Banco BTG Pactual S.A. Trims Stake in Harley-Davidson, Inc. (NYSE:HOG)

Banco BTG Pactual S.A. lessened its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 75.9% during the 4th quarter, according to its most recent 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.’s holdings in Harley-Davidson were worth $2,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. MML Investors Services LLC lifted its position in Harley-Davidson by 4.7% during the third quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock valued at $325,000 after purchasing an additional 379 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after buying an additional 554 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of 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 acquiring an additional 807 shares during the period. Toronto Dominion Bank increased its holdings in Harley-Davidson by 1.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,995 shares of the company’s stock worth $1,926,000 after acquiring an additional 815 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after acquiring an additional 846 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Down 0.3 %

Shares of HOG stock opened at $25.56 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. Harley-Davidson, Inc. has a 12-month low of $23.81 and a 12-month high of $44.16. The stock’s 50-day moving average price is $26.51 and its 200-day moving average price is $31.03.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share (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 company posted $0.18 earnings per share. Equities research analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given 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 positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is 21.62%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HOG shares. UBS Group dropped their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Bank of America dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. DA Davidson dropped their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Finally, Morgan Stanley decreased their target price on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.57.

Insiders Place Their Bets

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction that occurred 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 completion of the transaction, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

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.