Swiss National Bank Sells 19,600 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Swiss National Bank lessened its holdings in Harley-Davidson, Inc. (NYSE:HOGGet Rating) by 5.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 344,300 shares of the company’s stock after selling 19,600 shares during the period. Swiss National Bank’s holdings in Harley-Davidson were worth $10,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of Harley-Davidson in the 1st quarter worth about $31,000. CX Institutional bought a new stake in shares of Harley-Davidson in the 2nd quarter worth about $40,000. Tradition Wealth Management LLC grew its holdings in shares of Harley-Davidson by 120.8% in the 1st quarter. Tradition Wealth Management LLC now owns 1,340 shares of the company’s stock worth $53,000 after purchasing an additional 733 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Harley-Davidson by 1,144.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock worth $54,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Harley-Davidson by 74.7% in the 1st quarter. Covestor Ltd now owns 1,660 shares of the company’s stock worth $65,000 after purchasing an additional 710 shares during the last quarter. Institutional investors own 87.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HOG has been the topic of several analyst reports. StockNews.com lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Jefferies Financial Group started coverage on shares of Harley-Davidson in a report on Tuesday, November 15th. They set an “underperform” rating and a $39.00 price objective on the stock. DA Davidson increased their price objective on shares of Harley-Davidson from $36.00 to $42.00 in a report on Thursday, October 27th. Robert W. Baird increased their price objective on shares of Harley-Davidson from $45.00 to $48.00 in a report on Friday, October 28th. Finally, Morgan Stanley increased their price objective on shares of Harley-Davidson from $40.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.00.

Harley-Davidson Stock Performance

Harley-Davidson stock opened at $47.55 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Harley-Davidson, Inc. has a 1 year low of $29.80 and a 1 year high of $48.72. The company has a market cap of $6.95 billion, a PE ratio of 9.84, a PEG ratio of 1.09 and a beta of 1.35. The company’s 50-day moving average is $40.30 and its two-hundred day moving average is $37.29.

Harley-Davidson (NYSE:HOGGet Rating) last released its earnings results on Wednesday, October 26th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.33. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. Harley-Davidson had a net margin of 13.29% and a return on equity of 27.44%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Equities analysts anticipate that Harley-Davidson, Inc. will post 4.71 earnings per share for the current year.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.32%. Harley-Davidson’s dividend payout ratio is 13.04%.

Insider Activity at Harley-Davidson

In other news, President and CEO ZEITZ JOCHEN purchased 25,750 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average cost of $38.94 per share, for a total transaction of $1,002,705.00. Following the transaction, the insider now directly owns 508,870 shares of the company’s stock, valued at approximately $19,815,397.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

About Harley-Davidson

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Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

Further Reading

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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