Manufacturers’ Life Insurance Company cut its stake in Harley-Davidson (NYSE:HOG – Get Rating) by 12.5% in the third quarter, according to its latest 13F filing with the SEC. The institutional investor owned 108,226 shares in the company after selling 15,435 of his shares during the period. Manufacturers’ Life Insurance Company owned his 0.07% stake in Harley-Davidson worth $3,775,000 at the end of the most recent reporting period.
Other institutional investors have also changed positions in the company. BlackRock Inc. increased his position in Harley-Davidson by 1.5% in the first quarter. BlackRock Inc. now owns 12,727,257 shares of the company worth $514,454,000 after he purchased an additional 194,089 shares during this period. State Street Corp increased his Harley-Davidson stock position by 5.6% in the first quarter. State Street Corp now owns 4,111,284 shares worth $161,985,000 after he purchased an additional 216,545 shares during this period. Goldman Sachs Group Inc. increased its position in Harley-Davidson stock by 11.0% in the second quarter. Goldman Sachs Group Inc. now owns 2,036,664 shares worth $64,480,000 after purchasing an additional 201,500 shares during this period. Invesco Ltd. increased its position in Harley-Davidson stock by 4.3% in the first quarter. Invesco Ltd. now owns 1,968,282 shares worth $77,549,000 after purchasing an additional 81,528 shares during this period. Finally, Brown Advisory Inc. increased its position in Harley-Davidson stock by 7.0% in the second quarter. Brown Advisory Inc. now owns 1,749,843 shares worth $55,400,000 after purchasing an additional 114,320 shares during this period. 83.96% of the shares are owned by institutional investors.
Wall Street analyst opinion
Recently, a number of research firms have published reports on HOG. Jefferies Financial Group began covering Harley-Davidson in an investigative report on Tuesday, November 15th. They set an “underperform” rating and a price target of $39.00. StockNews.com downgraded Harley-Davidson from ‘Buy’ to ‘Hold’ in its research notes on Friday, January 20. Robert W. Baird raised his price target for Harley-Davidson from his $45.00 to his $48.00 in research notes on Friday, October 28th. DA Davidson has raised Harley-Davidson’s price target from $42.00 to $44.00, giving the company a “neutral” rating in a research note on Thursday, Dec. 22. Finally, Morgan Stanley raised its price target for Harley-Davidson from $40.00 to $43.00, giving the company an “equal weight” rating in its research notes on Monday, November 7. One analyst issued a sell rating, five analysts issued a hold rating, and four analysts issued a buy rating on the company’s stock. According to MarketBeat data, the current consensus rating for the stock is Hold, with an average target price of $48.13.
Harley-Davidson price-performance ratio
Harley-Davidson shares Thursday opened at $46.72. The company has a market capitalization of $6.83 billion, a P/E ratio of 9.67, a P/E/G ratio of 1.02 and a beta of 1.36. Harley-Davidson, Inc. has a 52-week low of $29.80 and a 52-week high of $48.72. The company has a debt to equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.36. His 50-day moving average for this business is $44.32 and his 200-day moving average is $41.29.
Harley-Davidson Announces Dividend
The company recently announced a quarterly dividend, which was paid out on Friday, December 23rd. Shareholders of record on Friday, December 9 were awarded a dividend of $0.1575 per share. The ex-dividend date for this dividend was Thursday, December 8. This represents his $0.63 dividend and his 1.35% dividend yield on an annual basis. Harley-Davidson’s payout ratio is currently 13.04%.
About Harley-Davidson
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Harley-Davidson, Inc. manufactures and sells custom, cruiser and touring bikes. It operates through the following segments: Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment manufactures, designs and wholesales on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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