Nike, Inc. (NKE) Stake Held by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas continued to hold its stake in shares of Nike, Inc. (NYSE:NKE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,620 shares of the footwear maker’s stock at the end of the second quarter. Community Bank & Trust Waco Texas’ holdings in Nike were worth $1,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Nike by 1.4% in the 1st quarter. State Street Corp now owns 59,554,253 shares of the footwear maker’s stock valued at $3,319,086,000 after purchasing an additional 835,003 shares during the period. Wellington Management Group LLP grew its stake in shares of Nike by 5.0% in the 1st quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock valued at $2,781,332,000 after purchasing an additional 2,375,447 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Nike by 9.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,679,290 shares of the footwear maker’s stock valued at $706,617,000 after purchasing an additional 1,130,409 shares during the period. Edgewood Management LLC grew its stake in shares of Nike by 3.9% in the 1st quarter. Edgewood Management LLC now owns 11,873,490 shares of the footwear maker’s stock valued at $661,710,000 after purchasing an additional 441,507 shares during the period. Finally, Polen Capital Management LLC grew its stake in shares of Nike by 9.0% in the 1st quarter. Polen Capital Management LLC now owns 11,350,849 shares of the footwear maker’s stock valued at $632,583,000 after purchasing an additional 940,716 shares during the period. Hedge funds and other institutional investors own 62.46% of the company’s stock.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.45, for a total transaction of $855,200.00. Following the completion of the transaction, the director now owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

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Several research firms have recently weighed in on NKE. Zacks Investment Research upgraded Nike from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Citigroup Inc. reiterated a “buy” rating and issued a $65.00 price objective (down from $67.00) on shares of Nike in a research note on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $58.00 price objective (down from $63.00) on shares of Nike in a research note on Monday, August 21st. Vetr lowered Nike from a “buy” rating to a “hold” rating and set a $57.75 price objective on the stock. in a research note on Thursday, October 26th. Finally, FBR & Co reiterated a “hold” rating and issued a $53.00 price objective on shares of Nike in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.93.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the prior year, the firm posted $0.73 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year.

Nike Company Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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