Comerica Securities Inc. Continues to Hold Stake in Harley-Davidson, Inc. (HOG)
Comerica Securities Inc. held its position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,452 shares of the company’s stock at the close of the second quarter. Comerica Securities Inc.’s holdings in Harley-Davidson were worth $240,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wayne Hummer Investments L.L.C. bought a new stake in shares of Harley-Davidson during the 1st quarter valued at $200,000. Independent Advisor Alliance raised its position in shares of Harley-Davidson by 491.5% during the 1st quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after purchasing an additional 2,772 shares during the period. Northside Capital Management LLC bought a new stake in shares of Harley-Davidson during the 1st quarter valued at $218,000. Pacer Advisors Inc. raised its position in shares of Harley-Davidson by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock valued at $224,000 after purchasing an additional 117 shares during the period. Finally, Geneva Advisors LLC raised its position in shares of Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 91.04% of the company’s stock.
Harley-Davidson, Inc. (HOG) opened at 48.01 on Monday. Harley-Davidson, Inc. has a 52 week low of $45.53 and a 52 week high of $63.40. The firm has a 50 day moving average of $47.59 and a 200-day moving average of $53.75. The stock has a market capitalization of $8.37 billion, a PE ratio of 14.06 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 earnings per share. On average, equities analysts predict that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Monday, September 11th. Harley-Davidson’s dividend payout ratio (DPR) is 42.44%.
In other news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the sale, the insider now directly owns 23,673 shares in the company, valued at $1,116,892.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by corporate insiders.
Several brokerages have recently commented on HOG. UBS AG restated a “neutral” rating and set a $57.00 price objective on shares of Harley-Davidson in a research report on Tuesday, June 13th. ValuEngine downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Morgan Stanley decreased their price objective on shares of Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, August 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Harley-Davidson from $61.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have issued a buy rating to the company. Harley-Davidson 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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