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

FMR LLC decreased its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,684,883 shares of the company's stock after selling 710,686 shares during the quarter. FMR LLC owned 6.04% of Harley-Davidson worth $231,546,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HOG. Venturi Wealth Management LLC raised its stake in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after buying an additional 554 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Harley-Davidson in the 4th quarter worth $42,000. Global Retirement Partners LLC raised its position in Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock worth $56,000 after acquiring an additional 846 shares during the period. National Bank of Canada FI lifted its holdings in Harley-Davidson by 201.8% during the fourth quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock valued at $57,000 after purchasing an additional 1,263 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Harley-Davidson during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 85.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HOG. Robert W. Baird lowered their price objective on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Bank of America reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. DA Davidson reiterated a "buy" rating and issued a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Morgan Stanley dropped their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Citigroup lowered their target price on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Harley-Davidson currently has a consensus rating of "Hold" and an average target price of $32.00.

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Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the 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 sale, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.87% of the company's stock.

Harley-Davidson Trading Down 4.4 %

Shares of Harley-Davidson stock traded down $0.98 during trading hours on Tuesday, hitting $21.60. The company's stock had a trading volume of 2,019,664 shares, compared to its average volume of 1,924,771. The firm has a fifty day moving average of $25.08 and a 200-day moving average of $29.49. 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 $2.67 billion, a price-to-earnings ratio of 6.49, a P/E/G 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 $40.50.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing analysts' consensus estimates 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 firm earned $0.18 EPS. Research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.18 per share. 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 3.33%. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is currently 21.62%.

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.