2,203 Shares in Nike Inc (NKE) Purchased by Willingdon Wealth Management
Willingdon Wealth Management acquired a new stake in Nike Inc (NYSE:NKE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,203 shares of the footwear maker’s stock, valued at approximately $114,000.
Other institutional investors have also bought and sold shares of the company. Asset Planning Services Ltd. increased its position in shares of Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares in the last quarter. Atlantic Trust LLC purchased a new stake in shares of Nike during the second quarter worth approximately $136,000. Howe & Rusling Inc. increased its position in shares of Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after purchasing an additional 2,329 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Nike by 7.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock worth $164,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 62.67% of the company’s stock.
In other news, EVP Monique S. Matheson sold 10,000 shares of the company’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 approximately $1,441,376. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 967,896 shares of company stock worth $60,257,267. Corporate insiders own 3.90% of the company’s stock.
Several analysts recently commented on the company. Goldman Sachs Group set a $59.00 price target on Nike and gave the stock a “neutral” rating in a research report on Thursday, December 14th. HSBC cut Nike from a “buy” rating to a “hold” rating and boosted their price target for the stock from $58.95 to $62.00 in a research report on Tuesday, November 28th. Buckingham Research assumed coverage on Nike in a research report on Sunday, December 31st. They set a “buy” rating and a $72.00 price target for the company. Zacks Investment Research upgraded Nike from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, B. Riley boosted their price target on Nike from $53.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.09.
Nike Inc (NYSE:NKE) opened at $63.98 on Friday. Nike Inc has a 12 month low of $50.35 and a 12 month high of $65.18. The company has a market capitalization of $104,380.00, a price-to-earnings ratio of 27.70, a PEG ratio of 2.88 and a beta of 0.64. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30.
Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts expect that Nike Inc will post 2.25 earnings per share for the current year.
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 $0.20 dividend. 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 positive change from Nike’s previous quarterly dividend of $0.18. Nike’s dividend payout ratio is 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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