California Public Employees Retirement System Sells 18,896 Shares of Harley-Davidson, Inc. (NYSE:HOG)

California Public Employees Retirement System reduced its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198,175 shares of the company's stock after selling 18,896 shares during the period. California Public Employees Retirement System owned approximately 0.16% of Harley-Davidson worth $5,971,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company's stock valued at $164,754,000 after buying an additional 1,285,225 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Harley-Davidson by 14.2% in the fourth quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock valued at $105,352,000 after buying an additional 435,200 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock worth $44,295,000 after purchasing an additional 157,939 shares during the period. Raymond James Financial Inc. purchased a new position in Harley-Davidson in the 4th quarter valued at approximately $18,802,000. Finally, JPMorgan Chase & Co. lifted its stake in Harley-Davidson by 38.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company's stock valued at $20,555,000 after buying an additional 148,537 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 0.87% of the company's stock.

Harley-Davidson Stock Up 4.9 %

HOG traded up $1.06 during trading on Friday, reaching $22.55. 3,743,624 shares of the stock were exchanged, compared to its average volume of 1,924,666. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The stock has a market cap of $2.79 billion, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $40.51. The stock's 50 day moving average price is $25.15 and its two-hundred day moving average price is $29.67.

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

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.18 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 3.19%. Harley-Davidson's dividend payout ratio (DPR) is 21.62%.

Wall Street Analysts Forecast Growth

HOG has been the topic of several research analyst reports. Bank of America decreased 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. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday. UBS Group dropped 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 note on Thursday, February 20th. Robert W. Baird decreased their target price on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, Citigroup lowered their target price on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $32.00.

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.