Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Wealth Enhancement Advisory Services LLC cut its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,246 shares of the company’s stock after selling 952 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Harley-Davidson were worth $664,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after buying an additional 597 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after acquiring an additional 322 shares during the last quarter. GAMMA Investing LLC grew its position in Harley-Davidson by 19.0% in the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after acquiring an additional 320 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Harley-Davidson by 191.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company’s stock worth $133,000 after acquiring an additional 2,626 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Harley-Davidson during the second quarter valued at approximately $139,000. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Down 0.4 %

HOG stock opened at $33.22 on Friday. Harley-Davidson, Inc. has a 12 month low of $26.35 and a 12 month high of $44.16. The firm’s 50-day moving average is $35.65 and its 200 day moving average is $35.34. The company has a market capitalization of $4.37 billion, a PE ratio of 7.48, a P/E/G ratio of 0.41 and a beta of 1.46. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25.

Harley-Davidson announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 19.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Insider Activity

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday. Citigroup dropped their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Bank of America dropped their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Harley-Davidson currently has an average rating of “Moderate Buy” and a consensus price target of $42.57.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.