Geode Capital Management LLC Has $48.91 Million Stock Position in Harley-Davidson, Inc. $HOG

Geode Capital Management LLC lowered its stake in Harley-Davidson, Inc. (NYSE:HOG) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,072,204 shares of the company’s stock after selling 57,808 shares during the quarter. Geode Capital Management LLC owned about 1.71% of Harley-Davidson worth $48,910,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Donald Smith & CO. Inc. boosted its holdings in shares of Harley-Davidson by 104.0% in the first quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company’s stock valued at $86,095,000 after buying an additional 1,738,017 shares during the period. Millennium Management LLC bought a new stake in Harley-Davidson in the first quarter valued at approximately $33,884,000. Bank of New York Mellon Corp lifted its holdings in Harley-Davidson by 30.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,838,532 shares of the company’s stock valued at $43,389,000 after purchasing an additional 426,808 shares during the last quarter. Nuveen LLC bought a new stake in shares of Harley-Davidson during the 1st quarter worth about $9,564,000. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of Harley-Davidson in the second quarter valued at approximately $7,262,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Stock Performance

NYSE HOG opened at $24.06 on Tuesday. The firm’s fifty day moving average price is $26.71 and its two-hundred day moving average price is $25.98. The stock has a market cap of $2.84 billion, a PE ratio of 12.47, a PEG ratio of 0.40 and a beta of 1.39. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.20 and a current ratio of 1.37. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $35.21.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $1.72. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. On average, equities analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.72 annualized dividend and a dividend yield of 3.0%. Harley-Davidson’s dividend payout ratio is currently 17.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HOG shares. UBS Group cut their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a report on Monday, August 25th. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Zacks Research cut Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Morgan Stanley decreased their price target on Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.86.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.