Haleon (NYSE:HLN) Shares Gap Up – What’s Next?

Haleon plc (NYSE:HLN) shares gapped up before the market opened on Thursday . The stock had previously closed at $10.16, but opened at $10.55. Haleon shares last traded at $10.51, with a volume of 1,086,357 shares traded.

Analyst Ratings Changes

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

Haleon Stock Up 3.3 %

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 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $9.87. The stock has a market cap of $47.53 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.82 and a beta of 0.25.

Haleon (NYSE:HLN) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.38 billion. Haleon had a return on equity of 14.76% and a net margin of 10.85%. Equities research analysts predict that Haleon plc will post 0.43 earnings per share for the current year.

Haleon Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HLN. Sierra Ocean LLC acquired a new stake in Haleon in the fourth quarter worth approximately $26,000. Versant Capital Management Inc lifted its holdings in shares of Haleon by 2,029.1% in the fourth quarter. Versant Capital Management Inc now owns 3,513 shares of the company’s stock valued at $34,000 after buying an additional 3,348 shares during the period. Geneos Wealth Management Inc. bought a new position in Haleon during the fourth quarter valued at about $35,000. Toronto Dominion Bank grew its holdings in Haleon by 3,470.0% during the third quarter. Toronto Dominion Bank now owns 3,570 shares of the company’s stock worth $38,000 after acquiring an additional 3,470 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of Haleon during the fourth quarter valued at approximately $39,000. 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.