Concert Wealth Management Inc. reduced its stake in shares of Harley-Davidson Inc. (NYSE:HOG) by 58.0% during the second quarter, Holdings Channel reports. The institutional investor owned 4,949 shares of the company’s stock after selling 6,822 shares during the period. Concert Wealth Management Inc.’s holdings in Harley-Davidson were worth $224,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. LPL Financial LLC raised its stake in Harley-Davidson by 2.2% in the first quarter. LPL Financial LLC now owns 48,505 shares of the company’s stock valued at $2,419,000 after buying an additional 1,053 shares in the last quarter. Moore Capital Management LP acquired a new stake in Harley-Davidson during the first quarter valued at approximately $8,983,000. Natixis acquired a new stake in Harley-Davidson during the first quarter valued at approximately $6,101,000. Envestnet Asset Management Inc. raised its stake in Harley-Davidson by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 15,264 shares of the company’s stock valued at $784,000 after buying an additional 919 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Harley-Davidson during the first quarter valued at approximately $538,000. Institutional investors and hedge funds own 94.90% of the company’s stock.
Harley-Davidson Inc. (NYSE:HOG) traded down 1.17% during trading on Friday, reaching $49.83. 2,193,700 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $51.61 and a 200 day moving average price of $49.01. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 13.26 and a beta of 1.05. Harley-Davidson Inc. has a 52 week low of $36.36 and a 52 week high of $57.33.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts forecast that Harley-Davidson Inc. will post $3.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were issued a $0.35 dividend. The ex-dividend date was Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. Harley-Davidson’s payout ratio is 36.65%.
Several equities research analysts have recently commented on the stock. Vetr lowered shares of Harley-Davidson from a “hold” rating to a “strong sell” rating and set a $46.00 price target for the company. in a report on Tuesday, July 5th. Robert W. Baird lowered shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research note on Tuesday, July 5th. UBS AG reiterated a “neutral” rating and set a $55.00 price objective on shares of Harley-Davidson in a research note on Sunday, August 14th. Wedbush reiterated a “neutral” rating and set a $48.00 price objective (up previously from $40.00) on shares of Harley-Davidson in a research note on Thursday, August 25th. Finally, Citigroup Inc. boosted their price objective on shares of Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $51.16.
In other news, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction on Friday, August 5th. The shares were sold at an average price of $53.23, for a total value of $667,344.51. Following the transaction, the insider now directly owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction on Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by 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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