William Allan Corp Has $1.97 Million Stock Position in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

William Allan Corp raised its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,155 shares of the company’s stock after purchasing an additional 1,176 shares during the period. William Allan Corp’s holdings in GE HealthCare Technologies were worth $1,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in GE HealthCare Technologies during the 2nd quarter worth $1,382,000. Park Avenue Securities LLC grew its stake in shares of GE HealthCare Technologies by 38.8% during the third quarter. Park Avenue Securities LLC now owns 4,058 shares of the company’s stock worth $381,000 after purchasing an additional 1,135 shares during the period. Czech National Bank increased its holdings in GE HealthCare Technologies by 15.0% in the third quarter. Czech National Bank now owns 93,026 shares of the company’s stock valued at $8,730,000 after purchasing an additional 12,147 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in GE HealthCare Technologies during the third quarter worth about $50,000. Finally, Daymark Wealth Partners LLC grew its position in shares of GE HealthCare Technologies by 31.0% during the 3rd quarter. Daymark Wealth Partners LLC now owns 5,936 shares of the company’s stock worth $557,000 after buying an additional 1,403 shares during the period. Institutional investors own 82.06% of the company’s stock.

Wall Street Analyst Weigh In

GEHC has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of GE HealthCare Technologies from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised shares of GE HealthCare Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $95.00 to $103.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, GE HealthCare Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

GE HealthCare Technologies Trading Up 1.6 %

NASDAQ:GEHC opened at $88.55 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.23 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 company has a market cap of $40.46 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 2.92 and a beta of 1.14. The business has a 50 day moving average price of $83.25 and a two-hundred day moving average price of $85.17.

GE HealthCare Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 14th will be paid a $0.035 dividend. 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 of this dividend is Tuesday, January 14th. GE HealthCare Technologies’s payout ratio is presently 3.85%.

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.