American International Group Inc. decreased its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 14.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,863 shares of the company’s stock after selling 8,304 shares during the quarter. American International Group Inc.’s holdings in Harley-Davidson were worth $2,452,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Harley-Davidson by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock valued at $384,000 after purchasing an additional 66 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in Harley-Davidson by 2.5% during the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after purchasing an additional 102 shares during the last quarter. Norinchukin Bank The lifted its holdings in Harley-Davidson by 0.3% during the 2nd quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock valued at $2,156,000 after purchasing an additional 127 shares during the last quarter. Veritable L.P. lifted its holdings in Harley-Davidson by 1.0% during the 2nd quarter. Veritable L.P. now owns 13,842 shares of the company’s stock valued at $748,000 after purchasing an additional 138 shares during the last quarter. Finally, Geneva Advisors LLC lifted its holdings in Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after purchasing an additional 200 shares during the last quarter. 96.33% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Matthew S. Levatich sold 19,447 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the transaction, the chief executive officer now owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jochen Zeitz sold 1,859 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total value of $88,860.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,726 shares of company stock valued at $2,816,641. 0.70% of the stock is owned by insiders.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. The business had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. Harley-Davidson’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. analysts anticipate that Harley-Davidson Inc will post 3.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, December 14th. Harley-Davidson’s dividend payout ratio (DPR) is presently 45.63%.
A number of equities research analysts have recently weighed in on the company. Goldman Sachs Group reissued a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Aegis assumed coverage on Harley-Davidson in a report on Monday, August 28th. They set a “hold” rating and a $49.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $48.00 target price (down previously from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Friday, October 20th. Finally, Wedbush reissued a “neutral” rating and set a $45.00 target price on shares of Harley-Davidson in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and an average target price of $52.75.
Harley-Davidson Company Profile
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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