Fmr LLC Has $323.48 Million Stake in Harley-Davidson, Inc. (NYSE:HOG)

FMR LLC lowered its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,395,569 shares of the company's stock after selling 180,893 shares during the quarter. FMR LLC owned about 6.59% of Harley-Davidson worth $323,481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of Harley-Davidson during the third quarter worth $35,000. Ashton Thomas Securities LLC acquired a new position in Harley-Davidson during the third quarter worth $38,000. Signaturefd LLC boosted its holdings in Harley-Davidson by 46.8% during the second quarter. Signaturefd LLC now owns 1,872 shares of the company's stock worth $63,000 after purchasing an additional 597 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock valued at $66,000 after acquiring an additional 322 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Harley-Davidson by 19.0% during the 2nd 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 last quarter. 85.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company's stock.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock traded down $0.11 on Friday, hitting $33.63. The stock had a trading volume of 616,268 shares, compared to its average volume of 1,278,353. The stock has a market cap 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. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson, Inc. has a twelve month low of $29.67 and a twelve month high of $44.16. The business's 50 day moving average is $34.30 and its two-hundred day moving average is $35.04.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Tuesday, December 10th. Harley-Davidson's dividend payout ratio is 15.54%.

Analyst Ratings Changes

A number of analysts have commented on HOG shares. Baird R W cut shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Robert W. Baird downgraded shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and cut their target price for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Bank of America reduced their price target on Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. UBS Group dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Finally, Citigroup reduced their target price on Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.57.

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.