US Bancorp DE Sells 1,436 Shares of Harley-Davidson, Inc. (NYSE:HOG)

US Bancorp DE cut its holdings in Harley-Davidson, Inc. (NYSE:HOGGet Rating) by 7.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,910 shares of the company’s stock after selling 1,436 shares during the period. US Bancorp DE’s holdings in Harley-Davidson were worth $590,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC bought a new position in Harley-Davidson during the first quarter valued at about $31,000. CX Institutional bought a new position in Harley-Davidson during the second quarter valued at about $40,000. Brown Brothers Harriman & Co. increased its stake in Harley-Davidson by 1,144.1% during the first quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock valued at $54,000 after acquiring an additional 1,270 shares during the period. Covestor Ltd increased its stake in Harley-Davidson by 74.7% during the first quarter. Covestor Ltd now owns 1,660 shares of the company’s stock valued at $65,000 after acquiring an additional 710 shares during the period. Finally, Venture Visionary Partners LLC bought a new position in Harley-Davidson during the second quarter valued at about $67,000. 83.96% of the stock is currently owned by institutional investors.

Harley-Davidson Stock Up 0.2 %

NYSE:HOG opened at $43.19 on Friday. The stock’s fifty day moving average price is $44.69 and its two-hundred day moving average price is $40.57. Harley-Davidson, Inc. has a 52-week low of $29.80 and a 52-week high of $48.72. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.36. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.03 and a beta of 1.36.

Harley-Davidson (NYSE:HOGGet Rating) last posted its quarterly earnings data 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. Harley-Davidson had a return on equity of 27.44% and a net margin of 13.29%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business earned $1.18 EPS. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, analysts anticipate that Harley-Davidson, Inc. will post 4.72 EPS for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, December 8th. Harley-Davidson’s dividend payout ratio (DPR) is currently 13.04%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group started coverage on Harley-Davidson in a research note on Tuesday, November 15th. They set an “underperform” rating and a $39.00 price target on the stock. Morgan Stanley upped their price objective 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. DA Davidson upped their price objective on Harley-Davidson from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, December 22nd. StockNews.com lowered Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Citigroup set a $49.00 price objective on Harley-Davidson in a research note on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.13.

Harley-Davidson Profile

(Get Rating)

Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.

Further Reading

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

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