Allianz Asset Management GmbH decreased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,729 shares of the company’s stock after selling 2,666 shares during the quarter. Allianz Asset Management GmbH’s holdings in Harley-Davidson were worth $951,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Harley-Davidson by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock worth $955,294,000 after acquiring an additional 267,352 shares during the period. Capital Research Global Investors boosted its holdings in Harley-Davidson by 605.1% during the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock worth $903,895,000 after buying an additional 14,359,571 shares in the last quarter. BlackRock Inc. lifted its holdings in Harley-Davidson by 1.5% during the second quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after purchasing an additional 154,675 shares in the last quarter. Independent Franchise Partners LLP lifted its holdings in Harley-Davidson by 53.3% during the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after purchasing an additional 2,815,749 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Harley-Davidson by 1.0% during the second quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock valued at $218,462,000 after purchasing an additional 39,699 shares in the last quarter. Hedge funds and other institutional investors own 97.18% of the company’s stock.
Several equities analysts have issued reports on HOG shares. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Longbow Research downgraded shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 3rd. Wedbush set a $45.00 price objective on shares of Harley-Davidson and gave the stock a “hold” rating in a research report on Sunday, October 8th. BMO Capital Markets restated a “buy” rating and set a $56.00 price objective on shares of Harley-Davidson in a research report on Friday, October 13th. Finally, Goldman Sachs Group restated a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 15th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. Harley-Davidson has a consensus rating of “Hold” and an average price target of $52.82.
In other news, Director Jochen Zeitz sold 1,859 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total transaction of $88,860.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew S. Levatich sold 19,447 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the sale, the chief executive officer now directly owns 88,646 shares of the company’s stock, valued at approximately $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 worth $2,816,641. 0.70% of the stock is owned by insiders.
Harley-Davidson Inc (NYSE HOG) opened at $54.41 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. Harley-Davidson Inc has a 12 month low of $44.52 and a 12 month high of $63.40. The firm has a market cap of $9,160.00, a price-to-earnings ratio of 17.06, a PEG ratio of 1.62 and a beta of 0.96.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a net margin of 5.93% and a return on equity of 14.02%. The business had revenue of $962.10 million for the quarter, compared to analysts’ expectations of $959.41 million. During the same period in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. research analysts predict that Harley-Davidson Inc will post 3.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.365 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a yield of 2.68%. Harley-Davidson’s dividend payout ratio (DPR) is 45.77%.
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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