Capital Fund Management S.A. Acquires 54,407 Shares of Haleon PLC Sponsored ADR $HLN

Key Points

• Capital Fund Management S.A. increased its stake in Haleon PLC by 100%, acquiring an additional 54,407 shares, bringing its total holdings to 108,828 shares valued at approximately $1.12 million.
• Haleon announced a semi-annual dividend increase to $0.0555 per share, reflecting a positive adjustment from the previous dividend of $0.05, and a dividend yield of 190.0%.
• Research analysts have varied ratings on Haleon, with BNP Paribas upgrading it to an "outperform" rating and a target price of $13.40, while Morgan Stanley also upgraded it to "overweight" with a target of $11.25.

Capital Fund Management S.A. grew its position in shares of Haleon PLC Sponsored ADR (NYSE:HLN - Free Report) by 100.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,828 shares of the company's stock after purchasing an additional 54,407 shares during the period. Capital Fund Management S.A.'s holdings in Haleon were worth $1,120,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its stake in Haleon by 135.9% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 2,588 shares of the company's stock worth $27,000 after purchasing an additional 1,491 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Haleon during the first quarter worth about $29,000. Deutsche Bank AG lifted its stake in shares of Haleon by 267.8% in the 1st quarter. Deutsche Bank AG now owns 3,126 shares of the company's stock valued at $32,000 after acquiring an additional 2,276 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Haleon by 152.4% in the 1st quarter. Continuum Advisory LLC now owns 4,753 shares of the company's stock valued at $49,000 after acquiring an additional 2,870 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in shares of Haleon in the 1st quarter valued at about $56,000. Institutional investors own 6.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HLN. BNP Paribas raised Haleon to a "strong-buy" rating in a research note on Tuesday, May 27th. Morgan Stanley upgraded Haleon from an "equal weight" rating to an "overweight" rating and set a $11.25 price target on the stock in a research note on Friday, May 9th. Wall Street Zen downgraded Haleon from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. BNP Paribas Exane raised Haleon from a "neutral" rating to an "outperform" rating and set a $13.40 price objective on the stock in a research report on Tuesday, May 27th. Finally, Barclays reaffirmed an "overweight" rating on shares of Haleon in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Haleon currently has a consensus rating of "Moderate Buy" and an average target price of $12.33.

Haleon Stock Performance

Haleon stock traded up $0.12 during trading on Friday, reaching $9.81. The company had a trading volume of 8,278,049 shares, compared to its average volume of 12,720,989. Haleon PLC Sponsored ADR has a 52 week low of $8.86 and a 52 week high of $11.42. The firm's 50-day simple moving average is $9.86 and its 200 day simple moving average is $10.21. The firm has a market capitalization of $43.97 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 2.87 and a beta of 0.23. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.48.

Haleon Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be paid a $0.0555 dividend. This represents a yield of 190.0%. The ex-dividend date is Friday, August 15th. This is a boost from Haleon's previous semi-annual dividend of $0.05. Haleon's dividend payout ratio (DPR) is currently 28.21%.

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.