California Public Employees Retirement System decreased its holdings in Harley-Davidson Inc (NYSE:HOG) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,383 shares of the company’s stock after selling 51,191 shares during the quarter. California Public Employees Retirement System’s holdings in Harley-Davidson were worth $15,027,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc raised its position in Harley-Davidson by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 17,623,452 shares of the company’s stock worth $798,342,000 after buying an additional 232,373 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Harley-Davidson by 88.7% during the 4th quarter. Bank of New York Mellon Corp now owns 13,331,185 shares of the company’s stock valued at $454,860,000 after purchasing an additional 6,264,678 shares during the last quarter. BlackRock Inc. increased its position in shares of Harley-Davidson by 0.5% during the 4th quarter. BlackRock Inc. now owns 10,863,182 shares of the company’s stock valued at $370,651,000 after purchasing an additional 53,565 shares during the last quarter. Kiltearn Partners LLP increased its position in shares of Harley-Davidson by 2.7% during the 4th quarter. Kiltearn Partners LLP now owns 4,751,530 shares of the company’s stock valued at $162,122,000 after purchasing an additional 126,800 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Harley-Davidson by 12.2% during the 4th quarter. Mackenzie Financial Corp now owns 3,949,622 shares of the company’s stock valued at $134,761,000 after purchasing an additional 429,922 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Northcoast Research reaffirmed a “neutral” rating on shares of Harley-Davidson in a research report on Thursday, April 4th. Goldman Sachs Group reaffirmed a “sell” rating and set a $34.00 price target (down previously from $37.00) on shares of Harley-Davidson in a research report on Wednesday, April 24th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $41.00 price target (down previously from $49.00) on shares of Harley-Davidson in a research report on Monday, April 8th. Finally, William Blair reaffirmed a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.08.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.12. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.21 billion. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. On average, sell-side analysts expect that Harley-Davidson Inc will post 3.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 30th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.31%. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.68%.
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Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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