Northwestern Mutual Wealth Management Co. Raises Position in Haleon plc (NYSE:HLN)

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Haleon plc (NYSE:HLN) by 12.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,281 shares of the company’s stock after buying an additional 1,450 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Haleon were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Clearbridge Investments LLC lifted its stake in shares of Haleon by 44.6% in the 1st quarter. Clearbridge Investments LLC now owns 38,446,978 shares of the company’s stock valued at $326,415,000 after acquiring an additional 11,865,076 shares during the last quarter. Wellington Management Group LLP increased its stake in Haleon by 164.6% in the 4th quarter. Wellington Management Group LLP now owns 13,542,346 shares of the company’s stock worth $111,454,000 after purchasing an additional 8,423,475 shares during the period. Sculptor Capital LP lifted its position in Haleon by 67.8% in the second quarter. Sculptor Capital LP now owns 8,887,098 shares of the company’s stock valued at $73,407,000 after purchasing an additional 3,592,000 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of Haleon by 1.6% during the second quarter. Douglas Lane & Associates LLC now owns 8,533,768 shares of the company’s stock valued at $70,489,000 after purchasing an additional 131,892 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Haleon by 2.7% in the second quarter. Envestnet Asset Management Inc. now owns 7,572,548 shares of the company’s stock worth $62,549,000 after purchasing an additional 196,843 shares during the last quarter. 6.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on HLN. Morgan Stanley upped their price target on shares of Haleon from $9.90 to $10.95 and gave the company an “overweight” rating in a report on Friday, September 20th. Berenberg Bank began coverage on shares of Haleon in a research note on Tuesday, August 6th. They set a “buy” rating for the company. UBS Group raised Haleon to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group downgraded Haleon from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $10.95.

Haleon Stock Down 0.6 %

Shares of NYSE HLN opened at $10.06 on Friday. The firm has a fifty day simple moving average of $10.17 and a two-hundred day simple moving average of $9.08. The firm has a market capitalization of $45.84 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 2.93 and a beta of 0.26. 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 12 month low of $7.70 and a 12 month high of $10.80.

Haleon (NYSE:HLN) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Haleon had a return on equity of 13.15% and a net margin of 9.71%. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter last year, the business earned $0.08 earnings per share. Equities analysts expect that Haleon plc will post 0.47 earnings per share for the current year.

Haleon Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 16th were issued a $0.0514 dividend. The ex-dividend date was Friday, August 16th. This represents a yield of 1.6%. Haleon’s dividend payout ratio (DPR) is 36.67%.

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.