FineMark National Bank & Trust boosted its position in shares of Nike, Inc. (NYSE:NKE) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,631 shares of the footwear maker’s stock after buying an additional 6,389 shares during the period. FineMark National Bank & Trust’s holdings in Nike were worth $7,732,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. CIBC World Markets Inc. raised its position in shares of Nike by 2.6% in the third quarter. CIBC World Markets Inc. now owns 76,206 shares of the footwear maker’s stock worth $4,012,000 after buying an additional 1,898 shares during the last quarter. Trust Department MB Financial Bank N A increased its stake in shares of Nike by 0.3% in the third quarter. Trust Department MB Financial Bank N A now owns 173,952 shares of the footwear maker’s stock worth $9,159,000 after buying an additional 526 shares during the period. Carmignac Gestion increased its stake in shares of Nike by 148.9% in the third quarter. Carmignac Gestion now owns 5,259,454 shares of the footwear maker’s stock worth $276,910,000 after buying an additional 3,146,536 shares during the period. Dividend Assets Capital LLC increased its stake in shares of Nike by 2.6% in the second quarter. Dividend Assets Capital LLC now owns 1,712,644 shares of the footwear maker’s stock worth $94,538,000 after buying an additional 43,935 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Nike by 8.3% in the third quarter. BNP Paribas Arbitrage SA now owns 892,711 shares of the footwear maker’s stock worth $47,001,000 after buying an additional 68,221 shares during the period. 61.07% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Shares of Nike, Inc. (NYSE:NKE) traded down 0.29% during trading on Friday, hitting $52.25. 1,054,304 shares of the stock traded hands. The firm has a 50-day moving average of $51.72 and a 200-day moving average of $53.84. Nike, Inc. has a 1-year low of $49.01 and a 1-year high of $65.44. The firm has a market capitalization of $86.45 billion, a price-to-earnings ratio of 23.04 and a beta of 0.47.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, December 20th. The footwear maker reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.07. The business earned $8.20 billion during the quarter. Nike had a net margin of 11.60% and a return on equity of 31.70%. Nike’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. On average, equities analysts forecast that Nike, Inc. will post $2.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Monday, December 5th were paid a $0.18 dividend. This is an increase from Nike’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, December 1st. This represents a $0.72 annualized dividend and a yield of 1.37%. Nike’s dividend payout ratio is presently 31.72%.

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A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $68.00 price objective on Nike and gave the company a “buy” rating in a research report on Sunday, December 25th. Piper Jaffray Companies set a $52.00 price objective on Nike and gave the company a “hold” rating in a research report on Sunday, December 18th. Citigroup Inc. reiterated a “buy” rating and set a $64.00 price objective on shares of Nike in a research report on Wednesday, December 21st. B. Riley reiterated a “neutral” rating and set a $55.00 price objective on shares of Nike in a research report on Saturday, October 1st. Finally, Deutsche Bank AG set a $65.00 target price on Nike and gave the company a “buy” rating in a report on Sunday, December 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.40.

In related news, Chairman Mark G. Parker sold 150,000 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $49.78, for a total value of $7,467,000.00. Following the completion of the transaction, the chairman now owns 1,985,225 shares of the company’s stock, valued at approximately $98,824,500.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John F. Slusher sold 136,000 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $52.13, for a total transaction of $7,089,680.00. Following the completion of the transaction, the executive vice president now directly owns 225,165 shares of the company’s stock, valued at approximately $11,737,851.45. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

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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