Banco Bilbao Vizcaya Argentaria S.A. Lowers Stake in Harley-Davidson, Inc. (NYSE:HOG)

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 49.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,286 shares of the company's stock after selling 23,025 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Harley-Davidson were worth $701,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock valued at $26,000 after buying an additional 554 shares in the last quarter. Covestor Ltd increased its holdings in shares of Harley-Davidson by 18.8% during the fourth quarter. Covestor Ltd now owns 4,163 shares of the company's stock valued at $125,000 after acquiring an additional 658 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock worth $56,000 after purchasing an additional 846 shares during the period. Xponance Inc. lifted its holdings in shares of Harley-Davidson by 6.5% in the 4th quarter. Xponance Inc. now owns 14,123 shares of the company's stock worth $426,000 after purchasing an additional 856 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock valued at $39,000 after purchasing an additional 916 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.

Wall Street Analyst Weigh In

HOG has been the topic of a number of recent research reports. DA Davidson reaffirmed a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. UBS Group lowered their price objective on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Robert W. Baird decreased their price target on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Citigroup dropped their price objective on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Morgan Stanley reduced their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Harley-Davidson currently has an average rating of "Hold" and a consensus price target of $29.83.

Harley-Davidson Stock Performance

Harley-Davidson stock traded up $0.48 during trading on Friday, hitting $23.52. The stock had a trading volume of 2,955,684 shares, compared to its average volume of 1,908,287. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The stock's 50 day moving average is $24.09 and its two-hundred day moving average is $28.36. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.27. The business had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. Harley-Davidson's revenue was down 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. As a group, analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.06%. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson's dividend payout ratio is presently 21.62%.

Insider Activity

In related news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the sale, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is owned by company insiders.

Harley-Davidson Company Profile

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.