Haleon (NYSE:HLN) Reaches New 52-Week High – Here’s Why

Haleon plc (NYSE:HLN) hit a new 52-week high during trading on Monday . The stock traded as high as $10.87 and last traded at $10.84, with a volume of 1639366 shares changing hands. The stock had previously closed at $10.80.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley raised Haleon from an “equal weight” rating to an “overweight” rating and set a $11.25 price target for the company in a research note on Friday, May 9th. HSBC reissued a “hold” rating on shares of Haleon in a research note on Wednesday, March 5th. Barclays reissued an “overweight” rating on shares of Haleon in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Haleon in a research note on Monday, March 3rd. Finally, Hsbc Global Res cut Haleon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.25.

Haleon Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.58. The firm has a fifty day simple moving average of $10.22 and a 200 day simple moving average of $9.86. The company has a market cap of $49.02 billion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 2.82 and a beta of 0.24.

Haleon (NYSE:HLN) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.38 billion. Haleon had a net margin of 10.85% and a return on equity of 14.76%. On average, sell-side analysts expect that Haleon plc will post 0.43 earnings per share 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 issued a dividend of $0.1166 per share. The ex-dividend date of this dividend is Friday, April 25th. This is a boost from Haleon’s previous — dividend of $0.05. This represents a dividend yield of 1.6%. Haleon’s dividend payout ratio (DPR) is presently 58.97%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. American Trust bought a new position in shares of Haleon during the first quarter valued at $235,000. Ascent Group LLC bought a new position in shares of Haleon in the first quarter valued at about $569,000. Millennium Management LLC raised its holdings in shares of Haleon by 697.2% in the first quarter. Millennium Management LLC now owns 4,216,504 shares of the company’s stock valued at $43,388,000 after buying an additional 3,687,613 shares during the last quarter. Hancock Whitney Corp bought a new position in shares of Haleon in the first quarter valued at about $120,000. Finally, Banque Transatlantique SA bought a new position in shares of Haleon in the first quarter valued at about $27,000. 6.67% of the stock is owned by institutional investors.

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.