BB&T Securities LLC lowered its position in Nike, Inc. (NYSE:NKE) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,273 shares of the footwear maker’s stock after selling 558 shares during the quarter. BB&T Securities LLC’s holdings in Nike were worth $4,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in NKE. V Wealth Management LLC purchased a new stake in shares of Nike in the second quarter valued at about $100,000. Asset Planning Services Ltd. grew its holdings in shares of Nike by 0.3% in the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares during the period. Rational Advisors LLC grew its holdings in shares of Nike by 14.3% in the first quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after purchasing an additional 321 shares during the period. Kistler Tiffany Companies LLC grew its holdings in shares of Nike by 91.7% in the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after purchasing an additional 1,209 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Nike by 7.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after purchasing an additional 201 shares during the period. 62.55% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on NKE shares. Morgan Stanley reissued a “buy” rating and issued a $64.00 price objective (down previously from $68.00) on shares of Nike in a report on Tuesday, August 29th. Telsey Advisory Group dropped their price objective on shares of Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Vetr raised shares of Nike from a “buy” rating to a “strong-buy” rating and set a $59.09 price objective for the company in a report on Wednesday, September 6th. Cowen and Company set a $54.00 price objective on shares of Nike and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $55.00 price objective (down previously from $56.00) on shares of Nike in a report on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Nike presently has a consensus rating of “Hold” and a consensus target price of $59.14.

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Nike, Inc. (NYSE:NKE) opened at 52.00 on Wednesday. Nike, Inc. has a 52-week low of $49.01 and a 52-week high of $60.53. The stock has a market capitalization of $85.23 billion, a price-to-earnings ratio of 22.14 and a beta of 0.61. The company has a 50-day moving average of $52.64 and a 200-day moving average of $54.80.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. The firm’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. Equities research analysts expect that Nike, Inc. will post $2.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. Nike’s payout ratio is currently 30.64%.

In related news, insider Eric D. Sprunk sold 112,323 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $58.61, for a total transaction of $6,583,251.03. Following the completion of the transaction, the insider now directly owns 139,551 shares in the company, valued at approximately $8,179,084.11. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Andrew Campion sold 5,722 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $59.40, for a total value of $339,886.80. Following the transaction, the chief financial officer now owns 34,976 shares of the company’s stock, valued at $2,077,574.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,045 shares of company stock valued at $7,778,338. 3.90% of the stock is owned by company insiders.

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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