Exxonmobil Investment Management Inc. TX decreased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 14.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,607 shares of the company’s stock after selling 5,553 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Harley-Davidson were worth $1,815,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Wayne Hummer Investments L.L.C. acquired a new position in Harley-Davidson during the first quarter valued at approximately $200,000. Stokes & Hubbell Capital Management LLC acquired a new position in Harley-Davidson during the first quarter valued at approximately $201,000. Independent Advisor Alliance raised its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares during the period. Appleton Group LLC acquired a new position in Harley-Davidson during the first quarter valued at approximately $210,000. Finally, Putnam Investments LLC acquired a new position in Harley-Davidson during the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 85.14% of the company’s stock.
Harley-Davidson, Inc. (NYSE HOG) opened at 48.34 on Monday. The stock has a market cap of $8.43 billion, a P/E ratio of 14.16 and a beta of 0.84. The firm’s 50-day moving average is $52.26 and its 200-day moving average is $56.05. Harley-Davidson, Inc. has a 52-week low of $46.00 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. Equities research analysts predict that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.
Several equities analysts have commented on the stock. ValuEngine lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. UBS AG restated a “neutral” rating and issued a $57.00 target price on shares of Harley-Davidson in a report on Tuesday, June 13th. Stifel Nicolaus lowered their target price on shares of Harley-Davidson from $61.00 to $55.00 and set a “hold” rating for the company in a report on Friday, July 14th. Barclays PLC lowered their target price on shares of Harley-Davidson from $52.00 to $45.00 and set an “underperform” rating for the company in a report on Wednesday, July 19th. Finally, BidaskClub lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $54.83.
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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