JPMorgan Chase & Co. Buys 148,537 Shares of Harley-Davidson, Inc. (NYSE:HOG)

JPMorgan Chase & Co. increased its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 38.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 533,490 shares of the company's stock after purchasing an additional 148,537 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Harley-Davidson worth $20,555,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in Harley-Davidson by 10.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 38,443 shares of the company's stock worth $1,289,000 after acquiring an additional 3,505 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Harley-Davidson by 7.8% during the second quarter. Texas Permanent School Fund Corp now owns 119,423 shares of the company's stock valued at $4,005,000 after acquiring an additional 8,623 shares during the period. American Century Companies Inc. boosted its holdings in Harley-Davidson by 42.8% in the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company's stock valued at $75,932,000 after acquiring an additional 678,092 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in Harley-Davidson in the second quarter worth about $618,000. Finally, Cornercap Investment Counsel Inc. acquired a new position in Harley-Davidson during the 2nd quarter valued at about $508,000. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Stock Down 2.1 %

Shares of HOG traded down $0.62 during midday trading on Thursday, hitting $28.84. The stock had a trading volume of 2,651,510 shares, compared to its average volume of 1,524,720. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The company has a 50 day simple moving average of $31.98 and a two-hundred day simple moving average of $34.36. Harley-Davidson, Inc. has a twelve month low of $28.51 and a twelve month high of $44.16.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 2.39%. The ex-dividend date was Tuesday, December 10th. Harley-Davidson's payout ratio is 15.54%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America cut their price target on Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, October 15th. Citigroup reduced their price target on shares of 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 lowered their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded Harley-Davidson from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Baird R W downgraded Harley-Davidson from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $42.00.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. This represents a 19.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.87% of the company's stock.

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.