Dai Ichi Life Insurance Company Ltd Cuts Position in Harley-Davidson, Inc. (HOG)
Dai Ichi Life Insurance Company Ltd lessened its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,101 shares of the company’s stock after selling 720 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Harley-Davidson were worth $438,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Matrix Asset Advisors Inc. NY increased its holdings in Harley-Davidson by 8.0% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock worth $10,139,000 after buying an additional 13,897 shares during the period. Edgestream Partners L.P. acquired a new position in Harley-Davidson in the 1st quarter worth approximately $257,000. Thompson Investment Management Inc. increased its holdings in Harley-Davidson by 0.9% in the 2nd quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock worth $4,238,000 after buying an additional 686 shares during the period. SeaBridge Investment Advisors LLC increased its holdings in Harley-Davidson by 31.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 121,818 shares of the company’s stock worth $6,581,000 after buying an additional 29,310 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Harley-Davidson by 121.7% in the 1st quarter. HighTower Advisors LLC now owns 12,106 shares of the company’s stock worth $730,000 after buying an additional 6,646 shares during the period. Institutional investors own 91.06% of the company’s stock.
Harley-Davidson, Inc. (HOG) opened at 48.01 on Friday. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 14.06 and a beta of 0.86. The stock’s 50 day moving average price is $47.59 and its 200-day moving average price is $53.75. Harley-Davidson, Inc. has a 12 month low of $45.53 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. Harley-Davidson’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. Equities research analysts predict that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a yield of 3.04%. Harley-Davidson’s payout ratio is 42.44%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the sale, the insider now directly owns 23,673 shares in the company, valued at $1,116,892.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.
HOG has been the topic of several research reports. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. ValuEngine upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a report on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.94.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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