Venturi Wealth Management LLC Boosts Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Venturi Wealth Management LLC raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 172.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 876 shares of the company’s stock after buying an additional 554 shares during the quarter. Venturi Wealth Management LLC’s holdings in Harley-Davidson were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HOG. Pacer Advisors Inc. raised its stake in shares of Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock worth $164,754,000 after acquiring an additional 1,285,225 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Harley-Davidson by 38.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock valued at $20,555,000 after purchasing an additional 148,537 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Harley-Davidson by 559.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock worth $15,207,000 after purchasing an additional 334,830 shares in the last quarter. Algert Global LLC grew its stake in Harley-Davidson by 72.6% during the 3rd quarter. Algert Global LLC now owns 327,286 shares of the company’s stock worth $12,610,000 after buying an additional 137,644 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in Harley-Davidson by 4.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 298,071 shares of the company’s stock valued at $11,485,000 after buying an additional 11,684 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley lowered their price target on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Citigroup dropped their target price on shares of 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 cut their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. UBS Group cut their target price on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.57.

Harley-Davidson Trading Down 0.9 %

NYSE HOG opened at $26.32 on Thursday. Harley-Davidson, Inc. has a 1 year low of $25.25 and a 1 year high of $44.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. The company has a market capitalization of $3.35 billion, a PE ratio of 7.90, a P/E/G ratio of 0.38 and a beta of 1.46. The company has a fifty day moving average of $28.20 and a 200 day moving average of $32.62.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the firm posted $0.18 earnings per share. Research 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 will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is currently 21.62%.

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 directly owns 23,555 shares of the company’s stock, valued at $611,487.80. This represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.87% of the company’s stock.

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.