Cornercap Investment Counsel Inc. Cuts Position in Harley-Davidson, Inc. (NYSE:HOG)

Cornercap Investment Counsel Inc. decreased its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 51.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,420 shares of the company’s stock after selling 7,717 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Harley-Davidson were worth $286,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HOG. Vanguard Group Inc. lifted its position in Harley-Davidson by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock worth $587,372,000 after acquiring an additional 452,536 shares during the period. LSV Asset Management lifted its position in Harley-Davidson by 17.3% during the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after acquiring an additional 842,407 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Harley-Davidson by 33.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 124,965 shares of the company’s stock worth $5,468,000 after acquiring an additional 31,205 shares during the period. GAMMA Investing LLC lifted its position in Harley-Davidson by 19.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after acquiring an additional 320 shares during the period. Finally, Cetera Investment Advisers lifted its position in Harley-Davidson by 70.6% during the 1st quarter. Cetera Investment Advisers now owns 72,828 shares of the company’s stock worth $3,185,000 after acquiring an additional 30,143 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Buying and Selling at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. The trade was a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HOG shares. Citigroup decreased their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $44.00 to $40.00 in a report on Wednesday, October 2nd. Bank of America decreased their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, UBS Group decreased their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Harley-Davidson currently has an average rating of “Hold” and an average price target of $42.57.

Harley-Davidson Stock Up 0.8 %

HOG opened at $32.90 on Monday. The business’s 50-day simple moving average is $35.09 and its 200-day simple moving average is $35.17. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. Harley-Davidson, Inc. has a one year low of $29.34 and a one year high of $44.16. The stock has a market capitalization of $4.19 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 0.44 and a beta of 1.46.

Harley-Davidson announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 19.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s dividend payout ratio is presently 15.54%.

Harley-Davidson Company Profile

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.