AKO Capital LLP acquired a new stake in Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 435,298 shares of the company’s stock, valued at approximately $ 26,336,000. Harley-Davidson comprises approximately 2.4% of AKO Capital LLP’s holdings, making the stock its 18th largest position. AKO Capital LLP owned about 0.25% of Harley-Davidson as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Dodge & Cox bought a new stake in shares of Harley-Davidson during the fourth quarter valued at $ 517,798,000. Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares in the last quarter. State Street Corp increased its stake in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares in the last quarter. LSV Asset Management increased its stake in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock valued at $ 242,267,000 after buying an additional 80,843 shares in the last quarter. Finally, Kiltearn Partners LLP increased its stake in shares of Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock valued at $ 155,120,000 after buying an additional 183,300 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded up 0.94% during trading on Wednesday, reaching $ 56.75. 1,106,090 shares of the company’s stock traded hands. The company has a 50 day moving average of $ 58.92 and a 200-day moving average of $ 58.62. The company has a market capitalization of $ 9.99 billion, a price-to-earnings ratio of 16.18 and a beta of 0.88. Harley-Davidson Inc has a 1-year low of $ 41.63 and a 1-year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period in the previous year, the business earned $ 1.36 earnings per share. The company’s revenue was down 15.7% on a year-over-year basis. Equities analysts predict that Harley-Davidson Inc will post $ 3.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is currently 38.22%.
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HOG has been the subject of several recent analyst reports. Citigroup Inc reduced their price objective on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Argus restated a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada boosted their price objective on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. Deutsche Bank AG restated a “hold” rating and set a $ 50.00 price objective (down previously from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Stifel Nicolaus restated a “hold” rating and set a $ 63.00 price objective (up previously from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $ 56.12.
In related news, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.99% of the stock is owned by insiders.
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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