Commonwealth Equity Services LLC Cuts Stake in Harley-Davidson, Inc. (NYSE:HOG)

Commonwealth Equity Services LLC cut its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,684 shares of the company’s stock after selling 1,318 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Harley-Davidson were worth $1,105,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Proficio Capital Partners LLC purchased a new position in Harley-Davidson in the 4th quarter worth $1,341,000. Mork Capital Management LLC bought a new position in shares of Harley-Davidson during the third quarter valued at about $1,926,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Harley-Davidson in the fourth quarter worth about $1,898,000. Bank of New York Mellon Corp lifted its stake in shares of Harley-Davidson by 12.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after acquiring an additional 157,939 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after acquiring an additional 162,899 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares of the company’s stock, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

Harley-Davidson Price Performance

Shares of HOG stock opened at $25.26 on Tuesday. The business’s fifty day moving average is $26.21 and its 200 day moving average is $30.75. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 0.38 and a beta of 1.49. Harley-Davidson, Inc. has a twelve month low of $23.81 and a twelve month high of $43.89.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the previous year, the company earned $0.18 earnings per share. Research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.85%. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HOG. Morgan Stanley decreased their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. DA Davidson lowered their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Robert W. Baird dropped their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Citigroup lowered their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Finally, Bank of America dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.57.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.