World Asset Management Inc Lowers Holdings in Nike Inc (NKE)

World Asset Management Inc decreased its position in Nike Inc (NYSE:NKE) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 130,520 shares of the footwear maker’s stock after selling 1,534 shares during the period. World Asset Management Inc owned about 7,943.09% of Nike worth $6,767,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Asset Planning Services Ltd. boosted its stake in shares of Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after acquiring an additional 7 shares during the last quarter. Atlantic Trust LLC acquired a new stake in shares of Nike during the second quarter valued at $136,000. Howe & Rusling Inc. boosted its stake in shares of Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after acquiring an additional 2,329 shares during the last quarter. Kistler Tiffany Companies LLC boosted its stake in shares of Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after acquiring an additional 1,209 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Nike by 7.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock worth $164,000 after buying an additional 201 shares during the last quarter. 62.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nike Inc (NYSE:NKE) opened at $63.65 on Wednesday. The company has a market capitalization of $103,258.71, a PE ratio of 27.55, a P/E/G ratio of 2.99 and a beta of 0.64. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. Nike Inc has a twelve month low of $50.35 and a twelve month high of $65.18.

Nike (NYSE:NKE) last announced its earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. research analysts predict that Nike Inc will post 2.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a dividend of $0.20 per share. This is an increase from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, December 1st. Nike’s dividend payout ratio (DPR) is presently 34.63%.

In other Nike news, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now directly owns 23,248 shares in the company, valued at approximately $1,441,376. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the sale, the chairman now owns 1,637,736 shares in the company, valued at $90,124,612.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 290,094 shares of company stock worth $17,480,160. Company insiders own 3.90% of the company’s stock.

A number of brokerages have issued reports on NKE. B. Riley reissued a “neutral” rating on shares of Nike in a research note on Wednesday, November 1st. JPMorgan Chase & Co. set a $60.00 price target on Nike and gave the stock a “neutral” rating in a research note on Wednesday. FBR & Co reissued a “hold” rating and issued a $53.00 price target on shares of Nike in a research note on Thursday, September 14th. Susquehanna Bancshares reissued a “neutral” rating and issued a $64.00 price target on shares of Nike in a research note on Tuesday, September 19th. Finally, Raymond James Financial decreased their price target on Nike from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 19th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $63.75.

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About Nike

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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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