Vontobel Holding Ltd. Decreases Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Vontobel Holding Ltd. reduced its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 43.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,115 shares of the company’s stock after selling 7,029 shares during the quarter. Vontobel Holding Ltd.’s holdings in Harley-Davidson were worth $351,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Harley-Davidson by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock worth $587,372,000 after buying an additional 452,536 shares during the period. Illinois Municipal Retirement Fund grew its stake in Harley-Davidson by 42.7% during the first quarter. Illinois Municipal Retirement Fund now owns 80,010 shares of the company’s stock worth $3,500,000 after buying an additional 23,958 shares during the period. LSV Asset Management lifted its position in shares of Harley-Davidson by 17.3% during the second quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after purchasing an additional 842,407 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Harley-Davidson by 33.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 124,965 shares of the company’s stock worth $5,468,000 after purchasing an additional 31,205 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after purchasing an additional 320 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HOG has been the topic of a number of recent research reports. Citigroup boosted their target price on shares of Harley-Davidson from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced 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 target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, UBS Group boosted their target price on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Harley-Davidson Stock Down 2.7 %

NYSE:HOG opened at $34.53 on Wednesday. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. Harley-Davidson, Inc. has a one year low of $25.43 and a one year high of $44.16. The stock has a 50-day simple moving average of $36.80 and a 200 day simple moving average of $35.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.29 billion. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $1.22 earnings per share. Sell-side analysts predict that Harley-Davidson, Inc. will post 4.19 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were paid 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 2.00%. Harley-Davidson’s dividend payout ratio (DPR) is 15.33%.

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

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.