Wedmont Private Capital Invests $229,000 in Harley-Davidson, Inc. (NYSE:HOG)

Wedmont Private Capital acquired a new position in Harley-Davidson, Inc. (NYSE:HOG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,349 shares of the company’s stock, valued at approximately $229,000.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Harley-Davidson by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock worth $193,115,000 after purchasing an additional 689,363 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Harley-Davidson in the fourth quarter worth about $1,133,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Harley-Davidson in the fourth quarter worth about $1,696,000. Alps Advisors Inc. grew its stake in shares of Harley-Davidson by 29.7% in the third quarter. Alps Advisors Inc. now owns 10,365 shares of the company’s stock worth $343,000 after purchasing an additional 2,375 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Harley-Davidson in the fourth quarter worth about $3,154,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Analyst Ratings Changes

HOG has been the topic of several recent analyst reports. DA Davidson raised their target price on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley began coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price on the stock. Bank of America lifted their price objective on Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets cut their price objective on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Citigroup dropped their price target on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $33.67 on Friday. Harley-Davidson, Inc. has a twelve month low of $25.43 and a twelve month high of $44.16. The firm has a market cap of $4.53 billion, a P/E ratio of 7.48, a PEG ratio of 1.08 and a beta of 1.47. The company has a 50 day moving average of $35.37 and a 200 day moving average of $36.53. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 1.50.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.24. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. As a group, research analysts expect that Harley-Davidson, Inc. will post 4.48 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Wednesday, June 5th were issued a $0.1725 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $0.69 dividend on an annualized basis and a yield of 2.05%. Harley-Davidson’s payout ratio is currently 15.33%.

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.