Harley-Davidson, Inc. (HOG) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Harley-Davidson, Inc. (NYSE:HOG) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,661,387 shares of the company’s stock after buying an additional 137,921 shares during the period. Geode Capital Management LLC’s holdings in Harley-Davidson were worth $100,367,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HOG. Independent Advisor Alliance increased its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares in the last quarter. Wayne Hummer Investments L.L.C. acquired a new position in Harley-Davidson during the first quarter worth approximately $200,000. Stokes & Hubbell Capital Management LLC acquired a new position in Harley-Davidson during the first quarter worth approximately $201,000. Putnam Investments LLC acquired a new position in Harley-Davidson during the fourth quarter worth approximately $204,000. Finally, Appleton Group LLC acquired a new position in Harley-Davidson during the first quarter worth approximately $210,000. Institutional investors own 86.98% of the company’s stock.

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

Shares of Harley-Davidson, Inc. (NYSE:HOG) traded up 0.63% on Tuesday, hitting $55.80. 523,366 shares of the stock traded hands. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 15.91 and a beta of 0.81. Harley-Davidson, Inc. has a 52 week low of $41.63 and a 52 week high of $63.40. The stock has a 50 day moving average price of $54.00 and a 200-day moving average price of $57.68.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. Harley-Davidson had a net margin of 12.50% and a return on equity of 31.69%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities research analysts forecast that Harley-Davidson, Inc. will post $3.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Thursday, May 25th were given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is currently 41.60%.

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A number of equities analysts have recently commented on the stock. UBS AG restated a “neutral” rating and set a $57.00 price objective on shares of Harley-Davidson in a research note on Monday, April 17th. Barclays PLC restated an “equal weight” rating and set a $52.00 price objective (down from $53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Wedbush raised their target price on shares of Harley-Davidson from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research note on Thursday, April 6th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.53.

About Harley-Davidson

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HOG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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