Cetera Investment Advisers Sells 14,331 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Cetera Investment Advisers lowered its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,986 shares of the company's stock after selling 14,331 shares during the period. Cetera Investment Advisers' holdings in Harley-Davidson were worth $1,687,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. acquired a new stake in Harley-Davidson during the fourth quarter worth approximately $50,368,000. Proficio Capital Partners LLC acquired a new stake in Harley-Davidson in the fourth quarter valued at approximately $1,341,000. Hussman Strategic Advisors Inc. acquired a new stake in Harley-Davidson in the fourth quarter valued at approximately $1,898,000. Norges Bank acquired a new stake in Harley-Davidson in the fourth quarter valued at approximately $11,010,000. Finally, Bank of New York Mellon Corp grew its stake in Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock valued at $44,295,000 after acquiring an additional 157,939 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Stock Down 1.9%

Shares of HOG stock traded down $0.47 during trading hours on Monday, reaching $24.29. The company had a trading volume of 1,354,364 shares, compared to its average volume of 1,930,646. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. The business has a fifty day simple moving average of $23.76 and a 200-day simple moving average of $27.28. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 7.30, a price-to-earnings-growth ratio of 0.38 and a beta of 1.30.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results 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. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The company had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $1.72 earnings per share. The company's revenue for the quarter was down 23.2% on a year-over-year basis. On average, research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.96%. Harley-Davidson's dividend payout ratio is presently 26.87%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group reduced 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 raised their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. Bank of America reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Finally, Citigroup reduced their price objective on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Harley-Davidson has a consensus rating of "Hold" and an average target price of $30.17.

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.