Wells Fargo & Company MN lowered its stake in Harley-Davidson Inc (NYSE:HOG) by 21.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 365,356 shares of the company’s stock after selling 102,091 shares during the period. Wells Fargo & Company MN owned approximately 0.22% of Harley-Davidson worth $18,590,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of HOG. Steward Partners Investment Advisory LLC bought a new position in Harley-Davidson in the third quarter valued at about $166,000. IFG Advisory LLC bought a new position in Harley-Davidson in the fourth quarter valued at about $239,000. IFM Investors Pty Ltd bought a new position in Harley-Davidson in the third quarter valued at about $280,000. Caisse DE Depot ET Placement DU Quebec grew its position in Harley-Davidson by 22.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock valued at $294,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Commerce Bank grew its position in Harley-Davidson by 41.7% in the third quarter. Commerce Bank now owns 7,112 shares of the company’s stock valued at $343,000 after acquiring an additional 2,092 shares during the last quarter. Institutional investors own 95.87% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE HOG) opened at $44.35 on Monday. Harley-Davidson Inc has a 12 month low of $43.40 and a 12 month high of $63.40. The company has a market capitalization of $7,469.15, a PE ratio of 14.88, a PEG ratio of 1.47 and a beta of 0.86. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.06 and a current ratio of 1.23.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Wednesday, February 14th were paid a $0.37 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Tuesday, February 13th. Harley-Davidson’s payout ratio is currently 49.66%.
Harley-Davidson declared that its board has approved a share buyback program on Monday, February 5th that authorizes the company to repurchase 15,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
A number of research firms have issued reports on HOG. Citigroup decreased their target price on Harley-Davidson from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Zacks Investment Research cut Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Wells Fargo & Co decreased their target price on Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Stifel Nicolaus decreased their target price on Harley-Davidson from $54.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $52.00.
In related news, VP Tchernavia Rocker sold 1,401 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $47.74, for a total value of $66,883.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Paul J. Jones sold 870 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $47.62, for a total value of $41,429.40. Following the completion of the transaction, the vice president now directly owns 3,399 shares in the company, valued at $161,860.38. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.
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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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