The Harley-Davidson, Inc. (HOG) Stake Raised by Concert Wealth Management Inc.

Concert Wealth Management Inc. raised its stake in Harley-Davidson, Inc. (NYSE:HOG) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 4,977 shares of the company’s stock after buying an additional 28 shares during the period. Concert Wealth Management Inc.’s holdings in Harley-Davidson were worth $ 261,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mizuho Asset Management Co. Ltd. increased its stake in shares of Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock valued at $ 113,000 after buying an additional 929 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock valued at $ 141,000 after buying an additional 2,417 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock valued at $ 164,000 after buying an additional 247 shares in the last quarter. Tredje AP fonden increased its stake in shares of Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock valued at $ 174,000 after buying an additional 3,590 shares in the last quarter. Finally, Cutler Capital Management LLC increased its stake in shares of Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock valued at $ 181,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 91.48% of the company’s stock.

Harley-Davidson, Inc. (NYSE:HOG) traded down 0.92% during midday trading on Friday, reaching $ 59.10. The company had a trading volume of 1,824,794 shares. The stock has a market capitalization of $ 10.55 billion, a price-to-earnings ratio of 15.82 and a beta of 0.95. Harley-Davidson, Inc. has a one year low of $ 36.36 and a one year high of $ 62.35. The company has a 50-day moving average price of $ 59.67 and a 200-day moving average price of $ 53.94.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $ 0.64 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $ 0.64. The company earned $ 1.27 billion during the quarter, compared to analyst estimates of $ 1.09 billion. Harley-Davidson had a return on equity of 35.49% and a net margin of 12.86%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $ 0.69 earnings per share. On average, equities analysts expect that Harley-Davidson, Inc. will post $ 3.87 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were paid a dividend of $ 0.35 per share. This represents a $ 1.40 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, December 14th. Harley-Davidson’s dividend payout ratio is 37.14%.

Several analysts recently weighed in on HOG shares. Vetr upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $ 53.25 price objective for the company in a research report on Wednesday, September 14th. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $ 67.00 price objective for the company in a research report on Monday, December 5th. Wunderlich restated a “hold” rating and set a $ 52.00 price objective on shares of Harley-Davidson in a research report on Tuesday, October 18th. Stifel Nicolaus restated a “hold” rating and set a $ 50.00 price objective on shares of Harley-Davidson in a research report on Friday, October 14th. Finally, UBS AG restated a “hold” rating on shares of Harley-Davidson in a research report on Friday, October 14th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and an average price target of $ 54.47.

In related news, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $ 56.13, for a total transaction of $ 5,613,000.00. Following the completion of the sale, the director now owns 5,523 shares of the company’s stock, valued at $ 310,005.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joanne M. Bischmann sold 5,037 shares of Harley-Davidson stock in a transaction on Monday, November 14th. The shares were sold at an average price of $ 60.00, for a total value of $ 302,220.00. Following the sale, the vice president now directly owns 6,771 shares of the company’s stock, valued at approximately $ 406,260. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.

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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.

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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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