NewEdge Wealth LLC Sells 8,843 Shares of Haleon plc (NYSE:HLN)

NewEdge Wealth LLC trimmed its stake in Haleon plc (NYSE:HLN) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 53,003 shares of the company’s stock after selling 8,843 shares during the quarter. NewEdge Wealth LLC’s holdings in Haleon were worth $436,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Cerity Partners LLC boosted its stake in shares of Haleon by 312.6% in the 4th quarter. Cerity Partners LLC now owns 152,235 shares of the company’s stock valued at $1,253,000 after purchasing an additional 115,342 shares in the last quarter. Lester Murray Antman dba SimplyRich bought a new position in Haleon during the 4th quarter valued at about $358,000. Sequoia Financial Advisors LLC boosted its position in Haleon by 232.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 219,548 shares of the company’s stock valued at $1,804,000 after buying an additional 153,506 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in Haleon by 853.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 4,767 shares of the company’s stock worth $39,000 after buying an additional 4,267 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Haleon during the fourth quarter worth about $198,000. 6.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on HLN shares. Argus reissued a “buy” rating on shares of Haleon in a report on Tuesday, March 26th. HSBC assumed coverage on Haleon in a research note on Wednesday. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Haleon Price Performance

Shares of HLN stock opened at $8.11 on Thursday. Haleon plc has a 1 year low of $7.70 and a 1 year high of $9.05. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $8.30 and its 200-day moving average is $8.29. The firm has a market capitalization of $37.03 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.11 and a beta of 0.29.

Haleon Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 16th. Investors of record on Friday, March 15th will be given a $0.1064 dividend. This represents a yield of 1.8%. The ex-dividend date is Thursday, March 14th. Haleon’s dividend payout ratio (DPR) is presently 75.00%.

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.