Harley-Davidson, Inc. (NYSE:HOG) Stock Position Lowered by Swiss National Bank

Swiss National Bank lowered its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,600 shares of the company’s stock after selling 5,600 shares during the quarter. Swiss National Bank owned 0.19% of Harley-Davidson worth $9,617,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. LSV Asset Management boosted its position in shares of Harley-Davidson by 17.3% during the 2nd quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock valued at $191,372,000 after purchasing an additional 842,407 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Harley-Davidson by 33.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 124,965 shares of the company’s stock worth $5,468,000 after buying an additional 31,205 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Harley-Davidson by 19.0% in the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after buying an additional 320 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Harley-Davidson by 70.6% in the first quarter. Cetera Investment Advisers now owns 72,828 shares of the company’s stock valued at $3,185,000 after buying an additional 30,143 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Harley-Davidson by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock valued at $209,576,000 after acquiring an additional 708,260 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HOG. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup reduced their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Bank of America reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, UBS Group lowered their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.57.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now owns 17,687 shares in the company, valued at $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Up 2.2 %

HOG stock opened at $33.55 on Monday. Harley-Davidson, Inc. has a 12-month low of $29.67 and a 12-month high of $44.16. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.44 and a beta of 1.46. The company has a 50 day moving average of $34.79 and a two-hundred day moving average of $35.08.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s payout ratio is currently 15.54%.

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.