Harley-Davidson, Inc. (HOG) Shares Bought by Axa
Axa boosted its stake in Harley-Davidson, Inc. (NYSE:HOG) by 365.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,600 shares of the company’s stock after buying an additional 90,000 shares during the period. Axa owned 0.07% of Harley-Davidson worth $6,191,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wayne Hummer Investments L.L.C. purchased a new stake in Harley-Davidson in the first quarter worth about $200,000. Independent Advisor Alliance lifted its holdings in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares during the period. Northside Capital Management LLC purchased a new stake in Harley-Davidson in the first quarter worth about $218,000. Pacer Advisors Inc. lifted its holdings in Harley-Davidson by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock worth $224,000 after buying an additional 117 shares during the period. Finally, Geneva Advisors LLC lifted its holdings in Harley-Davidson by 5.4% in the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 91.06% of the company’s stock.
In related news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the sale, the insider now owns 23,673 shares in the company, valued at $1,116,892.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.
Harley-Davidson, Inc. (NYSE:HOG) opened at 48.01 on Friday. The stock has a market cap of $8.37 billion, a PE ratio of 14.06 and a beta of 0.86. The stock’s 50 day moving average is $47.59 and its 200 day moving average is $53.75. Harley-Davidson, Inc. has a 52 week low of $45.53 and a 52 week high of $63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share. Analysts predict that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 annualized dividend and a yield of 3.04%. Harley-Davidson’s dividend payout ratio is presently 42.44%.
Several analysts have commented on HOG shares. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. BMO Capital Markets reaffirmed a “buy” rating and set a $56.00 target price on shares of Harley-Davidson in a research note on Friday, September 8th. Finally, Zacks Investment Research raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $53.94.
Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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