IFP Advisors Inc decreased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,905 shares of the company’s stock after selling 239 shares during the period. IFP Advisors Inc’s holdings in Harley-Davidson were worth $ 418,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. raised its stake in Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock worth $ 178,000 after buying an additional 1,853 shares during the period. Stokes & Hubbell Capital Management LLC bought a new stake in Harley-Davidson during the first quarter worth $ 201,000. Cpcm LLC bought a new stake in Harley-Davidson during the fourth quarter worth $ 203,000. Putnam Investments LLC bought a new stake in Harley-Davidson during the fourth quarter worth $ 204,000. Finally, Loudon Investment Management LLC bought a new stake in Harley-Davidson during the fourth quarter worth $ 222,000. 89.54% of the stock is owned by hedge funds and other institutional investors.
Harley-Davidson Inc (NYSE:HOG) traded down 1.55% during midday trading on Wednesday, hitting $ 55.24. The company had a trading volume of 944,447 shares. The stock has a market capitalization of $ 9.72 billion, a PE ratio of 15.75 and a beta of 0.88. The stock has a 50 day moving average price of $ 59.63 and a 200-day moving average price of $ 58.55. Harley-Davidson Inc has a 52 week low of $ 41.63 and a 52 week high of $ 63.40.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the prior year, the company posted $ 1.36 EPS. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities analysts predict 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. Investors of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a 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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A number of analysts recently commented on HOG shares. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. Barclays PLC reaffirmed an “equal weight” rating and issued a $ 52.00 price target (down previously from $ 53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Royal Bank of Canada dropped their price target on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 19th. Citigroup Inc dropped their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Finally, Wedbush dropped their price target on Harley-Davidson from $ 55.00 to $ 53.00 and set a “neutral” rating for the company in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $ 56.12.
In other news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $ 5,912,378 over the last ninety days. 0.99% of the stock is currently owned by corporate insiders.
Harley-Davidson Company Profile
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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