Haleon (NYSE:HLN) Reaches New 12-Month High at $10.76

Haleon plc (NYSE:HLN)’s stock price hit a new 52-week high on Friday . The company traded as high as $10.76 and last traded at $10.75, with a volume of 759959 shares trading hands. The stock had previously closed at $10.59.

Analyst Ratings Changes

A number of brokerages have weighed in on HLN. The Goldman Sachs Group cut Haleon from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. Morgan Stanley upped their price target on Haleon from $9.90 to $10.95 and gave the company an “overweight” rating in a research report on Friday, September 20th. Finally, Berenberg Bank began coverage on Haleon in a report on Tuesday, August 6th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.95.

Haleon Stock Up 0.8 %

The firm has a fifty day moving average price of $9.94 and a 200 day moving average price of $8.95. 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 company has a market cap of $48.65 billion, a P/E ratio of 35.57, a PEG ratio of 3.12 and a beta of 0.26.

Haleon (NYSE:HLN) last announced its earnings results on Thursday, August 1st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. Haleon had a return on equity of 13.15% and a net margin of 9.71%. During the same quarter in the previous year, the company posted $0.08 EPS. Equities research analysts forecast that Haleon plc will post 0.47 earnings per share for the current year.

Haleon Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 16th were issued a $0.0514 dividend. This represents a yield of 1.6%. The ex-dividend date was Friday, August 16th. Haleon’s dividend payout ratio is 36.67%.

Hedge Funds Weigh In On Haleon

Several hedge funds have recently added to or reduced their stakes in HLN. Cultivar Capital Inc. bought a new position in Haleon in the second quarter valued at about $40,000. Allspring Global Investments Holdings LLC bought a new position in Haleon in the first quarter valued at about $43,000. GAMMA Investing LLC lifted its stake in Haleon by 151.3% in the first quarter. GAMMA Investing LLC now owns 6,106 shares of the company’s stock valued at $52,000 after buying an additional 3,676 shares during the period. Pinnacle Bancorp Inc. lifted its stake in Haleon by 29.8% in the first quarter. Pinnacle Bancorp Inc. now owns 6,188 shares of the company’s stock valued at $53,000 after buying an additional 1,421 shares during the period. Finally, Hexagon Capital Partners LLC lifted its stake in Haleon by 66.6% in the second quarter. Hexagon Capital Partners LLC now owns 6,695 shares of the company’s stock valued at $55,000 after buying an additional 2,677 shares during the period. Institutional investors own 6.67% of the company’s stock.

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.