Haleon (NYSE:HLN) Receives “Hold” Rating from HSBC

HSBC reissued their hold rating on shares of Haleon (NYSE:HLN) in a report issued on Wednesday, MarketBeat Ratings reports.

Several other brokerages have also commented on HLN. Morgan Stanley lowered shares of Haleon from an “overweight” rating to an “equal weight” rating in a report on Friday, January 10th. Sanford C. Bernstein lowered shares of Haleon from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.95.

Haleon Trading Down 1.2 %

Shares of HLN opened at $10.55 on Wednesday. The stock has a market capitalization of $47.74 billion, a P/E ratio of 31.01, a PEG ratio of 2.82 and a beta of 0.28. The company has a quick ratio of 0.58, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $9.63 and a two-hundred day simple moving average of $9.85. Haleon has a twelve month low of $7.89 and a twelve month high of $10.80.

Haleon (NYSE:HLN) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Haleon had a net margin of 10.85% and a return on equity of 14.76%. On average, research analysts anticipate that Haleon will post 0.43 EPS for the current year.

Haleon Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, April 25th will be issued a $0.1166 dividend. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from Haleon’s previous — dividend of $0.05. This represents a yield of 1.6%. Haleon’s dividend payout ratio is 58.97%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Brucke Financial Inc. purchased a new position in Haleon during the 4th quarter valued at about $96,000. Forum Financial Management LP lifted its position in Haleon by 52.2% during the 4th quarter. Forum Financial Management LP now owns 30,705 shares of the company’s stock valued at $293,000 after acquiring an additional 10,530 shares during the period. Vise Technologies Inc. lifted its position in Haleon by 21.5% during the 4th quarter. Vise Technologies Inc. now owns 59,125 shares of the company’s stock valued at $564,000 after acquiring an additional 10,468 shares during the period. Principal Street Partners LLC purchased a new position in Haleon during the 4th quarter valued at about $472,000. Finally, Wolverine Trading LLC purchased a new position in Haleon during the 4th quarter valued at about $208,000. 6.67% of the stock is currently owned by institutional investors.

About Haleon

Haleon plc, together with its subsidiaries, engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company provides oral health products, such as toothpastes, mouth washes, and denture care products under the Sensodyne, Polident, Parodontax, Biotene brands; and vitamins, minerals, and supplements under Centrum, Emergen-C, Caltrate brands.