Harley-Davidson, Inc. (HOG) Holdings Trimmed by Private Advisor Group LLC
Private Advisor Group LLC decreased its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 34.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,793 shares of the company’s stock after selling 4,536 shares during the period. Private Advisor Group LLC’s holdings in Harley-Davidson were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. increased its stake in Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock worth $232,000 after purchasing an additional 72 shares during the period. Louisiana State Employees Retirement System increased its stake in Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after purchasing an additional 100 shares during the period. Annex Advisory Services LLC increased its stake in Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after purchasing an additional 102 shares during the period. First Business Financial Services Inc. increased its stake in Harley-Davidson by 1.2% in the first quarter. First Business Financial Services Inc. now owns 8,907 shares of the company’s stock worth $539,000 after purchasing an additional 107 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Harley-Davidson by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock worth $224,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 91.06% of the company’s stock.
A number of research firms have weighed in on HOG. BidaskClub upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research note on Tuesday, July 4th. UBS AG reiterated a “neutral” rating and issued a $57.00 target price on shares of Harley-Davidson in a research note on Monday, June 26th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. Finally, Aegis began coverage on Harley-Davidson in a research note on Monday, August 28th. They issued a “hold” rating and a $49.00 target price on the stock. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have assigned a buy rating to the company. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $53.94.
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In other news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the transaction, the insider now owns 23,673 shares in the company, valued at approximately $1,116,892.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.
Harley-Davidson, Inc. (NYSE HOG) opened at 48.01 on Friday. The firm has a 50-day moving average price of $47.59 and a 200 day moving average price of $53.75. Harley-Davidson, Inc. has a 1-year low of $45.53 and a 1-year high of $63.40. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 14.06 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the business earned $1.55 EPS. Harley-Davidson’s revenue was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Harley-Davidson, Inc. will post $3.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.04%. Harley-Davidson’s payout ratio is currently 42.44%.
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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