Harley-Davidson Inc (NYSE:HOG) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp trimmed its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,670 shares of the company’s stock after selling 1,350 shares during the quarter. Heritage Investors Management Corp’s holdings in Harley-Davidson were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Harley-Davidson by 3.2% during the 2nd quarter. BlackRock Inc. now owns 14,685,602 shares of the company’s stock valued at $526,185,000 after acquiring an additional 455,044 shares during the last quarter. Invesco Ltd. boosted its stake in Harley-Davidson by 1.8% during the 2nd quarter. Invesco Ltd. now owns 9,008,879 shares of the company’s stock valued at $322,789,000 after acquiring an additional 159,144 shares during the last quarter. Beutel Goodman & Co Ltd. boosted its stake in Harley-Davidson by 9.6% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 4,314,468 shares of the company’s stock valued at $118,043,000 after acquiring an additional 377,330 shares during the last quarter. Northern Trust Corp boosted its stake in Harley-Davidson by 2.9% during the 2nd quarter. Northern Trust Corp now owns 1,871,055 shares of the company’s stock valued at $67,039,000 after acquiring an additional 52,789 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Harley-Davidson by 2.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,768,084 shares of the company’s stock valued at $63,672,000 after acquiring an additional 45,066 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

A number of research analysts have commented on the stock. Robert W. Baird reduced their price objective on shares of Harley-Davidson from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research note on Friday, September 27th. Wedbush reduced their price objective on shares of Harley-Davidson from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus set a $39.00 price objective on shares of Harley-Davidson and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Longbow Research reiterated a “hold” rating on shares of Harley-Davidson in a research note on Thursday, January 9th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Harley-Davidson has a consensus rating of “Hold” and a consensus price target of $37.88.

Harley-Davidson stock opened at $35.64 on Wednesday. The firm’s 50-day moving average is $36.84 and its 200-day moving average is $35.79. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.97 and a current ratio of 1.11. Harley-Davidson Inc has a 1 year low of $30.17 and a 1 year high of $41.40. The company has a market cap of $5.38 billion, a P/E ratio of 9.43, a PEG ratio of 1.25 and a beta of 1.15.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. Harley-Davidson had a net margin of 7.55% and a return on equity of 28.84%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.83 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, sell-side analysts predict that Harley-Davidson Inc will post 3.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.21%. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.68%.

In other Harley-Davidson news, SVP Michelle Kumbier sold 22,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $37.07, for a total transaction of $815,540.00. Following the transaction, the senior vice president now owns 149 shares of the company’s stock, valued at approximately $5,523.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John A. Olin sold 44,465 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $36.91, for a total transaction of $1,641,203.15. Following the transaction, the chief financial officer now directly owns 102,965 shares in the company, valued at approximately $3,800,438.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,465 shares of company stock worth $2,778,503. Corporate insiders own 0.86% of the company’s stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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