Kimelman & Baird, LLC Lowers Its Holdings in Nike, Inc. (NKE) Last Quarter

Postado Agosto 23, 2017

Kimelman & Baird, LLC reports that it increased its investment in Mastercard Incorporated shares by 765 shares as reported in a filing on 08/22/2017. Sentry Investment Management LLC grew its holdings by buying 993 shares an increase of 1.0% in the quarter. Its investment stood at $17,459,000 a decrease of $10,467,000 as of the end of the quarter. Akre Capital Management LLC trimmed its position by shedding 629,065 shares a decrease of 11.8% from 03/31/2017 to 06/30/2016. Sentry Investment Management LLC controls 104,569 shares worth $6,170,000. The value of the position overall is up by 997.8%. The total value of its holdings decreased 30.9%.

As of the end of the quarter 1st Global Advisors, Inc. had disposed of 468 shares trimming its position 5.8%. The total value of its holdings increased 26.0%.

On August 21 the stock rating was downgraded to "Overweight" from "Neutral" in a report from Jefferies.

Needham added NKE to its research portfolio by announcing an initial rating of "Hold".

In the market the company is trading up from yesterday's close of $75.93. The company also recently declared a dividend for shareholders paid on Wednesday the 5th of July 2017. The dividend payment will be $0.470 per share for the quarter which is $1.88 annualized. This dividend amount was represent a yeild of $0.67. The ex-dividend date was set for Thursday the 1st of June 2017. The stock is trading at $32.13 slightly over $31.44, the 50 day moving average and which is quite a bit below the 200 day moving average of $40.66. The 50 day moving average was up $5.57 or +7.37% and the 200 day average was up $8.30.

The P/E ratio is 33.80 and market capitalization is 170.24B. In the latest earnings report the EPS was $4.03 and is estimated to be $4.40 for the current year with 1,064,897,000 shares now outstanding. Next quarter's EPS is forecasted at $0.96 and the next full year EPS is projected to be $4.19.