Harley-Davidson, Inc. (NYSE:HOG) Holdings Cut by Wealthfront Advisers LLC

Wealthfront Advisers LLC decreased its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 58.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,345 shares of the company's stock after selling 21,887 shares during the quarter. Wealthfront Advisers LLC's holdings in Harley-Davidson were worth $462,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Harley-Davidson by 10.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,928 shares of the company's stock valued at $902,000 after buying an additional 2,888 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $65,000. Edgestream Partners L.P. acquired a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $1,168,000. Raymond James Financial Inc. acquired a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $18,802,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $1,341,000. Institutional investors and hedge funds own 85.10% of the company's stock.

Insider Transactions at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.87% of the stock is currently owned by insiders.

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Harley-Davidson Price Performance

NYSE HOG traded down $0.12 on Thursday, reaching $25.24. 1,737,693 shares of the stock traded hands, compared to its average volume of 1,782,105. The firm's fifty day simple moving average is $26.77 and its 200 day simple moving average is $31.41. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 0.38 and a beta of 1.49. Harley-Davidson, Inc. has a 12 month low of $23.81 and a 12 month high of $44.16.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period last year, the firm earned $0.18 earnings per share. As a group, research analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. 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 dividend on an annualized basis and a yield of 2.85%. Harley-Davidson's dividend payout ratio is currently 21.62%.

Analysts Set New Price Targets

HOG has been the topic of a number of research reports. Citigroup dropped their price target on Harley-Davidson from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. DA Davidson dropped their price target on Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. StockNews.com upgraded Harley-Davidson from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Robert W. Baird decreased their price objective on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, December 31st. Finally, Bank of America decreased their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $33.57.

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.