Kestra Private Wealth Services LLC Lowers Stock Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Kestra Private Wealth Services LLC lessened its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,737 shares of the company’s stock after selling 2,174 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in GE HealthCare Technologies were worth $1,621,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. LGT Financial Advisors LLC lifted its stake in GE HealthCare Technologies by 1,673.3% in the third quarter. LGT Financial Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in GE HealthCare Technologies during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in GE HealthCare Technologies in the third quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new position in GE HealthCare Technologies in the third quarter valued at approximately $31,000. Finally, Continuum Advisory LLC raised its stake in GE HealthCare Technologies by 101.8% during the 3rd quarter. Continuum Advisory LLC now owns 333 shares of the company’s stock worth $31,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 82.06% of the company’s stock.

GE HealthCare Technologies Trading Down 1.3 %

Shares of GEHC opened at $85.90 on Thursday. The stock has a market cap of $39.25 billion, a PE ratio of 23.60, a P/E/G ratio of 2.93 and a beta of 1.15. The stock’s 50-day moving average is $83.58 and its two-hundred day moving average is $85.39. GE HealthCare Technologies Inc. has a 12 month low of $74.51 and a 12 month high of $94.55. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.23 and a quick ratio of 0.98.

GE HealthCare Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 14th will be issued a dividend of $0.035 per share. This is a positive change from GE HealthCare Technologies’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.16%. The ex-dividend date is Tuesday, January 14th. GE HealthCare Technologies’s dividend payout ratio (DPR) is currently 3.85%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GEHC. Wells Fargo & Company boosted their price objective on GE HealthCare Technologies from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised GE HealthCare Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $103.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GE HealthCare Technologies currently has an average rating of “Moderate Buy” and an average price target of $96.77.

GE HealthCare Technologies Company 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.