Prudential Financial Inc. lessened its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,071 shares of the company’s stock after selling 2,340 shares during the period. Prudential Financial Inc. owned about 0.14% of Harley-Davidson worth $13,077,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in HOG. Vanguard Group Inc. boosted its stake in shares of Harley-Davidson by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock worth $1,053,712,000 after buying an additional 534,966 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Harley-Davidson by 2,897.2% during the 1st quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock worth $639,479,000 after buying an additional 10,217,239 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in shares of Harley-Davidson by 0.6% during the 2nd quarter. Independent Franchise Partners LLP now owns 5,285,536 shares of the company’s stock worth $285,524,000 after buying an additional 33,969 shares during the last quarter. Morgan Stanley boosted its stake in shares of Harley-Davidson by 10.1% during the 1st quarter. Morgan Stanley now owns 3,533,329 shares of the company’s stock worth $213,767,000 after buying an additional 322,982 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Harley-Davidson by 4.3% during the 1st quarter. Wellington Management Group LLP now owns 3,480,613 shares of the company’s stock worth $210,576,000 after buying an additional 144,255 shares during the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.
Harley-Davidson, Inc. (NYSE:HOG) opened at 47.38 on Monday. The company has a 50-day moving average of $47.70 and a 200-day moving average of $54.08. Harley-Davidson, Inc. has a 52 week low of $45.53 and a 52 week high of $63.40. The company has a market capitalization of $8.26 billion, a PE ratio of 13.87 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the company posted $1.55 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.08%. The ex-dividend date is Monday, September 11th. Harley-Davidson’s dividend payout ratio is presently 42.44%.
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A number of research firms have recently commented on HOG. BMO Capital Markets restated a “buy” rating and set a $56.00 price objective on shares of Harley-Davidson in a research note on Friday. KeyCorp restated a “sector weight” rating on shares of Harley-Davidson in a research note on Thursday, August 31st. Aegis began 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 for the company. Morgan Stanley reduced their price objective on shares of Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating for the company in a research note on Monday, August 14th. Finally, ValuEngine downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have given a buy rating to the company’s stock. Harley-Davidson has a consensus rating of “Hold” and an average price target of $54.50.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the sale, the insider now directly owns 23,673 shares in the company, valued at approximately $1,116,892.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.
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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