Fmr LLC Decreases Stake in Harley-Davidson, Inc. (NYSE:HOG)

Fmr LLC cut its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,395,569 shares of the company’s stock after selling 180,893 shares during the quarter. Fmr LLC owned approximately 6.59% of Harley-Davidson worth $323,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management boosted its position in Harley-Davidson by 17.3% during the second quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after purchasing an additional 842,407 shares during the period. GAMMA Investing LLC boosted its position 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 period. Cetera Investment Advisers boosted its position in Harley-Davidson by 70.6% during the first quarter. Cetera Investment Advisers now owns 72,828 shares of the company’s stock worth $3,185,000 after purchasing an additional 30,143 shares during the period. Dimensional Fund Advisors LP boosted its position in Harley-Davidson by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock worth $209,576,000 after purchasing an additional 708,260 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Harley-Davidson by 77.0% in the 2nd quarter. SG Americas Securities LLC now owns 20,918 shares of the company’s stock worth $702,000 after purchasing an additional 9,102 shares during the period. Institutional investors own 85.10% of the company’s stock.

Insider Activity

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the transaction, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. The trade was a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

HOG has been the topic of several analyst reports. Citigroup decreased their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. UBS Group decreased their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird lowered shares of 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. Five 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.com, Harley-Davidson has a consensus rating of “Hold” and an average target price of $42.57.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $33.63 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. Harley-Davidson, Inc. has a 52-week low of $29.67 and a 52-week high of $44.16. The company has a fifty day moving average of $34.30 and a 200-day moving average of $35.05. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.45 and a beta of 1.46.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Tuesday, December 10th will be issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, December 10th. Harley-Davidson’s dividend payout ratio is presently 15.54%.

About Harley-Davidson

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.