Creative Planning Sells 438 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Creative Planning reduced its stake in Harley-Davidson, Inc. (NYSE:HOG) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,847 shares of the company’s stock after selling 438 shares during the period. Creative Planning’s holdings in Harley-Davidson were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after purchasing an additional 320 shares during the last quarter. Fifth Third Bancorp lifted its stake in Harley-Davidson by 19.5% during the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after purchasing an additional 322 shares during the last quarter. Toronto Dominion Bank lifted its stake in Harley-Davidson by 0.7% during the first quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock worth $2,273,000 after purchasing an additional 345 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Harley-Davidson by 0.3% during the first quarter. Retirement Systems of Alabama now owns 159,149 shares of the company’s stock worth $6,961,000 after purchasing an additional 420 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Insider Transactions at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares in the company, valued at $570,405.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HOG has been the subject of a number of recent research reports. UBS Group increased their price objective on Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Citigroup decreased their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Baird R W downgraded Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America decreased their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $31.87 on Friday. Harley-Davidson, Inc. has a fifty-two week low of $26.35 and a fifty-two week high of $44.16. The firm’s 50-day simple moving average is $36.08 and its 200 day simple moving average is $35.49. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 0.41 and a beta of 1.44.

Harley-Davidson declared that its board has authorized a share repurchase plan on Thursday, July 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 19.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a dividend of $0.1725 per share. The ex-dividend date was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.17%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.