Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in Harley-Davidson, Inc. (NYSE:HOG) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,599 shares of the company’s stock after selling 27,467 shares during the period. Alliancebernstein L.P. owned about 0.11% of Harley-Davidson worth $4,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HOG. MML Investors Services LLC boosted its holdings in Harley-Davidson by 4.7% during the third quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock worth $325,000 after buying an additional 379 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after acquiring an additional 554 shares during the period. Toronto Dominion Bank grew its position in shares of Harley-Davidson by 1.7% during the 3rd quarter. Toronto Dominion Bank now owns 49,995 shares of the company’s stock valued at $1,926,000 after acquiring an additional 815 shares during the period. Global Retirement Partners LLC increased its stake in shares of Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after purchasing an additional 846 shares in the last quarter. Finally, Xponance Inc. raised its holdings in Harley-Davidson by 6.5% in the 4th quarter. Xponance Inc. now owns 14,123 shares of the company’s stock worth $426,000 after purchasing an additional 856 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Trading Up 4.9 %

HOG opened at $22.55 on Monday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 0.38 and a beta of 1.28. The company’s 50 day simple moving average is $25.15 and its two-hundred day simple moving average is $29.61. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $40.50. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period in the previous year, the company posted $0.18 EPS. Analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.18 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson’s dividend payout ratio (DPR) is presently 21.62%.

Wall Street Analysts Forecast Growth

HOG has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Citigroup reduced their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Bank of America dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. UBS Group reduced their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Harley-Davidson in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.00.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by insiders.

Harley-Davidson 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.