Osborn Williams & Donohoe LLC cut its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 15,273 shares of the company’s stock after selling 460 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Harley-Davidson were worth $891,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Harris Associates L P boosted its stake in shares of Harley-Davidson by 163.3% in the second quarter. Harris Associates L P now owns 7,918,594 shares of the company’s stock valued at $358,713,000 after buying an additional 4,911,620 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Harley-Davidson by 46.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,702,359 shares of the company’s stock valued at $530,116,000 after buying an additional 3,703,199 shares during the last quarter. WBI Investments Inc. purchased a new stake in shares of Harley-Davidson during the second quarter valued at approximately $68,063,000. Kiltearn Partners LLP purchased a new stake in shares of Harley-Davidson during the second quarter valued at approximately $66,577,000. Finally, Schroder Investment Management Group boosted its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock valued at $70,408,000 after buying an additional 1,111,788 shares during the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.
Shares of Harley-Davidson, Inc. (NYSE:HOG) traded down 0.73% during mid-day trading on Wednesday, reaching $58.52. The company’s stock had a trading volume of 1,565,350 shares. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 15.67 and a beta of 0.95. Harley-Davidson, Inc. has a 52-week low of $36.36 and a 52-week high of $62.35. The firm has a 50 day moving average price of $59.48 and a 200 day moving average price of $54.68.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.64. The firm earned $1.27 billion during the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 35.49% and a net margin of 12.86%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. On average, equities analysts predict that Harley-Davidson, Inc. will post $3.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were paid a $0.35 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.39%. Harley-Davidson’s dividend payout ratio is 37.14%.
A number of equities research analysts have issued reports on HOG shares. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. RBC Capital Markets raised Harley-Davidson from an “underperform” rating to a “sector perform” rating and upped their target price for the stock from $46.00 to $57.00 in a research report on Tuesday, November 15th. Jefferies Group started coverage on Harley-Davidson in a research report on Friday, September 30th. They set a “hold” rating and a $49.00 target price for the company. Royal Bank Of Canada raised Harley-Davidson from an “underperform” rating to a “sector perform” rating and upped their target price for the stock from $46.00 to $57.00 in a research report on Tuesday, November 15th. Finally, Stifel Nicolaus upped their target price on Harley-Davidson from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, October 20th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $54.74.
In other news, insider Lawrence G. Hund sold 28,271 shares of Harley-Davidson stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $60.00, for a total transaction of $1,696,260.00. Following the completion of the transaction, the insider now directly owns 25,438 shares in the company, valued at approximately $1,526,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joanne M. Bischmann sold 5,037 shares of Harley-Davidson stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $60.00, for a total value of $302,220.00. Following the transaction, the vice president now owns 6,771 shares of the company’s stock, valued at $406,260. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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