Wells Fargo & Company MN decreased its position in Harley-Davidson Inc (NYSE:HOG) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,901 shares of the company’s stock after selling 1,697 shares during the period. Wells Fargo & Company MN owned approximately 0.21% of Harley-Davidson worth $11,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP raised its stake in shares of Harley-Davidson by 83.6% during the 2nd quarter. GSA Capital Partners LLP now owns 19,531 shares of the company’s stock worth $700,000 after buying an additional 8,891 shares during the period. Freestone Capital Holdings LLC purchased a new stake in Harley-Davidson in the 2nd quarter worth $5,175,000. Qube Research & Technologies Ltd acquired a new position in Harley-Davidson during the second quarter worth $214,000. Envestnet Asset Management Inc. raised its position in Harley-Davidson by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 124,824 shares of the company’s stock worth $4,472,000 after acquiring an additional 3,018 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Harley-Davidson by 45.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 25,158 shares of the company’s stock worth $920,000 after acquiring an additional 7,833 shares during the period. Institutional investors own 93.97% of the company’s stock.

Shares of Harley-Davidson stock traded down $0.10 on Wednesday, reaching $35.29. 179,787 shares of the company were exchanged, compared to its average volume of 1,433,251. The stock’s 50 day moving average price is $33.17 and its 200-day moving average price is $35.57. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 1.03. Harley-Davidson Inc has a 1-year low of $30.17 and a 1-year high of $46.22. The company has a market cap of $5.39 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.04. Harley-Davidson had a net margin of 7.99% and a return on equity of 28.67%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $1.52 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. On average, research analysts predict that Harley-Davidson Inc will post 3.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.25%. The ex-dividend date is Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.68%.

Several brokerages have recently issued reports on HOG. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a research report on Friday, July 26th. Wedbush set a $35.00 price target on shares of Harley-Davidson and gave the stock a “hold” rating in a research report on Friday, July 12th. ValuEngine raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 30th. Northcoast Research reiterated a “hold” rating on shares of Harley-Davidson in a report on Tuesday, June 4th. Finally, Morgan Stanley lowered their price objective on shares of Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Harley-Davidson has a consensus rating of “Hold” and an average target price of $41.00.

In other Harley-Davidson news, insider Mark R. Kornetzke sold 3,626 shares of Harley-Davidson stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $35.79, for a total transaction of $129,774.54. Following the completion of the sale, the insider now directly owns 31,666 shares of the company’s stock, valued at approximately $1,133,326.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John A. Olin sold 30,000 shares of Harley-Davidson stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $35.96, for a total value of $1,078,800.00. Following the sale, the chief financial officer now directly owns 88,500 shares of the company’s stock, valued at $3,182,460. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,510 shares of company stock worth $1,626,297. Insiders own 0.86% of the company’s stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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