Wipfli Financial Advisors LLC Invests $102,000 in Harley-Davidson, Inc. (NYSE:HOG)

Wipfli Financial Advisors LLC acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOGGet Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,917 shares of the company’s stock, valued at approximately $102,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOG. Lazard Asset Management LLC bought a new stake in shares of Harley-Davidson during the 1st quarter worth approximately $31,000. CX Institutional bought a new stake in shares of Harley-Davidson during the 2nd quarter worth approximately $40,000. Brown Brothers Harriman & Co. raised its stake in shares of Harley-Davidson by 1,144.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock worth $54,000 after purchasing an additional 1,270 shares in the last quarter. Covestor Ltd raised its stake in shares of Harley-Davidson by 74.7% during the 1st quarter. Covestor Ltd now owns 1,660 shares of the company’s stock worth $65,000 after purchasing an additional 710 shares in the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in Harley-Davidson in the 2nd quarter valued at $67,000. Institutional investors own 83.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Harley-Davidson from $45.00 to $48.00 in a research note on Friday, October 28th. Morgan Stanley increased their price target on Harley-Davidson from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, November 7th. StockNews.com cut Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. Jefferies Financial Group assumed coverage on Harley-Davidson in a research note on Tuesday, November 15th. They issued an “underperform” rating and a $39.00 price target on the stock. Finally, Citigroup set a $49.00 price target on Harley-Davidson in a research note on Wednesday, November 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.13.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $43.74 on Wednesday. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.99 and a beta of 1.36. Harley-Davidson, Inc. has a one year low of $29.80 and a one year high of $48.72. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.36 and a quick ratio of 1.18. The stock’s fifty day moving average price is $44.85 and its two-hundred day moving average price is $39.93.

Harley-Davidson (NYSE:HOGGet Rating) last released its earnings results on Wednesday, October 26th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.33. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. Harley-Davidson had a return on equity of 27.44% and a net margin of 13.29%. Harley-Davidson’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. On average, equities analysts forecast that Harley-Davidson, Inc. will post 4.72 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, December 8th. Harley-Davidson’s dividend payout ratio (DPR) is currently 13.04%.

Harley-Davidson Company Profile

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Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

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

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