Barr E S & Co. decreased its holdings in shares of Nike Inc (NYSE:NKE) by 0.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,056 shares of the footwear maker’s stock after selling 1,128 shares during the period. Nike accounts for 1.6% of Barr E S & Co.’s portfolio, making the stock its 26th largest position. Barr E S & Co.’s holdings in Nike were worth $14,625,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Trust Co. increased its position in shares of Nike by 4.9% during the second quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock valued at $13,597,000 after acquiring an additional 10,840 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in shares of Nike by 651.4% during the second quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock valued at $1,596,000 after acquiring an additional 23,450 shares in the last quarter. Great Lakes Advisors LLC increased its position in shares of Nike by 4.3% during the second quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock valued at $5,732,000 after acquiring an additional 4,030 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Nike by 20.0% during the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 103,689 shares of the footwear maker’s stock valued at $6,118,000 after acquiring an additional 17,285 shares in the last quarter. Finally, Airain ltd bought a new stake in shares of Nike during the second quarter valued at approximately $3,189,000. 62.67% of the stock is owned by institutional investors and hedge funds.
Nike Inc (NYSE NKE) opened at $64.09 on Wednesday. The firm has a market cap of $104,560.00, a price-to-earnings ratio of 27.74, a PEG ratio of 2.90 and a beta of 0.64. Nike Inc has a one year low of $50.35 and a one year high of $65.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio (DPR) is currently 34.63%.
In related news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the transaction, the chairman now owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction on Friday, December 15th. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 23,248 shares in the company, valued at approximately $1,511,120. The disclosure for this sale can be found here. Insiders have sold a total of 967,896 shares of company stock worth $60,257,267 in the last quarter. Corporate insiders own 3.90% of the company’s stock.
NKE has been the subject of several analyst reports. JPMorgan Chase & Co. set a $58.00 price target on shares of Nike and gave the company a “neutral” rating in a research report on Tuesday, January 2nd. Goldman Sachs Group set a $62.00 price target on shares of Nike and gave the company a “neutral” rating in a research report on Thursday, December 28th. Buckingham Research began coverage on shares of Nike in a research report on Sunday, December 31st. They set a “buy” rating and a $72.00 price target for the company. Bank of America set a $42.00 target price on shares of Nike and gave the stock a “sell” rating in a report on Friday, December 22nd. Finally, Morgan Stanley set a $64.00 target price on shares of Nike and gave the stock a “buy” rating in a report on Monday, September 18th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $64.14.
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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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