, February 15th. They issued a “buy” rating and a $100.00 target price for the company. Argus raised their price objective on shares of GE HealthCare Technologies from $80.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Morgan Stanley increased their price target on shares of 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. Mizuho upped their price objective on GE HealthCare Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Evercore ISI upped their price target on GE HealthCare Technologies from $93.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, GE HealthCare Technologies has an average rating of “Moderate Buy” and a consensus target price of $95.09.

GE HealthCare Technologies Trading Down 0.9 %

Shares of GEHC stock opened at $85.95 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 0.83. The firm has a market cap of $39.22 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 3.02 and a beta of 0.94. The company has a 50-day moving average of $88.91 and a two-hundred day moving average of $78.32. GE HealthCare Technologies Inc. has a 1-year low of $62.35 and a 1-year high of $94.50.

GE HealthCare Technologies (NASDAQ:GEHC) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.18 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same quarter last year, the firm posted $1.31 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts predict that GE HealthCare Technologies Inc. will post 4.3 EPS for the current year.

GE HealthCare Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.12 annualized dividend and a yield of 0.14%. GE HealthCare Technologies’s dividend payout ratio (DPR) is 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.