Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Pragma Gestao DE Patrimonio Ltd.

Pragma Gestao DE Patrimonio Ltd. trimmed its stake in Harley-Davidson, Inc. (NYSE:HOG) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,000 shares of the company’s stock after selling 40,000 shares during the period. Harley-Davidson comprises approximately 7.2% of Pragma Gestao DE Patrimonio Ltd.’s investment portfolio, making the stock its 5th biggest position. Pragma Gestao DE Patrimonio Ltd.’s holdings in Harley-Davidson were worth $13,871,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HOG. Texas Permanent School Fund Corp boosted its position in Harley-Davidson by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 110,800 shares of the company’s stock valued at $4,846,000 after acquiring an additional 1,445 shares during the last quarter. Empowered Funds LLC bought a new stake in Harley-Davidson during the first quarter valued at $296,000. Illinois Municipal Retirement Fund boosted its position in Harley-Davidson by 42.7% during the first quarter. Illinois Municipal Retirement Fund now owns 80,010 shares of the company’s stock valued at $3,500,000 after acquiring an additional 23,958 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in Harley-Davidson during the first quarter valued at $200,000. Finally, State Board of Administration of Florida Retirement System boosted its position in Harley-Davidson by 3.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 164,274 shares of the company’s stock valued at $7,185,000 after acquiring an additional 5,622 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $32.93 on Friday. Harley-Davidson, Inc. has a fifty-two week low of $26.35 and a fifty-two week high of $44.16. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.43 and a beta of 1.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The firm’s 50-day simple moving average is $35.56 and its 200 day simple moving average is $35.30.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a yield of 2.10%. Harley-Davidson’s dividend payout ratio (DPR) is 15.54%.

Harley-Davidson announced that its board has approved a stock buyback plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 19.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HOG. Citigroup cut their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Bank of America cut their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group cut their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, StockNews.com cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.57.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

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.