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

Obermeyer Wood Investment Counsel Lllp trimmed its stake in NIKE, Inc. (NYSE:NKE) by 46.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Calamos Advisors LLC boosted its holdings in NIKE by 6.9% during the fourth quarter. Calamos Advisors LLC now owns 604,858 shares of the footwear maker’s stock worth $65,669,000 after purchasing an additional 38,999 shares during the last quarter. Xponance Inc. boosted its stake in shares of NIKE by 1.2% in the 4th quarter. Xponance Inc. now owns 224,809 shares of the footwear maker’s stock valued at $24,408,000 after purchasing an additional 2,765 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of NIKE by 17.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 16,321 shares of the footwear maker’s stock valued at $1,772,000 after purchasing an additional 2,380 shares in the last quarter. Twin Capital Management Inc. boosted its stake in shares of NIKE by 2.3% in the 4th quarter. Twin Capital Management Inc. now owns 6,574 shares of the footwear maker’s stock valued at $714,000 after purchasing an additional 145 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in NIKE by 7.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,458 shares of the footwear maker’s stock valued at $1,678,000 after buying an additional 1,052 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 0.9 %

NKE traded up $0.90 during mid-day trading on Thursday, reaching $95.74. The stock had a trading volume of 10,057,996 shares, compared to its average volume of 9,591,682. NIKE, Inc. has a 52 week low of $88.66 and a 52 week 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 market capitalization of $144.51 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.80 and a beta of 1.08. The firm’s fifty day simple moving average is $98.47 and its two-hundred day simple moving average is $103.42.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion for 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 predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued 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 of this dividend was Friday, March 1st. NIKE’s dividend payout ratio is presently 43.53%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NKE shares. Jefferies Financial Group decreased their price objective on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Williams Trading reissued a “sell” rating and set a $85.00 price objective (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. Truist Financial reaffirmed a “hold” rating and set a $111.00 price target on shares of NIKE in a report on Tuesday, March 19th. Morgan Stanley cut their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus cut their target price on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

About NIKE

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.