MML Investors Services LLC boosted its position in shares of Harley-Davidson Inc (NYSE:HOG) by 24.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,410 shares of the company’s stock after purchasing an additional 1,629 shares during the period. MML Investors Services LLC’s holdings in Harley-Davidson were worth $428,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in Harley-Davidson during the 3rd quarter worth about $166,000. IFG Advisory LLC bought a new position in Harley-Davidson during the 4th quarter worth about $239,000. IFM Investors Pty Ltd bought a new position in Harley-Davidson during the 3rd quarter worth about $280,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Harley-Davidson by 22.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock worth $294,000 after purchasing an additional 1,100 shares in the last quarter. Finally, First Allied Advisory Services Inc. bought a new position in Harley-Davidson during the 4th quarter worth about $313,000. Hedge funds and other institutional investors own 95.87% of the company’s stock.
Shares of Harley-Davidson Inc (HOG) opened at $43.54 on Tuesday. Harley-Davidson Inc has a one year low of $43.23 and a one year high of $62.95. The stock has a market cap of $7,433.78, a PE ratio of 12.72, a P/E/G ratio of 1.47 and a beta of 0.86. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.48 annualized dividend and a yield of 3.40%. Harley-Davidson’s dividend payout ratio (DPR) is 49.66%.
Harley-Davidson announced that its Board of Directors has initiated a stock buyback program on Monday, February 5th that authorizes the company to buyback 15,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
A number of equities analysts have recently commented on HOG shares. Zacks Investment Research upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Tuesday, January 2nd. Citigroup reduced their price objective on shares of Harley-Davidson from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Goldman Sachs downgraded shares of Harley-Davidson to a “hold” rating and set a $43.00 price objective for the company. in a research note on Wednesday, January 3rd. ValuEngine downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus reduced their price objective on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $52.00.
In other Harley-Davidson news, VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the sale, the vice president now owns 3,399 shares of the company’s stock, valued at $161,860.38. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
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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