Bank of New York Mellon Corp lifted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 18.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,183,477 shares of the company’s stock after buying an additional 488,628 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.89% of Harley-Davidson worth $153,476,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in HOG. Northwestern Mutual Wealth Management Co. boosted its holdings in Harley-Davidson by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock worth $384,000 after purchasing an additional 66 shares during the period. Contravisory Investment Management Inc. boosted its holdings in shares of Harley-Davidson by 1.7% during the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after acquiring an additional 72 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Harley-Davidson by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $589,000 after acquiring an additional 100 shares during the period. Annex Advisory Services LLC boosted its holdings in shares of Harley-Davidson by 2.5% during the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after acquiring an additional 102 shares during the period. Finally, Norinchukin Bank The boosted its holdings in shares of Harley-Davidson by 0.3% during the second quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock valued at $2,156,000 after acquiring an additional 127 shares during the period. 96.33% of the stock is owned by institutional investors and hedge funds.
Shares of Harley-Davidson, Inc. (HOG) traded up $0.24 during midday trading on Wednesday, hitting $50.88. The company had a trading volume of 2,109,135 shares, compared to its average volume of 2,269,848. Harley-Davidson, Inc. has a 1-year low of $44.52 and a 1-year high of $63.40. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. The company has a market cap of $8,719.37, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The firm had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. During the same period in the previous year, the company earned $0.64 EPS. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. analysts predict that Harley-Davidson, Inc. will post 3.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.46 annualized dividend and a yield of 2.87%. Harley-Davidson’s dividend payout ratio (DPR) is currently 45.63%.
Several equities analysts have recently issued reports on HOG shares. UBS reissued a “hold” rating and set a $47.00 price target on shares of Harley-Davidson in a report on Wednesday, September 13th. Aegis initiated coverage on shares of Harley-Davidson in a research note on Monday, August 28th. They set a “hold” rating and a $49.00 price objective on the stock. Zacks Investment Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 19th. BMO Capital Markets reiterated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a research report on Friday, September 8th. Finally, Argus upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.50.
In other news, Director Jochen Zeitz sold 1,859 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total transaction of $88,860.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Levatich sold 19,447 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the transaction, the chief executive officer now owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,726 shares of company stock valued at $2,816,641. Corporate insiders own 0.70% of the company’s stock.
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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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