Heritage Wealth Management LLC Invests $793,000 in Haleon plc (NYSE:HLN)

Heritage Wealth Management LLC acquired a new position in Haleon plc (NYSE:HLN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 96,309 shares of the company's stock, valued at approximately $793,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its position in Haleon by 93.7% in the third quarter. FinTrust Capital Advisors LLC now owns 5,557 shares of the company's stock worth $46,000 after acquiring an additional 2,688 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Haleon by 71.3% during the third quarter. Bank of New York Mellon Corp now owns 1,495,001 shares of the company's stock worth $12,453,000 after acquiring an additional 622,041 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Haleon by 9.8% in the third quarter. Brown Advisory Inc. now owns 36,323 shares of the company's stock valued at $303,000 after buying an additional 3,233 shares in the last quarter. Sage Mountain Advisors LLC bought a new position in Haleon during the third quarter worth about $113,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Haleon by 12.8% during the 3rd quarter. Park Avenue Securities LLC now owns 91,880 shares of the company's stock valued at $765,000 after purchasing an additional 10,431 shares in the last quarter. Institutional investors and hedge funds own 6.67% of the company's stock.

Haleon Trading Down 0.4 %

Shares of Haleon stock traded down $0.03 during mid-day trading on Thursday, hitting $8.32. The stock had a trading volume of 9,937,276 shares, compared to its average volume of 5,403,689. Haleon plc has a 12-month low of $7.70 and a 12-month high of $8.98. The firm has a market cap of $37.99 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.28. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average of $8.34 and a two-hundred day moving average of $8.29.

Haleon Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on HLN. HSBC assumed coverage on Haleon in a report on Wednesday, April 17th. They set a "buy" rating for the company. Argus reiterated a "buy" rating on shares of Haleon in a report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

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.