EverSource Wealth Advisors LLC Buys 2,747 Shares of Haleon plc (NYSE:HLN)

EverSource Wealth Advisors LLC boosted its stake in Haleon plc (NYSE:HLN) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,601 shares of the company’s stock after purchasing an additional 2,747 shares during the period. EverSource Wealth Advisors LLC’s holdings in Haleon were worth $139,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HLN. Addison Advisors LLC increased its holdings in Haleon by 28.7% during the fourth quarter. Addison Advisors LLC now owns 4,954 shares of the company’s stock valued at $47,000 after buying an additional 1,106 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Haleon by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 148,834 shares of the company’s stock worth $1,575,000 after purchasing an additional 1,216 shares in the last quarter. Greenleaf Trust increased its stake in shares of Haleon by 8.4% in the 4th quarter. Greenleaf Trust now owns 17,225 shares of the company’s stock worth $164,000 after purchasing an additional 1,333 shares in the last quarter. Baron Wealth Management LLC lifted its position in Haleon by 4.3% during the fourth quarter. Baron Wealth Management LLC now owns 33,632 shares of the company’s stock valued at $321,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in Haleon by 3.2% during the third quarter. Peapack Gladstone Financial Corp now owns 44,844 shares of the company’s stock valued at $474,000 after purchasing an additional 1,390 shares during the period. 6.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLN. Hsbc Global Res downgraded Haleon from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Haleon in a report on Monday, March 3rd. HSBC reissued a “hold” rating on shares of Haleon in a research note on Wednesday, March 5th. Sanford C. Bernstein cut shares of Haleon from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley lowered Haleon from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.95.

Haleon Price Performance

Shares of NYSE:HLN opened at $10.31 on Tuesday. The firm has a market cap of $46.65 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.82 and a beta of 0.25. Haleon plc has a fifty-two week low of $7.89 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.84. The firm has a fifty day moving average price of $9.77 and a 200 day moving average price of $9.88.

Haleon (NYSE:HLN) last posted its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter. Haleon had a return on equity of 14.76% and a net margin of 10.85%. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.38 billion. As a group, sell-side analysts expect that Haleon plc will post 0.43 earnings per share for the current fiscal year.

Haleon Increases Dividend

The company also recently announced a — dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, April 25th will be given a dividend of $0.1166 per share. This is an increase from Haleon’s previous — dividend of $0.05. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, April 25th. Haleon’s dividend payout ratio is currently 58.97%.

Haleon Company Profile

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.