Nike, Inc. (NYSE:NKE).
Vontobel Asset Management Inc reports that it increased its ownership in Nike, Inc. shares by 604,970 shares in the last quarter. Its stake was valued at $303,885,000 an increase of $49,175,000 as of quarter end.
Other firms have also shifted positions in (NKE). As of quarter end Gateway Investment Advisers LLC had sold 1,575 shares trimming its position 1.5%. The value of the total investment in Nike, Inc. went from $5,681,000 to $5,921,000 a change of 4.2% quarter to quarter. Pennsylvania Trust Co cut its position by selling 1,220 shares a decrease of 2.4% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co now holds 49,791 shares with a value of $2,938,000. The total value of its holdings increased 3.3%.
Narwhal Capital Management trimmed its investment by shedding 5,925 shares a decrease of 27.8% in the quarter. Narwhal Capital Management now controls 15,375 shares worth $907,000. The value of the position overall is down by 23.6%.
On July 6 analysts at Raymond James started covering the stock giving it an initial rating of “Outperform”. On June 16 the stock rating was downgraded from “Neutral” to “Hold” by JP Morgan.
On December 6 the company was changed to a “Market Perform” in a report from Cowen & Co. which is down from the previous “Outperform” rating. On December 5 the company was upgraded to “Buy” from “Hold” in a report issued by HSBC.
Equity analyst Wedbush added the stock to its research portfolio with a rating of “Neutral”. On October 31, 2016 the stock rating was set at “Underperform” by Bank of America down from the previous “Neutral” rating.
In the market the company is trading up by 0.69 percent from yesterday’s close. Nike, Inc. also declared a dividend that was paid on Wednesday the 5th of July 2017. The dividend was $0.180 per share for the quarter which comes to $0.72 on an annualized basis. This dividend amount was represent a yeild of $1.24. The ex-dividend date was Thursday the 1st of June 2017.
It is currently trading at $58.58 just a bit higher than $52.82, the 50 day moving average and which is marginally higher than the 200 day moving average of $54.25. The 50 day moving average moved up $5.36 and the 200 day average went up by +7.25%.
The most current P/E ratio is 23.18 and market capitalization is 95.82B. In the last earnings report the EPS was $2.51 and is projected to be $2.43 for the current year with 1,646,900,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.54 and the next full year EPS is projected to be $2.81.