Beutel Goodman & Co Ltd. Sells 227,776 Shares of Harley-Davidson, Inc. $HOG

Beutel Goodman & Co Ltd. cut its stake in Harley-Davidson, Inc. (NYSE:HOG) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,348,126 shares of the company’s stock after selling 227,776 shares during the quarter. Beutel Goodman & Co Ltd. owned about 6.05% of Harley-Davidson worth $173,415,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HOG. UMB Bank n.a. increased its stake in Harley-Davidson by 68.3% during the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock valued at $52,000 after purchasing an additional 892 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares during the period. State of Wyoming bought a new stake in Harley-Davidson in the 1st quarter worth approximately $54,000. Hilltop National Bank purchased a new stake in Harley-Davidson during the 2nd quarter valued at $65,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Harley-Davidson by 37.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,900 shares of the company’s stock valued at $68,000 after buying an additional 790 shares during the period. Institutional investors own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. DA Davidson reduced their price objective on Harley-Davidson from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, November 10th. UBS Group cut their price target on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Morgan Stanley lowered their price objective on shares of Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 19th. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.88.

Harley-Davidson Stock Performance

HOG stock opened at $23.70 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.51 and a quick ratio of 2.36. The business has a 50-day moving average price of $25.94 and a 200 day moving average price of $25.94. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $34.09. The company has a market capitalization of $2.80 billion, a P/E ratio of 5.75, a PEG ratio of 0.32 and a beta of 1.33.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $1.72. Harley-Davidson had a return on equity of 15.19% and a net margin of 11.37%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.01 billion. As a group, equities research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.72 dividend on an annualized basis and a yield of 3.0%. Harley-Davidson’s dividend payout ratio (DPR) is currently 17.48%.

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.