Harley-Davidson, Inc. (NYSE:HOG) is Pragma Gestao DE Patrimonio Ltd.'s 5th Largest Position

Pragma Gestao DE Patrimonio Ltd. lowered its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 360,000 shares of the company's stock after selling 40,000 shares during the period. Harley-Davidson comprises 7.2% of Pragma Gestao DE Patrimonio Ltd.'s holdings, making the stock its 5th largest position. Pragma Gestao DE Patrimonio Ltd. owned approximately 0.27% of Harley-Davidson worth $13,871,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Harley-Davidson by 46.8% in the second quarter. Signaturefd LLC now owns 1,872 shares of the company's stock valued at $63,000 after acquiring an additional 597 shares during the period. Fifth Third Bancorp boosted its position in shares of Harley-Davidson by 19.5% in the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock valued at $66,000 after acquiring an additional 322 shares during the period. GAMMA Investing LLC boosted its position in shares of Harley-Davidson by 19.0% in the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company's stock valued at $67,000 after acquiring an additional 320 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Harley-Davidson by 191.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company's stock valued at $133,000 after acquiring an additional 2,626 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Harley-Davidson in the second quarter valued at approximately $139,000. 85.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the transaction, the director now directly owns 17,687 shares of the company's stock, valued at $570,405.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.87% of the company's stock.

Harley-Davidson Price Performance

Shares of HOG stock traded down $0.30 during trading hours on Friday, hitting $32.92. 1,268,062 shares of the company's stock were exchanged, compared to its average volume of 1,772,260. The company has a market capitalization of $4.33 billion, a PE ratio of 7.41, a PEG ratio of 0.43 and a beta of 1.46. Harley-Davidson, Inc. has a 12-month low of $26.35 and a 12-month high of $44.16. The business's 50 day simple moving average is $35.56 and its 200-day simple moving average is $35.27. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38.

Harley-Davidson announced that its Board of Directors has approved a share buyback plan on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 19.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Harley-Davidson Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HOG shares. Bank of America cut their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Robert W. Baird lowered shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $44.00 to $40.00 in a research report on Wednesday, October 2nd. UBS Group dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday. Citigroup dropped their target price on shares of Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Finally, StockNews.com lowered shares of Harley-Davidson from a "hold" rating to a "sell" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.57.

Harley-Davidson 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.