Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 77.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,978 shares of the company's stock after selling 24,454 shares during the period. Hsbc Holdings PLC's holdings in Harley-Davidson were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its stake in Harley-Davidson by 135.7% in the 3rd quarter. Barclays PLC now owns 282,932 shares of the company's stock valued at $10,900,000 after buying an additional 162,899 shares during the period. Tidal Investments LLC acquired a new stake in shares of Harley-Davidson in the 3rd quarter valued at $479,000. Franklin Resources Inc. acquired a new position in Harley-Davidson during the third quarter worth $2,725,000. Matrix Trust Co lifted its holdings in Harley-Davidson by 808.8% in the 4th quarter. Matrix Trust Co now owns 5,689 shares of the company's stock worth $171,000 after purchasing an additional 5,063 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in Harley-Davidson by 10.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 64,416 shares of the company's stock valued at $1,941,000 after buying an additional 6,159 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Harley-Davidson Price Performance

HOG traded up $0.14 during trading on Tuesday, reaching $24.99. 1,791,687 shares of the company were exchanged, compared to its average volume of 1,895,730. The company's 50-day moving average is $23.87 and its two-hundred day moving average is $27.82. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 12-month low of $20.45 and a 12-month high of $39.93. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 0.38 and a beta of 1.30.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced 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. 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 analysts' expectations of $1.12 billion. During the same period last year, the firm posted $1.72 EPS. Harley-Davidson's revenue for the quarter was down 23.2% compared to the same quarter last year. Research analysts forecast that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.18 per share. The ex-dividend date was Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.88%. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's dividend payout ratio is presently 26.87%.

Analysts Set New Price Targets

HOG has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Morgan Stanley lowered their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America reduced their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Citigroup reduced their target price on shares of 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, DA Davidson restated a "buy" rating and issued a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Harley-Davidson has an average rating of "Hold" and a consensus price target of $29.83.

Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.93% of the company's stock.

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.