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

Tranquility Partners LLC trimmed its position in NIKE, Inc. (NYSE:NKE) by 11.6% during the 4th quarter, HoldingsChannel reports. The firm owned 27,803 shares of the footwear maker’s stock after selling 3,637 shares during the quarter. NIKE accounts for about 1.3% of Tranquility Partners LLC’s investment portfolio, making the stock its 18th largest holding. Tranquility Partners LLC’s holdings in NIKE were worth $3,019,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Morgan Stanley grew its position in NIKE by 26.4% in the fourth quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock worth $3,594,561,000 after acquiring an additional 6,410,744 shares in the last quarter. Alliancebernstein L.P. grew its position in NIKE by 7.2% in the second quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock worth $2,469,185,000 after acquiring an additional 1,493,704 shares in the last quarter. FMR LLC grew its position in NIKE by 0.7% in the third quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after acquiring an additional 125,746 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in NIKE by 139,649.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock worth $1,967,325,000 after acquiring an additional 16,801,276 shares in the last quarter. Finally, Northern Trust Corp grew its position in NIKE by 4.5% in the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after acquiring an additional 674,198 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent research reports. Telsey Advisory Group dropped their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. TD Cowen restated a “market perform” rating and set a $104.00 target price (down previously from $129.00) on shares of NIKE in a research report on Friday, December 22nd. Williams Trading restated a “sell” rating and set a $85.00 target price (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. dropped their target price on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Up 1.6 %

NYSE:NKE traded up $1.45 during trading hours on Wednesday, reaching $94.84. The company’s stock had a trading volume of 10,179,037 shares, compared to its average volume of 9,585,350. The company has a market capitalization of $143.15 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08. NIKE, Inc. has a 12 month low of $88.66 and a 12 month 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. The stock has a 50 day moving average price of $98.65 and a two-hundred day moving average price of $103.48.

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

NIKE Dividend Announcement

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