Wealthfront Advisers LLC Sells 21,887 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Wealthfront Advisers LLC decreased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 58.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,345 shares of the company’s stock after selling 21,887 shares during the period. Wealthfront Advisers LLC’s holdings in Harley-Davidson were worth $462,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings 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 buying an additional 1,285,225 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock worth $44,295,000 after buying an additional 157,939 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Harley-Davidson during the 4th quarter worth about $18,802,000. JPMorgan Chase & Co. boosted 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 worth $20,555,000 after buying an additional 148,537 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Harley-Davidson by 559.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock worth $15,207,000 after buying an additional 334,830 shares during the period. Institutional investors own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HOG shares. Morgan Stanley reduced 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 report on Thursday, February 6th. DA Davidson dropped their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. UBS Group dropped 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. Robert W. Baird dropped their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Finally, Citigroup dropped their price objective on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.57.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the company’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 transaction of $88,264.00. Following the completion of the transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This represents a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $24.61 on Monday. The firm has a 50 day moving average of $27.01 and a 200-day moving average of $31.62. The stock has a market capitalization of $3.07 billion, a PE ratio of 7.39, a PEG ratio of 0.38 and a beta of 1.49. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 12 month low of $23.81 and a 12 month high of $44.16.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Wednesday, February 5th. The company reported ($0.93) 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 quarter last year, the firm earned $0.18 earnings per share. On average, equities research analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.93%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson’s dividend payout ratio 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.