Haleon PLC Sponsored ADR (NYSE:HLN) Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC has increased its stake in Haleon PLC by 8.3% during the 1st quarter, now owning over 1.2 million shares valued at approximately $12.9 million.
• Several institutional investors have also increased their holdings, with notable increases from HB Wealth Management LLC (42.2%) and Assetmark Inc. (895.7%).
• Haleon announced a boost in its semi-annual dividend to $0.0555, reflecting a yield of 190.0%, with the ex-dividend date set for August 15th.

LPL Financial LLC grew its stake in Haleon PLC Sponsored ADR (NYSE:HLN - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,256,449 shares of the company's stock after buying an additional 95,990 shares during the quarter. LPL Financial LLC's holdings in Haleon were worth $12,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HB Wealth Management LLC increased its stake in Haleon by 42.2% during the 1st quarter. HB Wealth Management LLC now owns 91,594 shares of the company's stock worth $943,000 after buying an additional 27,192 shares in the last quarter. Prospect Financial Group LLC increased its stake in Haleon by 16.3% during the 1st quarter. Prospect Financial Group LLC now owns 16,056 shares of the company's stock worth $165,000 after buying an additional 2,247 shares in the last quarter. Pacer Advisors Inc. increased its stake in Haleon by 10.5% during the 1st quarter. Pacer Advisors Inc. now owns 37,311 shares of the company's stock worth $384,000 after buying an additional 3,532 shares in the last quarter. Assetmark Inc. increased its stake in Haleon by 895.7% during the 1st quarter. Assetmark Inc. now owns 19,387 shares of the company's stock worth $199,000 after buying an additional 17,440 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Haleon by 17.8% during the 1st quarter. Cetera Investment Advisers now owns 164,390 shares of the company's stock worth $1,692,000 after buying an additional 24,876 shares in the last quarter. Institutional investors and hedge funds own 6.67% of the company's stock.

Analysts Set New Price Targets

HLN has been the subject of several research reports. Wall Street Zen lowered Haleon from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. BNP Paribas Exane upgraded Haleon from a "neutral" rating to an "outperform" rating and set a $13.40 target price on the stock in a report on Tuesday, May 27th. Morgan Stanley upgraded Haleon from an "equal weight" rating to an "overweight" rating and set a $11.25 target price on the stock in a report on Friday, May 9th. BNP Paribas upgraded Haleon to a "strong-buy" rating in a report on Tuesday, May 27th. Finally, Barclays restated an "overweight" rating on shares of Haleon in a report on Tuesday, May 6th. Five analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Haleon presently has a consensus rating of "Moderate Buy" and an average price target of $12.33.

Haleon Trading Up 2.3%

HLN opened at $9.47 on Friday. Haleon PLC Sponsored ADR has a one year low of $8.86 and a one year high of $11.42. The stock has a market capitalization of $42.52 billion, a PE ratio of 24.27, a P/E/G ratio of 2.72 and a beta of 0.23. The business's 50 day moving average price is $10.22 and its 200 day moving average price is $10.19. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 0.87.

Haleon Increases Dividend

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

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