10,251 Shares in GE HealthCare Technologies Inc. (NASDAQ:GEHC) Acquired by United Services Automobile Association

United Services Automobile Association acquired a new position in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,251 shares of the company's stock, valued at approximately $801,000.

Several other institutional investors also recently bought and sold shares of GEHC. Congress Wealth Management LLC DE boosted its holdings in shares of GE HealthCare Technologies by 35.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,592 shares of the company's stock worth $281,000 after buying an additional 932 shares during the period. Vanguard Group Inc. boosted its holdings in GE HealthCare Technologies by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 52,537,446 shares of the company's stock valued at $4,107,378,000 after acquiring an additional 2,155,429 shares during the period. Stevens Capital Management LP bought a new position in shares of GE HealthCare Technologies in the fourth quarter worth about $664,000. LPL Financial LLC lifted its position in shares of GE HealthCare Technologies by 3.9% during the 4th quarter. LPL Financial LLC now owns 444,567 shares of the company's stock worth $34,756,000 after purchasing an additional 16,881 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in GE HealthCare Technologies during the 4th quarter valued at approximately $12,077,000. 82.06% of the stock is currently owned by institutional investors.

GE HealthCare Technologies Price Performance

GE HealthCare Technologies stock traded down $1.65 during mid-day trading on Friday, hitting $80.01. 3,189,762 shares of the company were exchanged, compared to its average volume of 2,933,671. The company has a market capitalization of $36.59 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 3.19 and a beta of 1.13. The business has a fifty day moving average of $86.70 and a 200 day moving average of $85.87. GE HealthCare Technologies Inc. has a 1-year low of $74.51 and a 1-year high of $94.80. The company has a quick ratio of 0.83, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

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GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.19. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.33 billion. GE HealthCare Technologies had a net margin of 10.13% and a return on equity of 25.74%. As a group, sell-side analysts expect that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current year.

GE HealthCare Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.14 dividend on an annualized basis and a yield of 0.17%. GE HealthCare Technologies's dividend payout ratio is 3.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group upgraded GE HealthCare Technologies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $85.00 to $100.00 in a report on Tuesday, March 11th. Wells Fargo & Company increased their price target on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Citigroup boosted their price objective on shares of GE HealthCare Technologies from $103.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group upgraded shares of GE HealthCare Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $95.00 to $103.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, GE HealthCare Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $98.75.

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.