FDO Partners LLC cut its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 62.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,189 shares of the company’s stock after selling 28,716 shares during the period. FDO Partners LLC’s holdings in Harley-Davidson were worth $829,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of HOG. Louisiana State Employees Retirement System raised its stake in shares of Harley-Davidson by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after purchasing an additional 100 shares in the last quarter. Aperio Group LLC raised its stake in shares of Harley-Davidson by 2.2% in the 2nd quarter. Aperio Group LLC now owns 52,973 shares of the company’s stock valued at $2,862,000 after acquiring an additional 1,155 shares in the last quarter. ING Groep NV bought a new position in shares of Harley-Davidson in the 2nd quarter valued at approximately $483,000. Strs Ohio raised its stake in shares of Harley-Davidson by 0.6% in the 2nd quarter. Strs Ohio now owns 97,932 shares of the company’s stock valued at $5,290,000 after acquiring an additional 571 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Harley-Davidson by 5.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 9,855 shares of the company’s stock valued at $532,000 after acquiring an additional 500 shares in the last quarter. 96.33% of the stock is owned by institutional investors.
Shares of Harley-Davidson, Inc. (HOG) traded down $0.17 during mid-day trading on Monday, reaching $50.03. The company had a trading volume of 2,514,500 shares, compared to its average volume of 2,260,588. 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 firm has a market cap of $8,419.81, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. Harley-Davidson, Inc. has a twelve month low of $44.52 and a twelve month high of $63.40.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, December 14th. Harley-Davidson’s dividend payout ratio is 45.63%.
In other Harley-Davidson news, Director Jochen Zeitz sold 1,859 shares of Harley-Davidson stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $88,860.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lawrence G. Hund sold 8,660 shares of Harley-Davidson stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total value of $405,980.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,726 shares of company stock worth $2,816,641. 0.70% of the stock is owned by insiders.
A number of analysts have issued reports on HOG shares. Morgan Stanley lowered their target price on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, August 14th. Aegis started coverage on Harley-Davidson in a report on Monday, August 28th. They issued a “hold” rating and a $49.00 target price on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Harley-Davidson in a report on Thursday, August 31st. BMO Capital Markets reissued a “buy” rating and set a $56.00 price objective on shares of Harley-Davidson in a report on Friday, September 8th. Finally, UBS reissued a “hold” rating and set a $47.00 price objective on shares of Harley-Davidson in a report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $52.50.
Harley-Davidson Company Profile
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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