Franklin Resources Inc. lifted its stake in Harley-Davidson, Inc. (NYSE:HOG) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 914,096 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Franklin Resources Inc. owned approximately 0.54% of Harley-Davidson worth $49,379,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Wayne Hummer Investments L.L.C. bought a new position in shares of Harley-Davidson in the first quarter worth $200,000. Independent Advisor Alliance boosted its holdings in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after acquiring an additional 2,772 shares during the period. Northside Capital Management LLC bought a new position in shares of Harley-Davidson in the first quarter worth $218,000. Pacer Advisors Inc. boosted its holdings in shares of Harley-Davidson by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock worth $224,000 after acquiring an additional 117 shares during the period. Finally, Geneva Advisors LLC boosted its holdings in shares of Harley-Davidson by 5.4% in the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after acquiring an additional 200 shares during the period. 91.06% of the stock is owned by hedge funds and other institutional investors.
Shares of Harley-Davidson, Inc. (HOG) opened at 48.01 on Friday. The firm’s 50-day moving average price is $47.59 and its 200-day moving average price is $53.75. Harley-Davidson, Inc. has a 52-week low of $45.53 and a 52-week high of $63.40. The stock has a market cap of $8.37 billion, a P/E ratio of 14.06 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The business’s revenue was down 5.6% on a year-over-year basis. Equities analysts predict that Harley-Davidson, Inc. will post $3.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Monday, September 11th. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.44%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.
A number of equities analysts have recently commented on the company. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $53.00 price target on shares of Harley-Davidson in a report on Sunday, June 18th. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. UBS AG reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Harley-Davidson in a report on Monday, June 26th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.94.
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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