Vestmark Advisory Solutions Inc. Has $595,000 Stake in Haleon plc (NYSE:HLN)

Vestmark Advisory Solutions Inc. increased its stake in shares of Haleon plc (NYSE:HLN) by 53.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,420 shares of the company’s stock after acquiring an additional 21,673 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Haleon were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLN. Farther Finance Advisors LLC raised its holdings in shares of Haleon by 33.0% during the third quarter. Farther Finance Advisors LLC now owns 10,936 shares of the company’s stock worth $116,000 after acquiring an additional 2,715 shares during the period. Portside Wealth Group LLC increased its stake in Haleon by 4.5% in the 3rd quarter. Portside Wealth Group LLC now owns 47,003 shares of the company’s stock valued at $497,000 after buying an additional 2,018 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in Haleon by 2.3% in the 3rd quarter. Axxcess Wealth Management LLC now owns 63,843 shares of the company’s stock valued at $675,000 after buying an additional 1,450 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Haleon by 55.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 480,760 shares of the company’s stock valued at $5,087,000 after buying an additional 171,877 shares during the last quarter. Finally, Chartwell Investment Partners LLC increased its stake in Haleon by 107.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 475,415 shares of the company’s stock valued at $5,030,000 after buying an additional 246,594 shares during the last quarter. 6.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HLN shares. Sanford C. Bernstein lowered shares of Haleon from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 8th. Hsbc Global Res lowered shares of Haleon from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley lowered shares of Haleon from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 10th. Finally, HSBC restated a “hold” rating on shares of Haleon in a research note on Wednesday. Five investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.95.

Haleon Stock Up 0.5 %

Shares of HLN stock opened at $10.45 on Friday. 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’s 50-day moving average is $9.68 and its 200-day moving average is $9.86. The stock has a market cap of $47.29 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 2.82 and a beta of 0.25. Haleon plc has a 52-week low of $7.89 and a 52-week high of $10.80.

Haleon (NYSE:HLN) last issued its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $3.54 billion for 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%. Sell-side analysts predict that Haleon plc will post 0.43 EPS for the current 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 issued a $0.1166 dividend. This represents a dividend yield of 1.6%. This is a boost from Haleon’s previous — dividend of $0.05. The ex-dividend date of this dividend is Friday, April 25th. Haleon’s dividend payout ratio is presently 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.