Drive Wealth Management LLC Increases Stock Holdings in Haleon PLC Sponsored ADR $HLN

Key Points

• Drive Wealth Management LLC increased its stake in Haleon PLC by 438.3%, acquiring an additional 60,675 shares and bringing its total holdings to 74,517 shares valued at $773,000.
• Analysts have varied opinions on Haleon, with Goldman Sachs upgrading the stock to a "buy" rating, while others like Wall Street Zen and Barclays have downgraded it to "hold" or "equal weight."
• Haleon recently declared a semi-annual dividend of $0.0555 per share, up from its previous dividend, reflecting a yield of 190.0%.

Drive Wealth Management LLC boosted its position in shares of Haleon PLC Sponsored ADR (NYSE:HLN - Free Report) by 438.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,517 shares of the company's stock after acquiring an additional 60,675 shares during the quarter. Drive Wealth Management LLC's holdings in Haleon were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HLN. Wellington Management Group LLP raised its position in Haleon by 22.0% in the 1st quarter. Wellington Management Group LLP now owns 18,700,480 shares of the company's stock valued at $192,428,000 after purchasing an additional 3,372,155 shares in the last quarter. Sculptor Capital LP raised its position in Haleon by 22.1% in the 1st quarter. Sculptor Capital LP now owns 10,849,868 shares of the company's stock valued at $111,645,000 after purchasing an additional 1,962,770 shares in the last quarter. Nuveen LLC acquired a new stake in Haleon in the 1st quarter valued at about $58,870,000. Millennium Management LLC raised its position in Haleon by 697.2% in the 1st quarter. Millennium Management LLC now owns 4,216,504 shares of the company's stock valued at $43,388,000 after purchasing an additional 3,687,613 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its position in Haleon by 8.8% in the 1st quarter. Bain Capital Public Equity Management II LLC now owns 3,093,270 shares of the company's stock valued at $31,830,000 after purchasing an additional 249,260 shares in the last quarter. 6.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLN has been the topic of a number of analyst reports. The Goldman Sachs Group raised Haleon from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 10th. Wall Street Zen lowered Haleon from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays lowered Haleon from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, September 16th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Haleon in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

Haleon Trading Up 3.0%

NYSE:HLN opened at $9.48 on Monday. The stock's 50 day moving average price is $9.41 and its 200 day moving average price is $9.99. The company has a market capitalization of $42.22 billion, a PE ratio of 24.31, a P/E/G ratio of 2.77 and a beta of 0.20. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.48. Haleon PLC Sponsored ADR has a 52-week low of $8.71 and a 52-week high of $11.42.

Haleon Increases Dividend

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

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.

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