Wealth Enhancement Advisory Services LLC reduced its stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report) by 45.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,451 shares of the company’s stock after selling 25,237 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in GE HealthCare Technologies were worth $2,858,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new position in GE HealthCare Technologies during the first quarter worth about $25,000. BNP Paribas acquired a new stake in shares of GE HealthCare Technologies in the 1st quarter worth approximately $30,000. Fred Alger Management LLC purchased a new position in GE HealthCare Technologies in the 2nd quarter valued at approximately $26,000. M&R Capital Management Inc. acquired a new position in GE HealthCare Technologies during the third quarter worth $33,000. Finally, Elkhorn Partners Limited Partnership purchased a new stake in GE HealthCare Technologies during the second quarter worth $31,000. 82.06% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, CEO Thomas J. Westrick sold 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $80.78, for a total value of $222,145.00. Following the transaction, the chief executive officer now owns 17,509 shares in the company, valued at approximately $1,414,377.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on GE HealthCare Technologies
GE HealthCare Technologies Stock Performance
GE HealthCare Technologies stock opened at $86.95 on Friday. The stock has a fifty day moving average price of $88.61 and a 200 day moving average price of $83.45. GE HealthCare Technologies Inc. has a 52 week low of $66.39 and a 52 week high of $94.55. The firm has a market capitalization of $39.71 billion, a P/E ratio of 23.89, a PEG ratio of 3.26 and a beta of 1.18. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 1.12.
GE HealthCare Technologies (NASDAQ:GEHC – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.08. GE HealthCare Technologies had a net margin of 8.56% and a return on equity of 25.19%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that GE HealthCare Technologies Inc. will post 4.26 earnings per share for the current year.
GE HealthCare Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Friday, October 18th. GE HealthCare Technologies’s payout ratio is currently 3.30%.
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.
See Also
- Five stocks we like better than GE HealthCare Technologies
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Meta’s Q3 Earnings Beat—Is This Dip a Golden Entry Opportunity?
- The How and Why of Investing in Gold Stocks
- Top Nuclear Stocks Thriving on Soaring Energy Demand
Receive News & Ratings for GE HealthCare Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE HealthCare Technologies and related companies with MarketBeat.com's FREE daily email newsletter.