Tranquility Partners LLC Sells 3,637 Shares of NIKE, Inc. (NYSE:NKE)

Tranquility Partners LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,803 shares of the footwear maker’s stock after selling 3,637 shares during the period. NIKE makes up 1.3% of Tranquility Partners LLC’s portfolio, making the stock its 18th biggest position. Tranquility Partners LLC’s holdings in NIKE were worth $3,019,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NKE. Vestcor Inc raised its stake in shares of NIKE by 0.3% in the fourth quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock valued at $3,508,000 after buying an additional 81 shares during the period. Excalibur Management Corp raised its stake in shares of NIKE by 1.9% in the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after buying an additional 98 shares during the period. M Holdings Securities Inc. raised its stake in shares of NIKE by 2.7% in the first quarter. M Holdings Securities Inc. now owns 3,775 shares of the footwear maker’s stock valued at $463,000 after buying an additional 100 shares during the period. Bond & Devick Financial Network Inc. raised its stake in shares of NIKE by 1.3% in the third quarter. Bond & Devick Financial Network Inc. now owns 7,540 shares of the footwear maker’s stock valued at $721,000 after buying an additional 100 shares during the period. Finally, Baxter Bros Inc. raised its stake in shares of NIKE by 2.0% in the third quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock valued at $482,000 after buying an additional 100 shares during the period. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NKE shares. BMO Capital Markets boosted their price objective on NIKE from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, December 22nd. Raymond James boosted their price objective on NIKE from $121.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, December 19th. Morgan Stanley decreased their price objective on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Citigroup decreased their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Finally, Barclays decreased their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Trading Up 1.6 %

NKE traded up $1.45 during midday trading on Wednesday, reaching $94.84. 10,179,037 shares of the company’s stock traded hands, compared to its average volume of 9,585,350. The firm has a fifty day moving average of $98.65 and a two-hundred day moving average of $103.48. The stock has a market capitalization of $143.15 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 1.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, equities analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio is currently 43.53%.

NIKE Company 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.