Harley-Davidson Inc (HOG) Stake Reduced by Sei Investments Co.

Sei Investments Co. lowered its stake in Harley-Davidson Inc (NYSE:HOG) by 13.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,811 shares of the company’s stock after selling 39,933 shares during the period. Sei Investments Co. owned approximately 0.15% of Harley-Davidson worth $ 15,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Parthenon LLC raised its position in shares of Harley-Davidson by 38.8% in the first quarter. Parthenon LLC now owns 8,224 shares of the company’s stock valued at $ 498,000 after buying an additional 2,300 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Harley-Davidson during the first quarter valued at $ 3,135,000. Teza Capital Management LLC bought a new position in shares of Harley-Davidson during the first quarter valued at $ 376,000. Appleton Group LLC bought a new position in shares of Harley-Davidson during the first quarter valued at $ 210,000. Finally, British Columbia Investment Management Corp raised its position in shares of Harley-Davidson by 6.2% in the first quarter. British Columbia Investment Management Corp now owns 79,387 shares of the company’s stock valued at $ 4,803,000 after buying an additional 4,611 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Harley-Davidson Inc (NYSE:HOG) traded up 0.13% during trading on Tuesday, reaching $ 54.11. 1,367,211 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $ 58.36 and its 200-day moving average price is $ 58.57. The stock has a market capitalization of $ 9.52 billion, a price-to-earnings ratio of 15.43 and a beta of 0.88. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $ 1.36 earnings per share. On average, equities analysts expect that Harley-Davidson Inc will post $ 3.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be given a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a yield of 2.70%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is 38.22%.

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HOG has been the topic of several research reports. Citigroup Inc lowered their price target on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada increased their price target on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $ 56.12.

About Harley-Davidson

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.

5 Day Chart for NYSE:HOG

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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