Nike Inc (NKE) Shares Sold by Sterling Investment Advisors Ltd.

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.

A number of analysts have recently commented on the company. Citigroup restated a “buy” rating and issued a $74.00 target price on shares of Nike in a research note on Tuesday, December 19th. Canaccord Genuity upped their target price on Nike from $50.00 to $64.00 and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Zacks Investment Research upgraded Nike from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Tuesday, December 19th. Telsey Advisory Group upped their target price on Nike from $61.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Finally, Buckingham Research upped their target price on Nike from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $63.75.

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%.

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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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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