TD Asset Management Inc. Lowers Holdings in Harley-Davidson, Inc. (HOG)
TD Asset Management Inc. lowered its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 6.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 53,803 shares of the company’s stock after selling 3,995 shares during the quarter. TD Asset Management Inc.’s holdings in Harley-Davidson were worth $2,594,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of HOG. Geneva Advisors LLC raised its stake in shares of Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after buying an additional 200 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Harley-Davidson by 20.7% during the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after buying an additional 700 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of Harley-Davidson by 2.5% during the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after buying an additional 102 shares during the last quarter. TLP Group LLC purchased a new position in shares of Harley-Davidson during the 2nd quarter valued at about $255,000. Finally, Parametrica Management Ltd purchased a new position in shares of Harley-Davidson during the 3rd quarter valued at about $269,000. 96.33% of the stock is owned by institutional investors.
In other Harley-Davidson news, CFO John A. Olin sold 28,760 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the completion of the sale, the chief financial officer now directly owns 65,722 shares in the company, valued at approximately $3,156,627.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lawrence G. Hund sold 8,660 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total value of $405,980.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,726 shares of company stock valued at $2,816,641. 0.70% of the stock is owned by company insiders.
Shares of Harley-Davidson, Inc. (NYSE:HOG) traded up $0.01 during trading on Friday, hitting $51.19. The company had a trading volume of 1,717,862 shares, compared to its average volume of 2,290,588. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. Harley-Davidson, Inc. has a 1 year low of $44.52 and a 1 year high of $63.40. The stock has a market cap of $8,613.35, a price-to-earnings ratio of 15.99, a PEG ratio of 1.76 and a beta of 0.96.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. During the same period in the previous year, the business earned $0.64 EPS. Harley-Davidson’s quarterly revenue was down 11.9% on a year-over-year basis. sell-side analysts anticipate that Harley-Davidson, Inc. will post 3.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.365 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a yield of 2.85%. Harley-Davidson’s dividend payout ratio (DPR) is currently 45.63%.
HOG has been the subject of a number of recent research reports. UBS reiterated a “hold” rating and set a $47.00 price objective on shares of Harley-Davidson in a research note on Wednesday, September 13th. Aegis initiated coverage on Harley-Davidson in a research note on Monday, August 28th. They set a “hold” rating and a $49.00 price objective for the company. Zacks Investment Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 19th. BMO Capital Markets reiterated a “buy” rating and set a $56.00 price objective on shares of Harley-Davidson in a research note on Friday, September 8th. Finally, Argus upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.75.
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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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