GE HealthCare Technologies Inc. (NASDAQ:GEHC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its position in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 58,000 shares of the company’s stock after selling 2,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in GE HealthCare Technologies were worth $4,534,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. LGT Financial Advisors LLC grew its stake in GE HealthCare Technologies by 1,673.3% in the 3rd 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 period. Capital Performance Advisors LLP acquired a new stake in shares of GE HealthCare Technologies during the third quarter worth $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of GE HealthCare Technologies in the third quarter valued at $26,000. Darwin Wealth Management LLC purchased a new stake in shares of GE HealthCare Technologies in the third quarter valued at $31,000. Finally, Continuum Advisory LLC increased its stake in GE HealthCare Technologies by 101.8% in the third quarter. Continuum Advisory LLC now owns 333 shares of the company’s stock valued at $31,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 82.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GEHC. Wells Fargo & Company lifted their price target on GE HealthCare Technologies from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Jefferies Financial Group upgraded shares of GE HealthCare Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $95.00 to $103.00 in a report on Wednesday, January 8th. One investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.77.

GE HealthCare Technologies Stock Performance

NASDAQ:GEHC opened at $85.90 on Thursday. The firm’s fifty day simple moving average is $83.58 and its 200 day simple moving average is $85.39. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 1.12. GE HealthCare Technologies Inc. has a twelve month low of $74.51 and a twelve month high of $94.55. The firm has a market capitalization of $39.25 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.93 and a beta of 1.15.

GE HealthCare Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 14th will be given a $0.035 dividend. This is an increase from GE HealthCare Technologies’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, January 14th. This represents a $0.14 annualized dividend and a dividend yield of 0.16%. GE HealthCare Technologies’s dividend payout ratio is presently 3.85%.

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.