Tokio Marine Asset Management Co. Ltd. Raises Stock Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,078 shares of the company’s stock after acquiring an additional 834 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in GE HealthCare Technologies were worth $779,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. First Command Advisory Services Inc. increased its position in 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 during the last quarter. Legacy Financial Group LLC purchased a new stake in GE HealthCare Technologies in the third quarter worth $26,000. OFI Invest Asset Management purchased a new stake in GE HealthCare Technologies in the third quarter worth $26,000. ORG Partners LLC increased its position in GE HealthCare Technologies by 174.2% in the third quarter. ORG Partners LLC now owns 425 shares of the company’s stock worth $29,000 after buying an additional 270 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in shares of GE HealthCare Technologies in the fourth quarter worth $29,000. 82.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on GEHC shares. Argus raised their price target on GE HealthCare Technologies from $80.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Mizuho raised their price target on GE HealthCare Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Morgan Stanley raised their price target on GE HealthCare Technologies from $74.00 to $86.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. HSBC started coverage on GE HealthCare Technologies in a report on Thursday, February 15th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Evercore ISI raised their price target on GE HealthCare Technologies from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.09.

GE HealthCare Technologies Trading Up 0.3 %

Shares of GEHC stock opened at $86.24 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $88.92 and a two-hundred day moving average price of $78.45. GE HealthCare Technologies Inc. has a 12-month low of $62.35 and a 12-month high of $94.50. The firm has a market cap of $39.35 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.11. GE HealthCare Technologies had a return on equity of 25.58% and a net margin of 8.02%. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that GE HealthCare Technologies Inc. will post 4.3 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 dividend yield of 0.14%. GE HealthCare Technologies’s dividend payout ratio is currently 3.97%.

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.