Dimensional Fund Advisors LP Sells 48,334 Shares of Haleon plc (NYSE:HLN)

Dimensional Fund Advisors LP cut its position in shares of Haleon plc (NYSE:HLN - Free Report) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 754,364 shares of the company's stock after selling 48,334 shares during the quarter. Dimensional Fund Advisors LP's holdings in Haleon were worth $7,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC lifted its position in shares of Haleon by 3.7% in the fourth quarter. FMR LLC now owns 108,827,814 shares of the company's stock valued at $1,038,217,000 after acquiring an additional 3,909,545 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Haleon by 67.5% in the 4th quarter. Wellington Management Group LLP now owns 15,328,325 shares of the company's stock valued at $146,232,000 after buying an additional 6,175,835 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Haleon by 0.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,630,307 shares of the company's stock valued at $72,793,000 after purchasing an additional 58,444 shares in the last quarter. JPMorgan Chase & Co. grew its position in Haleon by 18.3% in the fourth quarter. JPMorgan Chase & Co. now owns 6,014,903 shares of the company's stock worth $57,382,000 after acquiring an additional 930,701 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Haleon during the fourth quarter worth $42,193,000. Hedge funds and other institutional investors own 6.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on HLN shares. Hsbc Global Res downgraded shares of Haleon from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Haleon in a research report on Monday, March 3rd. Morgan Stanley upgraded shares of Haleon from an "equal weight" rating to an "overweight" rating and set a $11.25 price objective on the stock in a report on Friday. Barclays reaffirmed an "overweight" rating on shares of Haleon in a research note on Tuesday, May 6th. Finally, HSBC reaffirmed a "hold" rating on shares of Haleon in a research report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Haleon presently has a consensus rating of "Moderate Buy" and an average target price of $11.25.

Haleon Trading Down 2.3%

Shares of NYSE HLN traded down $0.25 during trading on Tuesday, hitting $10.46. 18,049,884 shares of the company were exchanged, compared to its average volume of 7,866,038. The firm has a market capitalization of $47.18 billion, a PE ratio of 30.76, a P/E/G ratio of 2.82 and a beta of 0.24. Haleon plc has a 12-month low of $8.25 and a 12-month high of $10.85. The company has a fifty day moving average price of $10.21 and a 200-day moving average price of $9.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.84.

Haleon (NYSE:HLN - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter. Haleon had a return on equity of 14.76% and a net margin of 10.85%. The firm had revenue of $3.54 billion during the quarter, compared to analysts' expectations of $3.38 billion. As a group, equities research analysts expect that Haleon plc will post 0.43 EPS for the current year.

Haleon Increases Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, April 25th will be issued 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 dividend payout ratio is currently 58.97%.

Haleon 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.