JPMorgan Chase & Co. lowered its stake in Harley-Davidson Inc. (NYSE:HOG) by 40.4% during the second quarter, Holdings Channel reports. The institutional investor owned 116,240 shares of the company’s stock after selling 78,794 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Harley-Davidson worth $5,266,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in HOG. Moore Capital Management LP bought a new position in Harley-Davidson during the first quarter valued at $8,983,000. Natixis bought a new position in Harley-Davidson during the first quarter valued at $6,101,000. Envestnet Asset Management Inc. raised its position 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 during the period. Bayesian Capital Management LP bought a new position in Harley-Davidson during the first quarter valued at $538,000. Finally, National Pension Service raised its position in Harley-Davidson by 4.6% in the first quarter. National Pension Service now owns 138,247 shares of the company’s stock valued at $7,096,000 after buying an additional 6,034 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.
Harley-Davidson Inc. (NYSE:HOG) traded down 0.76% on Thursday, reaching $49.81. 1,179,493 shares of the company traded hands. Harley-Davidson Inc. has a 52-week low of $36.36 and a 52-week high of $57.33. The company has a market capitalization of $9.00 billion, a PE ratio of 13.25 and a beta of 1.05. The stock has a 50-day moving average of $51.79 and a 200 day moving average of $48.98.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The firm earned $1.86 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. On average, equities analysts forecast that Harley-Davidson Inc. will post $3.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, September 9th. Harley-Davidson’s dividend payout ratio is currently 36.65%.
HOG has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. lowered Harley-Davidson from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $50.00 in a research note on Thursday, June 23rd. Vetr lowered Harley-Davidson from a “hold” rating to a “strong sell” rating and set a $46.00 price objective on the stock. in a research note on Tuesday, July 5th. Citigroup Inc. lifted their price objective on Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a research note on Tuesday, July 5th. Finally, Wells Fargo & Co. lowered Harley-Davidson from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $51.16.
In related news, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $53.23, for a total transaction of $667,344.51. Following the transaction, the insider now owns 16,922 shares in the company, valued at $900,758.06. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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