First Fiduciary Investment Counsel Lowers stake in Harley-Davidson Inc (HOG)

Harley-Davidson Inc (HOG) : First Fiduciary Investment Counsel reduced its stake in Harley-Davidson Inc by 25.04% during the most recent quarter end. The investment management company now holds a total of 158,855 shares of Harley-Davidson Inc which is valued at $8,533,691 after selling 53,066 shares in Harley-Davidson Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Harley-Davidson Inc makes up approximately 1.76% of First Fiduciary Investment Counsel’s portfolio.

Other Hedge Funds, Including , Van Eck Associates Corp added HOG to its portfolio by purchasing 386,764 company shares during the most recent quarter which is valued at $20,776,962. Harley-Davidson Inc makes up approx 0.10% of Van Eck Associates Corp’s portfolio.Baird Financial Group reduced its stake in HOG by selling 112,613 shares or 8.43% in the most recent quarter. The Hedge Fund company now holds 1,223,413 shares of HOG which is valued at $65,721,746. Harley-Davidson Inc makes up approx 0.57% of Baird Financial Group’s portfolio.Hedeker Wealth reduced its stake in HOG by selling 31,905 shares or 87.55% in the most recent quarter. The Hedge Fund company now holds 4,535 shares of HOG which is valued at $239,992. Harley-Davidson Inc makes up approx 0.20% of Hedeker Wealth’s portfolio.Meeder Asset Management Inc boosted its stake in HOG in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 227 shares of Harley-Davidson Inc which is valued at $11,377.

Harley-Davidson Inc closed down -0.24 points or -0.46% at $52.33 with 19,43,470 shares getting traded on Monday. Post opening the session at $51.4, the shares hit an intraday low of $50.96 and an intraday high of $52.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Harley-Davidson Inc reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.53. The company had revenue of $1670.00 million for the quarter, compared to analysts expectations of $1662.99 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Harley-Davidson Inc. Harley-Davidson Inc was Downgraded by Longbow to ” Underperform” on Aug 29, 2016. Barclays Downgraded Harley-Davidson Inc on Aug 1, 2016 to ” Underweight”, Price Target of the shares are set at $45.Harley-Davidson Inc was Downgraded by Wells Fargo to ” Market Perform” on Jul 29, 2016.

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) segment and the Financial Services segment. The Motorcycles segment consists of HDMC which designs manufactures and sells street-legal Harley-Davidson motorcycles as well as a line of motorcycle parts accessories general merchandise and related services. The Company’s products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS which provides wholesale and retail financing and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world including in North America Europe the Middle East and Africa (EMEA); Asia-Pacific and Latin America.

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