Livforsakringsbolaget Skandia Omsesidigt cut its position in shares of Harley-Davidson Inc (NYSE:HOG) by 57.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,767 shares of the company’s stock after selling 11,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Harley-Davidson were worth $ 531,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Municipal Employees Retirement System of Michigan increased its stake in Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock worth $ 302,000 after buying an additional 20 shares during the period. JPMorgan Chase & Co. increased its stake in Harley-Davidson by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 121,899 shares of the company’s stock worth $ 6,410,000 after buying an additional 5,659 shares during the period. Todd Asset Management LLC increased its stake in Harley-Davidson by 7.2% in the third quarter. Todd Asset Management LLC now owns 286,060 shares of the company’s stock worth $ 15,044,000 after buying an additional 19,206 shares during the period. Stratos Wealth Partners LTD. increased its stake in Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock worth $ 2,058,000 after buying an additional 665 shares during the period. Finally, Independent Franchise Partners LLP increased its stake in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares during the period. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Harley-Davidson Inc (NYSE:HOG) traded down 0.523% during trading on Tuesday, reaching $ 56.095. The company had a trading volume of 515,563 shares. The company has a 50-day moving average price of $ 59.76 and a 200 day moving average price of $ 58.51. The stock has a market cap of $ 9.87 billion, a PE ratio of 15.995 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 issued 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 business earned $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $ 1.36 earnings per share. On average, analysts anticipate that Harley-Davidson Inc will post $ 3.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be given a $ 0.365 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.59%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
A number of analysts have commented on the company. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. Royal Bank of Canada boosted their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $ 49.00 target price on shares of Harley-Davidson in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and an average price target of $ 56.12.
In other news, SVP Michelle Kumbier sold 3,049 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the firm’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the completion of the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,960 shares of company stock valued at $ 5,912,378. 0.99% of the stock is currently owned by 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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