Geode Capital Management LLC Grows Holdings in Harley-Davidson Inc (HOG)
Geode Capital Management LLC grew its holdings in Harley-Davidson Inc (NYSE:HOG) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,426,455 shares of the company’s stock after purchasing an additional 136,387 shares during the quarter. Geode Capital Management LLC owned about 1.49% of Harley-Davidson worth $82,664,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Harley-Davidson by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,623,452 shares of the company’s stock worth $798,342,000 after purchasing an additional 232,373 shares in the last quarter. Vanguard Group Inc lifted its stake in Harley-Davidson by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 17,623,452 shares of the company’s stock worth $798,342,000 after purchasing an additional 232,373 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Harley-Davidson by 88.7% in the 4th quarter. Bank of New York Mellon Corp now owns 13,331,185 shares of the company’s stock worth $454,860,000 after purchasing an additional 6,264,678 shares in the last quarter. BlackRock Inc. raised its position in shares of Harley-Davidson by 0.5% during the 4th quarter. BlackRock Inc. now owns 10,863,182 shares of the company’s stock valued at $370,651,000 after buying an additional 53,565 shares during the period. Finally, Dodge & Cox raised its position in shares of Harley-Davidson by 13.2% during the 3rd quarter. Dodge & Cox now owns 9,767,376 shares of the company’s stock valued at $442,462,000 after buying an additional 1,141,650 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on HOG. Zacks Investment Research raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Wells Fargo & Co reduced their price target on shares of Harley-Davidson from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 18th. William Blair reaffirmed a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. ValuEngine lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Robert W. Baird reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, December 13th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and an average price target of $44.00.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, January 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). The firm had revenue of $955.63 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Harley-Davidson had a net margin of 9.30% and a return on equity of 30.76%. The firm’s revenue for the quarter was up 91173.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 EPS. Analysts predict that Harley-Davidson Inc will post 3.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 14th will be given a $0.375 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 13th. This represents a $1.50 dividend on an annualized basis and a yield of 4.29%. Harley-Davidson’s payout ratio is presently 39.68%.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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