PDS Planning Inc Purchases 881 Shares of NIKE, Inc. (NYSE:NKE)

PDS Planning Inc boosted its position in NIKE, Inc. (NYSE:NKE) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,439 shares of the footwear maker’s stock after acquiring an additional 881 shares during the quarter. PDS Planning Inc’s holdings in NIKE were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Gimbal Financial bought a new position in NIKE in the fourth quarter valued at $219,000. Stephens Consulting LLC grew its stake in shares of NIKE by 76.9% during the fourth quarter. Stephens Consulting LLC now owns 690 shares of the footwear maker’s stock valued at $75,000 after buying an additional 300 shares during the last quarter. RWA Wealth Partners LLC grew its stake in shares of NIKE by 102.4% during the fourth quarter. RWA Wealth Partners LLC now owns 262,607 shares of the footwear maker’s stock valued at $28,511,000 after buying an additional 132,889 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in shares of NIKE by 3.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 3,645 shares of the footwear maker’s stock valued at $396,000 after buying an additional 121 shares during the last quarter. Finally, Monument Capital Management bought a new position in shares of NIKE during the fourth quarter valued at about $221,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.3 %

Shares of NKE traded up $0.24 on Tuesday, hitting $94.43. 2,671,683 shares of the stock traded hands, compared to its average volume of 9,509,204. The company has a market capitalization of $142.53 billion, a PE ratio of 27.84, a P/E/G ratio of 1.82 and a beta of 1.09. 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 business has a 50 day simple moving average of $97.85 and a 200 day simple moving average of $103.46. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

Analyst Ratings Changes

NKE has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective on shares of NIKE in a research note on Wednesday, March 27th. Morgan Stanley cut their target price 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 cut their target price on NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. TheStreet cut NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Finally, Stifel Nicolaus cut their target price on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, March 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.