PFC Capital Group Inc. Has $625,000 Stock Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

PFC Capital Group Inc. lowered its position in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 11.1% in the fourth quarter, Holdings Channel reports. The firm owned 8,000 shares of the company’s stock after selling 1,000 shares during the period. PFC Capital Group Inc.’s holdings in GE HealthCare Technologies were worth $625,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of GE HealthCare Technologies by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 11,320,576 shares of the company’s stock worth $882,777,000 after purchasing an additional 342,819 shares in the last quarter. Diametric Capital LP bought a new stake in shares of GE HealthCare Technologies in the 4th quarter valued at $203,000. Nemes Rush Group LLC raised its stake in GE HealthCare Technologies by 256.7% during the 4th quarter. Nemes Rush Group LLC now owns 849 shares of the company’s stock worth $66,000 after buying an additional 611 shares during the period. National Bank of Canada FI lifted its holdings in GE HealthCare Technologies by 262.4% during the fourth quarter. National Bank of Canada FI now owns 443,248 shares of the company’s stock worth $34,661,000 after acquiring an additional 320,924 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in GE HealthCare Technologies by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 67,536 shares of the company’s stock valued at $5,280,000 after acquiring an additional 1,105 shares during the period. Institutional investors own 82.06% of the company’s stock.

Analyst Ratings Changes

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

GE HealthCare Technologies Stock Performance

Shares of GEHC opened at $80.71 on Tuesday. The stock has a market capitalization of $36.91 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 3.19 and a beta of 1.13. GE HealthCare Technologies Inc. has a 12 month low of $74.51 and a 12 month high of $94.80. The firm has a fifty day simple moving average of $86.62 and a 200 day simple moving average of $85.81. The company has a current ratio of 1.04, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88.

GE HealthCare Technologies (NASDAQ:GEHC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.19. The company 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%. Research analysts forecast that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be paid a $0.035 dividend. 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%.

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.