Obermeyer Wood Investment Counsel Lllp Sells 3,494 Shares of NIKE, Inc. (NYSE:NKE)

Obermeyer Wood Investment Counsel Lllp trimmed its stake in shares of NIKE, Inc. (NYSE:NKE) by 46.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,084 shares of the footwear maker’s stock after selling 3,494 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in NIKE were worth $443,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Oliver Luxxe Assets LLC boosted its position in shares of NIKE by 2.9% during the third quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock valued at $3,587,000 after purchasing an additional 1,041 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in NIKE during the fourth quarter valued at $8,034,000. Financial Gravity Asset Management Inc. raised its stake in NIKE by 2,332.5% during the third quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock valued at $17,598,000 after buying an additional 176,476 shares during the last quarter. International Assets Investment Management LLC raised its stake in NIKE by 10,184.3% during the fourth quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock valued at $42,139,000 after buying an additional 384,357 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC raised its stake in NIKE by 55.6% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock valued at $21,080,000 after buying an additional 69,363 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a research note on Friday, February 16th. Jefferies Financial Group cut their price objective on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price objective (down from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on NIKE from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Up 0.9 %

Shares of NYSE:NKE traded up $0.90 on Thursday, hitting $95.74. 10,057,996 shares of the company’s stock were exchanged, compared to its average volume of 9,591,682. The firm’s 50-day moving average is $98.47 and its 200 day moving average is $103.42. The company has a market capitalization of $144.51 billion, a PE ratio of 27.89, a P/E/G ratio of 1.80 and a beta of 1.08. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Sell-side analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is 43.53%.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.