Raymond James Trust N.A. Purchases 960 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Raymond James Trust N.A. raised its position in Harley-Davidson, Inc. (NYSE:HOG) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,851 shares of the company’s stock after buying an additional 960 shares during the quarter. Raymond James Trust N.A.’s holdings in Harley-Davidson were worth $302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in shares of Harley-Davidson in the 1st quarter valued at $303,000. Price T Rowe Associates Inc. MD boosted its stake in Harley-Davidson by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 68,420 shares of the company’s stock valued at $2,993,000 after buying an additional 3,552 shares in the last quarter. Comerica Bank grew its position in Harley-Davidson by 21.3% in the first quarter. Comerica Bank now owns 64,045 shares of the company’s stock valued at $2,801,000 after acquiring an additional 11,233 shares during the last quarter. Cetera Investment Advisers raised its stake in Harley-Davidson by 70.6% during the first quarter. Cetera Investment Advisers now owns 72,828 shares of the company’s stock worth $3,185,000 after acquiring an additional 30,143 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of Harley-Davidson by 17.5% in the first quarter. Cetera Advisors LLC now owns 9,941 shares of the company’s stock worth $435,000 after acquiring an additional 1,482 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the sale, the director now directly owns 17,687 shares in the company, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Harley-Davidson Trading Up 0.8 %

Shares of HOG stock opened at $33.74 on Thursday. Harley-Davidson, Inc. has a 1-year low of $29.67 and a 1-year high of $44.16. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.46 and a beta of 1.46. The stock has a 50-day moving average of $34.61 and a 200-day moving average of $35.08.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 2.05%. Harley-Davidson’s dividend payout ratio is presently 15.54%.

Analysts Set New Price Targets

HOG has been the topic of several research reports. Bank of America decreased their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group cut their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.57.

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.