Cpwm LLC cut its holdings in Nike Inc (NYSE:NKE) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,926 shares of the footwear maker’s stock after selling 2,926 shares during the quarter. Cpwm LLC’s holdings in Nike were worth $2,497,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in NKE. Schaper Benz & Wise Investment Counsel Inc. WI lifted 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 buying an additional 17,285 shares during the last quarter. AR Asset Management Inc. lifted its position in shares of Nike by 51.1% during the second quarter. AR Asset Management Inc. now owns 68,000 shares of the footwear maker’s stock valued at $4,012,000 after buying an additional 23,000 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Nike by 0.6% during the second quarter. Parallel Advisors LLC now owns 12,831 shares of the footwear maker’s stock valued at $758,000 after buying an additional 76 shares during the last quarter. Usca Ria LLC lifted its position in shares of Nike by 22.2% during the second quarter. Usca Ria LLC now owns 7,353 shares of the footwear maker’s stock valued at $434,000 after buying an additional 1,336 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted 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 buying an additional 4,030 shares during the last quarter. 61.57% of the stock is owned by institutional investors.
In other news, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric D. Sprunk sold 100,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $67.66, for a total value of $6,766,000.00. Following the transaction, the insider now owns 227,199 shares in the company, valued at approximately $15,372,284.34. The disclosure for this sale can be found here. Insiders have sold a total of 932,896 shares of company stock worth $59,594,217 in the last ninety days. Corporate insiders own 3.90% of the company’s stock.
Shares of Nike Inc (NKE) opened at $67.49 on Wednesday. The company has a market cap of $110,110.00, a P/E ratio of 29.22, a PEG ratio of 3.09 and a beta of 0.68. Nike Inc has a one year low of $50.35 and a one year high of $69.00. 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 issued its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. research analysts forecast that Nike Inc will post 2.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. Nike’s payout ratio is 34.63%.
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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