Raymond James Financial Inc. Invests $42.19 Million in Haleon plc (NYSE:HLN)

Raymond James Financial Inc. acquired a new position in shares of Haleon plc (NYSE:HLN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,422,760 shares of the company's stock, valued at approximately $42,193,000. Raymond James Financial Inc. owned about 0.10% of Haleon as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLN. Advisory Services Network LLC grew its stake in shares of Haleon by 157.0% during the fourth quarter. Advisory Services Network LLC now owns 25,812 shares of the company's stock valued at $246,000 after purchasing an additional 15,769 shares during the last quarter. FIL Ltd lifted its holdings in Haleon by 45.7% during the 4th quarter. FIL Ltd now owns 4,049 shares of the company's stock worth $39,000 after buying an additional 1,270 shares in the last quarter. Cerity Partners LLC boosted its position in Haleon by 1.3% in the 4th quarter. Cerity Partners LLC now owns 584,164 shares of the company's stock valued at $5,946,000 after buying an additional 7,631 shares during the last quarter. FMR LLC increased its stake in shares of Haleon by 3.7% in the 4th quarter. FMR LLC now owns 108,827,814 shares of the company's stock valued at $1,038,217,000 after buying an additional 3,909,545 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Haleon by 6.5% during the fourth quarter. Quadrant Capital Group LLC now owns 48,829 shares of the company's stock worth $466,000 after acquiring an additional 3,001 shares during the last quarter. Institutional investors and hedge funds own 6.67% of the company's stock.

Analysts Set New Price Targets

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

Haleon Trading Up 0.5 %

Shares of HLN stock traded up $0.06 on Monday, hitting $10.28. The stock had a trading volume of 642,361 shares, compared to its average volume of 7,122,938. The company has a current ratio of 0.84, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44. Haleon plc has a twelve month low of $8.12 and a twelve month high of $10.80. The company has a fifty day moving average price of $10.09 and a two-hundred day moving average price of $9.80. The firm has a market cap of $46.40 billion, a P/E ratio of 30.19, a PEG ratio of 2.82 and a beta of 0.24.

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

Haleon Increases Dividend

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

About Haleon

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.