Commonwealth Equity Services LLC Sells 1,318 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Commonwealth Equity Services LLC cut its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,684 shares of the company’s stock after selling 1,318 shares during the period. Commonwealth Equity Services LLC’s holdings in Harley-Davidson were worth $1,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOG. Pacer Advisors Inc. increased its stake in Harley-Davidson by 30.7% in the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after buying an additional 1,285,225 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Harley-Davidson during the fourth quarter worth $18,802,000. Hotchkis & Wiley Capital Management LLC boosted its position in Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock worth $15,207,000 after purchasing an additional 334,830 shares during the last quarter. Barclays PLC grew its stake in Harley-Davidson by 135.7% in the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after purchasing an additional 162,899 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after purchasing an additional 157,939 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Up 0.5 %

HOG stock opened at $25.26 on Tuesday. The stock has a 50-day simple moving average of $26.21 and a two-hundred day simple moving average of $30.75. Harley-Davidson, Inc. has a twelve month low of $23.81 and a twelve month high of $43.89. The firm has a market capitalization of $3.15 billion, a PE ratio of 7.58, a PEG ratio of 0.38 and a beta of 1.49. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the prior year, the business posted $0.18 EPS. On average, equities analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.85%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson’s payout ratio is presently 21.62%.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HOG. Morgan Stanley decreased their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Citigroup lowered their price target on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Robert W. Baird decreased their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. DA Davidson lowered their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Finally, UBS Group lowered their price objective on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.57.

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.