Banco BTG Pactual S.A. Sells 314,687 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Banco BTG Pactual S.A. cut its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 75.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock after selling 314,687 shares during the quarter. Banco BTG Pactual S.A. owned approximately 0.08% of Harley-Davidson worth $2,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HOG. Victory Capital Management Inc. increased its position in Harley-Davidson by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 27,611 shares of the company’s stock valued at $1,064,000 after purchasing an additional 807 shares during the period. Natixis Advisors LLC increased its position in shares of Harley-Davidson by 13.8% during the third quarter. Natixis Advisors LLC now owns 22,656 shares of the company’s stock valued at $873,000 after buying an additional 2,756 shares during the period. Raymond James Trust N.A. raised its stake in Harley-Davidson by 13.9% in the third quarter. Raymond James Trust N.A. now owns 7,851 shares of the company’s stock worth $302,000 after buying an additional 960 shares in the last quarter. Cerity Partners LLC lifted its holdings in Harley-Davidson by 3.7% in the third quarter. Cerity Partners LLC now owns 24,158 shares of the company’s stock worth $931,000 after buying an additional 858 shares during the period. Finally, Bank of Hawaii bought a new stake in Harley-Davidson during the 3rd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.87% of the company’s stock.

Harley-Davidson Price Performance

Shares of HOG opened at $25.56 on Wednesday. Harley-Davidson, Inc. has a twelve month low of $23.81 and a twelve month high of $44.16. The company has a market capitalization of $3.18 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. The firm has a 50 day moving average of $26.51 and a 200 day moving average of $31.03. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, equities research analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 2.82%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio is currently 21.62%.

Wall Street Analyst Weigh In

HOG has been the subject of several research reports. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Robert W. Baird reduced their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 31st. Morgan Stanley lowered their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Bank of America decreased their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson dropped their price target on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $33.57.

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.