Prologis, Inc. (PLD) Reaches $62.60 Formed H&S; Peapack Gladstone Financial Trimmed Nike (NKE) Position By $472.68 Million

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Prologis, Inc. (PLD) formed H&S with $59.47 target or 5.00% below today’s $62.60 share price. Prologis, Inc. (PLD) has $33.79B valuation. The stock increased 0.55% or $0.34 during the last trading session, reaching $62.6. About 2.39 million shares traded. Prologis, Inc. (NYSE:PLD) has risen 24.40% since April 17, 2017 and is uptrending. It has outperformed by 12.85% the S&P500.

Peapack Gladstone Financial Corp decreased Nike Inc (NKE) stake by 22.66% reported in 2017Q4 SEC filing. Peapack Gladstone Financial Corp sold 7,557 shares as Nike Inc (NKE)’s stock rose 4.55%. The Peapack Gladstone Financial Corp holds 25,790 shares with $1.61B value, down from 33,347 last quarter. Nike Inc now has $108.09B valuation. The stock decreased 0.28% or $0.19 during the last trading session, reaching $67.06. About 6.48M shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 17, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.06, from 0.8 in 2017Q3. It dropped, 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. Barclays Public Lc reported 0.15% of its portfolio in NIKE, Inc. (NYSE:NKE). Thomas White Intll Ltd has invested 0.12% in NIKE, Inc. (NYSE:NKE). Mariner Wealth Ltd Com has invested 0.25% in NIKE, Inc. (NYSE:NKE). Provise Mgmt Group Lc stated it has 0.05% in NIKE, Inc. (NYSE:NKE). Private Wealth Partners Ltd Llc owns 36,000 shares for 0.42% of their portfolio. Selway Asset Management holds 1.55% in NIKE, Inc. (NYSE:NKE) or 42,100 shares. Orca Invest Management Lc owns 32,461 shares or 1.77% of their US portfolio. Tobam has 6,942 shares for 0.02% of their portfolio. Optimum Advsrs accumulated 23,080 shares or 0.46% of the stock. Sanctuary Wealth Advsrs Ltd has invested 0.06% in NIKE, Inc. (NYSE:NKE). Drw Securities stated it has 18,408 shares or 0.12% of all its holdings. Adage Cap Prns Gru Incorporated Ltd Liability Corp reported 0.2% stake. Legal And General Group Public Limited Company, United Kingdom-based fund reported 6.68 million shares. Polen Capital Mgmt Limited Co stated it has 5.92% of its portfolio in NIKE, Inc. (NYSE:NKE). Connors Investor Svcs invested 1.46% in NIKE, Inc. (NYSE:NKE).

Peapack Gladstone Financial Corp increased Procter & Gamble Co (NYSE:PG) stake by 5,184 shares to 211,243 valued at $19.41B in 2017Q4. It also upped Northrop Grumman Corporation (NYSE:NOC) stake by 128 shares and now owns 1,299 shares. American Elec Pwr Inc (NYSE:AEP) was raised too.

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 $1.03B for 26.20 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.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 232 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup maintained the shares of NKE in report on Tuesday, December 19 with “Buy” rating. As per Sunday, January 7, the company rating was maintained by Canaccord Genuity. On Thursday, December 14 the stock rating was maintained by Wedbush with “Hold”. The firm has “Overweight” rating given on Thursday, March 23 by Barclays Capital. The rating was maintained by S&P Research on Monday, September 28 with “Buy”. The firm earned “Hold” rating on Wednesday, September 28 by Canaccord Genuity. JP Morgan maintained the shares of NKE in report on Monday, March 21 with “Overweight” rating. DA Davidson maintained NIKE, Inc. (NYSE:NKE) on Wednesday, June 29 with “Buy” rating. As per Wednesday, June 29, the company rating was maintained by Piper Jaffray. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, October 19.

Since December 11, 2017, it had 0 insider buys, and 8 insider sales for $45.81 million activity. The insider Matheson Monique S. sold $650,000. EDWARDS TREVOR A also sold $6.85 million worth of NIKE, Inc. (NYSE:NKE) shares. PARKER MARK G sold $8.78 million worth of stock or 135,000 shares. 125,722 shares were sold by Slusher John F, worth $7.94 million. 100,000 shares valued at $6.77 million were sold by SPRUNK ERIC D on Monday, January 29.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart