Wealth Enhancement Advisory Services LLC Sells 952 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,246 shares of the company’s stock after selling 952 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Harley-Davidson were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management increased its position in 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 buying an additional 842,407 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Harley-Davidson by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock valued at $209,576,000 after purchasing an additional 708,260 shares during the period. American Century Companies Inc. raised its stake in shares of Harley-Davidson by 42.8% in the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock worth $75,932,000 after purchasing an additional 678,092 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Harley-Davidson by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock worth $587,372,000 after purchasing an additional 452,536 shares during the last quarter. Finally, SG Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter worth about $11,797,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Robert W. Baird lowered shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. UBS Group reduced their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup reduced their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Bank of America lowered their target price on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.57.

Harley-Davidson Trading Down 0.4 %

Shares of Harley-Davidson stock opened at $33.22 on Friday. The firm has a 50-day simple moving average of $35.65 and a two-hundred day simple moving average of $35.34. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. Harley-Davidson, Inc. has a fifty-two week low of $26.35 and a fifty-two week high of $44.16. The company has a market cap of $4.37 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 0.41 and a beta of 1.46.

Harley-Davidson announced that its board has approved a stock buyback program on Thursday, July 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 19.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.1725 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.69 dividend on an annualized basis and a yield of 2.08%. Harley-Davidson’s payout ratio is 15.54%.

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.