William Blair Investment Management LLC Sells 51,200 Shares of Haleon plc (NYSE:HLN)

William Blair Investment Management LLC lessened its position in shares of Haleon plc (NYSE:HLN - Free Report) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 246,458 shares of the company's stock after selling 51,200 shares during the period. William Blair Investment Management LLC's holdings in Haleon were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Addison Advisors LLC increased its stake in Haleon by 28.7% in the 4th quarter. Addison Advisors LLC now owns 4,954 shares of the company's stock worth $47,000 after acquiring an additional 1,106 shares during the last quarter. Synovus Financial Corp lifted its stake in Haleon by 0.8% during the third quarter. Synovus Financial Corp now owns 148,834 shares of the company's stock worth $1,575,000 after purchasing an additional 1,216 shares during the last quarter. Greenleaf Trust lifted its stake in Haleon by 8.4% during the fourth quarter. Greenleaf Trust now owns 17,225 shares of the company's stock worth $164,000 after purchasing an additional 1,333 shares during the last quarter. Baron Wealth Management LLC increased its position in shares of Haleon by 4.3% during the 4th quarter. Baron Wealth Management LLC now owns 33,632 shares of the company's stock valued at $321,000 after purchasing an additional 1,381 shares during the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of Haleon by 3.2% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 44,844 shares of the company's stock valued at $474,000 after buying an additional 1,390 shares in the last quarter. 6.67% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on HLN. Hsbc Global Res lowered shares of Haleon from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Haleon in a report on Monday, March 3rd. Sanford C. Bernstein cut Haleon from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 8th. Morgan Stanley cut shares of Haleon from an "overweight" rating to an "equal weight" rating in a report on Friday, January 10th. Finally, HSBC reissued a "hold" rating on shares of Haleon in a research report on Wednesday, March 5th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.95.

Haleon Stock Down 1.4 %

Shares of NYSE:HLN traded down $0.15 during trading on Monday, hitting $10.13. The stock had a trading volume of 8,204,459 shares, compared to its average volume of 6,490,405. The company has a market capitalization of $45.88 billion, a PE ratio of 29.81, a PEG ratio of 2.82 and a beta of 0.25. The company has a quick ratio of 0.58, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm's fifty day moving average is $9.84 and its 200 day moving average is $9.88. Haleon plc has a 12 month low of $7.99 and a 12 month high of $10.80.

Haleon (NYSE:HLN - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter. Haleon had a net margin of 10.85% and a return on equity of 14.76%. The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.38 billion. Analysts anticipate that Haleon plc will post 0.43 EPS for the current fiscal year.

Haleon Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.1166 per share. This is a boost from Haleon's previous -- dividend of $0.05. The ex-dividend date is Friday, April 25th. This represents a yield of 1.6%. Haleon's payout ratio is presently 58.97%.

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.