Commonwealth Sells 91,088 GE HealthCare Shares, while National Bank of Canada FI Raises Stake
Commonwealth Equity Services LLC trimmed its GE HealthCare Technologies stake by 34.4% in Q3, selling 91,088 shares to leave 173,486 shares valued at $13.03M. Conversely, National Bank of Canada FI boosted its GE HealthCare holding by 133.3%, acquiring 514,007 additional shares to reach 899,693 shares worth $66.64M.
1. Significant Institutional Stake Changes
Commonwealth Equity Services LLC reduced its stake in GE HealthCare Technologies Inc. by 34.4% in the third quarter, selling 91,088 shares and leaving it with 173,486 shares valued at $13.029 million. Other notable shifts include Mirae Asset Global Investments Co. Ltd., which increased its position by 4.2% to 159,882 shares (valued at $11.842 million), and Wedge Capital Management L L P NC establishing a new position worth $26.859 million. Lineweaver Wealth Advisors LLC opened a $592,000 stake, Valicenti Advisory Services Inc. grew its holdings by 22.6% to 68,107 shares ($5.115 million), and National Bank of Canada FI more than doubled its position by 133.3% to 899,693 shares ($66.640 million). Institutional and hedge funds now own 82.06% of GEHC stock.
2. Q3 Earnings Performance and FY25 Guidance
In its latest quarterly report, GE HealthCare Technologies posted earnings per share of $1.07, surpassing consensus estimates by $0.02, on revenue of $5.14 billion, 5.8% higher year-over-year. Return on equity reached 22.52%, while net margin stood at 10.94%. For fiscal year 2025, the company set an EPS guidance range of 4.510 to 4.630, compared with analysts’ consensus forecast of 4.68 EPS.
3. Dividend Policy and Capital Return Metrics
GE HealthCare declared a quarterly dividend of $0.035 per share, payable on February 13 to shareholders of record as of January 9. This equates to an annualized payout of $0.14 per share and a yield of approximately 0.2%, with a payout ratio of 2.89%. The move underscores the company’s commitment to returning capital while maintaining a conservative distribution relative to earnings.
4. Analyst Ratings and Consensus Outlook
A balanced mix of 14 analysts covers GEHC, with seven rating the stock as Buy and seven as Hold, resulting in a consensus Moderate Buy. The average price target across these firms stands at $89.50. Recent reaffirmations include buy ratings from Goldman Sachs, BTIG Research and Evercore ISI, while Weiss Ratings maintains a Hold view. This split reflects confidence in the company’s earnings growth potential alongside considerations of competitive dynamics in the medical imaging market.