Hsbc Holdings PLC Sells 24,454 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Hsbc Holdings PLC trimmed its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 77.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,978 shares of the company’s stock after selling 24,454 shares during the quarter. Hsbc Holdings PLC’s holdings in Harley-Davidson were worth $210,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HOG. Barclays PLC increased its position in shares of Harley-Davidson by 135.7% during the third quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after acquiring an additional 162,899 shares in the last quarter. Tidal Investments LLC bought a new position in Harley-Davidson during the 3rd quarter worth about $479,000. Franklin Resources Inc. acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at about $2,725,000. Matrix Trust Co lifted its holdings in shares of Harley-Davidson by 808.8% in the fourth quarter. Matrix Trust Co now owns 5,689 shares of the company’s stock valued at $171,000 after purchasing an additional 5,063 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of Harley-Davidson by 10.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 64,416 shares of the company’s stock worth $1,941,000 after buying an additional 6,159 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the sale, the insider now directly 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 the SEC website. 0.93% of the stock is currently owned by insiders.

Harley-Davidson Trading Up 1.0 %

Shares of NYSE:HOG opened at $23.63 on Friday. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93. 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 company has a market capitalization of $2.92 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 0.38 and a beta of 1.30. The company has a 50-day simple moving average of $23.88 and a 200 day simple moving average of $27.89.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.80 by $0.27. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The company had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $1.72 EPS. The firm’s revenue for the quarter was down 23.2% compared to the same quarter last year. Sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business 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 of this dividend 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 3.05%. Harley-Davidson’s dividend payout ratio is presently 26.87%.

Analyst Ratings Changes

HOG has been the topic of a number of recent research reports. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Robert W. Baird cut their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Morgan Stanley decreased their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. UBS Group reduced their price objective 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. Finally, Bank of America dropped their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $29.83.

Harley-Davidson 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.