Bank of America Corp DE Sells 346,859 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Bank of America Corp DE reduced its stake in Harley-Davidson, Inc. (NYSE:HOG) by 47.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 387,435 shares of the company’s stock after selling 346,859 shares during the quarter. Bank of America Corp DE owned about 0.30% of Harley-Davidson worth $11,673,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HOG. Venturi Wealth Management LLC raised its holdings in Harley-Davidson by 172.0% in 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. Bessemer Group Inc. raised its holdings in Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock valued at $39,000 after acquiring an additional 916 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Harley-Davidson in the 4th quarter valued at about $42,000. Global Retirement Partners LLC raised its holdings in 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 acquiring an additional 846 shares during the period. Finally, National Bank of Canada FI raised its holdings in Harley-Davidson by 201.8% in the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company’s stock valued at $57,000 after acquiring an additional 1,263 shares during the period. 85.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HOG has been the topic of several research analyst reports. Citigroup lowered their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Robert W. Baird raised their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. UBS Group lowered their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a report on Wednesday, April 9th. Finally, Morgan Stanley lowered their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $30.17.

Harley-Davidson Stock Up 0.3%

Shares of HOG opened at $24.81 on Friday. The firm’s 50 day moving average is $23.80 and its 200-day moving average is $27.48. The stock has a market capitalization of $3.01 billion, a PE ratio of 7.45, a P/E/G ratio of 0.38 and a beta of 1.30. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. The business had revenue of $315.24 million for the quarter, compared to analysts’ expectations of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The firm’s quarterly revenue was down 23.2% compared to the same quarter last year. During the same period last year, the firm posted $1.72 earnings per share. Equities research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be paid a $0.18 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.90%. Harley-Davidson’s dividend payout ratio (DPR) is 26.87%.

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.