Haleon (NYSE:HLN) Coverage Initiated at HSBC

HSBC assumed coverage on shares of Haleon (NYSE:HLN - Free Report) in a report published on Wednesday, MarketBeat.com reports. The firm issued a buy rating on the stock.

Separately, Argus reaffirmed a buy rating on shares of Haleon in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of Moderate Buy.

Haleon Stock Up 0.1 %

HLN traded up $0.01 during midday trading on Wednesday, hitting $8.11. 3,621,063 shares of the company's stock traded hands, compared to its average volume of 5,555,509. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market cap of $37.03 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 2.11 and a beta of 0.29. The stock's fifty day simple moving average is $8.30 and its 200-day simple moving average is $8.29. Haleon has a one year low of $7.70 and a one year high of $9.05.

Haleon Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Friday, March 15th will be given a dividend of $0.1064 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a yield of 1.8%. Haleon's payout ratio is currently 75.00%.

Hedge Funds Weigh In On Haleon

A number of institutional investors have recently modified their holdings of HLN. Dodge & Cox boosted its stake in Haleon by 1.2% during the 4th quarter. Dodge & Cox now owns 110,663,098 shares of the company's stock valued at $910,757,000 after purchasing an additional 1,265,239 shares during the period. FMR LLC boosted its position in shares of Haleon by 22.2% in the third quarter. FMR LLC now owns 53,951,936 shares of the company's stock valued at $449,420,000 after acquiring an additional 9,812,040 shares during the period. Clearbridge Investments LLC grew its stake in shares of Haleon by 2.4% in the fourth quarter. Clearbridge Investments LLC now owns 26,581,902 shares of the company's stock worth $218,769,000 after acquiring an additional 612,400 shares during the last quarter. Wellington Management Group LLP increased its position in Haleon by 164.6% during the fourth quarter. Wellington Management Group LLP now owns 13,542,346 shares of the company's stock worth $111,454,000 after acquiring an additional 8,423,475 shares during the period. Finally, Bank of America Corp DE raised its stake in Haleon by 31.7% during the 1st quarter. Bank of America Corp DE now owns 9,318,536 shares of the company's stock valued at $75,853,000 after purchasing an additional 2,241,454 shares during the last quarter. Institutional investors own 6.67% of the company's stock.

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.