Nike (NKE) Stock Rose While Pittenger & Anderson Cut Its Stake; Price T Rowe Group Com (TROW) Shareholder Groesbeck Investment Management Boosted Stake by $995,592

April 24, 2018 - By Lawrence Diaz

NIKE, Inc. (NYSE:NKE) Logo

Groesbeck Investment Management Corp increased its stake in Price T Rowe Group Inc Com (TROW) by 50.54% based on its latest 2017Q4 regulatory filing with the SEC. Groesbeck Investment Management Corp bought 9,573 shares as the company’s stock rose 0.82% while stock markets declined. The institutional investor held 28,513 shares of the finance company at the end of 2017Q4, valued at $2.99 million, up from 18,940 at the end of the previous reported quarter. Groesbeck Investment Management Corp who had been investing in Price T Rowe Group Inc Com for a number of months, seems to be bullish on the $26.57B market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $108.63. About 156,754 shares traded. T. Rowe Price Group, Inc. (NASDAQ:TROW) has risen 56.88% since April 24, 2017 and is uptrending. It has outperformed by 45.33% the S&P500.

Pittenger & Anderson Inc decreased its stake in Nike Inc (NKE) by 16.15% based on its latest 2017Q4 regulatory filing with the SEC. Pittenger & Anderson Inc sold 19,266 shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 100,025 shares of the consumer non-durables company at the end of 2017Q4, valued at $6.26 million, down from 119,291 at the end of the previous reported quarter. Pittenger & Anderson Inc who had been investing in Nike Inc for a number of months, seems to be less bullish one the $108.13B market cap company. The stock increased 0.31% or $0.21 during the last trading session, reaching $67.09. About 1.10M shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 24, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 233 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, September 27, the company rating was maintained by Canaccord Genuity. The firm earned “Neutral” rating on Friday, August 26 by B. Riley & Co. The company was maintained on Friday, August 4 by Cowen & Co. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 21. Morgan Stanley maintained NIKE, Inc. (NYSE:NKE) on Wednesday, September 27 with “Overweight” rating. The company was maintained on Wednesday, September 28 by DA Davidson. On Thursday, December 17 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Thursday, March 23 by M Partners. The stock of NIKE, Inc. (NYSE:NKE) has “Hold” rating given on Friday, June 30 by Piper Jaffray. The stock has “Buy” rating by Oppenheimer on Wednesday, January 31.

Since December 11, 2017, it had 0 insider purchases, and 8 insider sales for $45.81 million activity. PARKER MARK G sold $9.45M worth of stock. $650,000 worth of stock was sold by Matheson Monique S. on Friday, December 15. Slusher John F sold $4.75 million worth of stock or 74,278 shares. EDWARDS TREVOR A also sold $6.85 million worth of NIKE, Inc. (NYSE:NKE) on Wednesday, January 31.

Pittenger & Anderson Inc, which manages about $1.04B and $1.14 billion US Long portfolio, upped its stake in Vanguard Index Fds (VB) by 8,023 shares to 101,080 shares, valued at $14.94M in 2017Q4, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHF) by 35,781 shares in the quarter, for a total of 331,968 shares, and has risen its stake in Ppg Inds Inc (NYSE:PPG).

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on July, 5. They expect $0.64 earnings per share, up 6.67% or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03 billion for 26.21 P/E if the $0.64 EPS becomes a reality. After $0.68 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.06, from 0.8 in 2017Q3. It dived, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. State Street Corporation, a Massachusetts-based fund reported 59.69 million shares. Cullen Frost Bankers has invested 0.15% in NIKE, Inc. (NYSE:NKE). Cypress Cap Mngmt Llc (Wy) holds 0.71% or 10,026 shares in its portfolio. The Massachusetts-based Eagleclaw Cap Managment Llc has invested 3.55% in NIKE, Inc. (NYSE:NKE). Comml Bank Of The West owns 37,487 shares. Reilly Fin Limited Liability holds 1.6% or 179,717 shares in its portfolio. Peregrine Asset Advisers invested 0.85% in NIKE, Inc. (NYSE:NKE). Wealthcare Capital Management Lc holds 400 shares. Atria Investments Ltd Liability Company holds 0.1% or 32,207 shares. Sunbelt invested in 0.45% or 7,431 shares. Liberty Cap holds 0.01% in NIKE, Inc. (NYSE:NKE) or 400 shares. Ls Invest Advsrs Ltd Liability Company reported 0.15% of its portfolio in NIKE, Inc. (NYSE:NKE). Bancorp Of Hawaii accumulated 0.07% or 13,180 shares. Columbia Asset Mgmt holds 88,054 shares. Calamos Advsr Limited Liability accumulated 0.11% or 344,247 shares.

Among 15 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. T. Rowe Price Group Inc had 81 analyst reports since August 5, 2015 according to SRatingsIntel. Citigroup maintained it with “Neutral” rating and $115 target in Thursday, February 22 report. On Friday, October 14 the stock rating was maintained by Wood with “Market Perform”. The stock has “Hold” rating by Deutsche Bank on Wednesday, July 20. The firm earned “Sell” rating on Wednesday, May 24 by UBS. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Buy” rating given on Monday, August 17 by Deutsche Bank. Morgan Stanley maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) on Thursday, February 22 with “Equal-Weight” rating. As per Friday, October 27, the company rating was maintained by Citigroup. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Hold” rating given on Monday, May 29 by Keefe Bruyette & Woods. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, October 13. The company was downgraded on Tuesday, March 15 by Bank of America.

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