Sterling Investment Advisors Ltd. lessened its position in shares of Nike Inc (NYSE:NKE) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,150 shares of the footwear maker’s stock after selling 900 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Nike were worth $1,356,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC boosted its stake in shares of Nike by 11.6% in the third quarter. Global X MANAGEMENT CO LLC now owns 19,753 shares of the footwear maker’s stock worth $1,024,000 after buying an additional 2,061 shares during the last quarter. YCG LLC boosted its stake in shares of Nike by 8.1% in the third quarter. YCG LLC now owns 330,535 shares of the footwear maker’s stock worth $17,140,000 after buying an additional 24,687 shares during the last quarter. Telemus Capital LLC boosted its stake in shares of Nike by 3.0% in the third quarter. Telemus Capital LLC now owns 34,276 shares of the footwear maker’s stock worth $1,777,000 after buying an additional 1,013 shares during the last quarter. Swiss National Bank boosted its stake in shares of Nike by 0.6% in the third quarter. Swiss National Bank now owns 4,872,268 shares of the footwear maker’s stock worth $252,627,000 after buying an additional 30,400 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Nike in the third quarter worth about $416,000. Institutional investors and hedge funds own 62.67% of the company’s stock.
In other news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the completion of the transaction, the chairman now directly owns 1,502,830 shares in the company, valued at $97,683,950. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now owns 23,248 shares of the company’s stock, valued at $1,441,376. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 290,094 shares of company stock valued at $17,480,160. Company insiders own 3.90% of the company’s stock.
Nike Inc (NYSE NKE) opened at $62.95 on Thursday. Nike Inc has a 52-week low of $50.35 and a 52-week high of $65.18. The company has a market capitalization of $102,700.00, a price-to-earnings ratio of 27.25, a PEG ratio of 2.99 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46.
Nike (NYSE:NKE) last released its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The business had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. equities research analysts predict that Nike Inc will post 2.27 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be given a dividend of $0.20 per share. This is a positive change from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, December 1st. Nike’s dividend payout ratio (DPR) is currently 34.63%.
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.
Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).
What are top analysts saying about Nike? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nike and related companies.