CIBC World Markets Inc. Reduces Position in Harley-Davidson, Inc. (HOG)

CIBC World Markets Inc. lowered its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,812 shares of the company’s stock after selling 889 shares during the period. CIBC World Markets Inc.’s holdings in Harley-Davidson were worth $422,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Contravisory Investment Management Inc. boosted its stake in Harley-Davidson by 1.7% during the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock worth $232,000 after acquiring an additional 72 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Harley-Davidson by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after acquiring an additional 100 shares in the last quarter. Annex Advisory Services LLC boosted its stake in Harley-Davidson by 2.5% during the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after acquiring an additional 102 shares in the last quarter. First Business Financial Services Inc. boosted its stake in Harley-Davidson by 1.2% during the first quarter. First Business Financial Services Inc. now owns 8,907 shares of the company’s stock worth $539,000 after acquiring an additional 107 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Harley-Davidson by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock worth $224,000 after acquiring an additional 117 shares in the last quarter. 91.04% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

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Harley-Davidson, Inc. (HOG) opened at 48.35 on Thursday. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 14.16 and a beta of 0.86. The company’s 50 day moving average is $47.57 and its 200-day moving average is $53.55. Harley-Davidson, Inc. has a 12 month low of $45.53 and a 12 month high of $63.40.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. On average, analysts expect that Harley-Davidson, Inc. will post $3.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, September 11th. Harley-Davidson’s dividend payout ratio (DPR) is 42.44%.

Several research firms recently commented on HOG. UBS AG reissued a “neutral” rating and set a $57.00 price objective on shares of Harley-Davidson in a research note on Tuesday, June 13th. ValuEngine downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Morgan Stanley dropped their target price on shares of Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a research note on Monday, August 14th. Finally, Stifel Nicolaus dropped their target price on shares of Harley-Davidson from $61.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $53.94.

Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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