Charles Schwab Investment Management Inc. Lowers Stake in Harley-Davidson, Inc. (NYSE:HOG)

Charles Schwab Investment Management Inc. lessened its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,298,047 shares of the company’s stock after selling 17,940 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of Harley-Davidson worth $50,014,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after purchasing an additional 320 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after buying an additional 322 shares in the last quarter. Covestor Ltd raised its stake in shares of Harley-Davidson by 14.7% during the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after acquiring an additional 448 shares in the last quarter. Signaturefd LLC lifted its position in Harley-Davidson by 46.8% during the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Harley-Davidson by 23.5% in the third quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock valued at $141,000 after acquiring an additional 697 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup reduced their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. UBS Group cut their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Bank of America decreased their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and an average price target of $42.57.

Harley-Davidson Stock Performance

HOG opened at $33.63 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson, Inc. has a 12-month low of $29.67 and a 12-month high of $44.16. The firm has a 50 day moving average of $34.30 and a two-hundred day moving average of $35.05. The firm has a market capitalization of $4.28 billion, a PE ratio of 7.57, a P/E/G ratio of 0.45 and a beta of 1.46.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Tuesday, December 10th will be given a dividend of $0.1725 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a yield of 2.05%. Harley-Davidson’s dividend payout ratio is presently 15.54%.

Insider Buying and Selling at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the sale, the director now owns 17,687 shares of the company’s stock, valued at $570,405.75. This trade represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by corporate insiders.

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.