Crossvault Capital Management LLC reduced its position in shares of Nike Inc (NYSE:NKE) by 34.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 69,469 shares of the footwear maker’s stock after selling 35,820 shares during the quarter. Nike comprises approximately 2.1% of Crossvault Capital Management LLC’s holdings, making the stock its 22nd largest holding. Crossvault Capital Management LLC’s holdings in Nike were worth $3,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Asset Planning Services Ltd. lifted its position in Nike by 0.3% in the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after buying an additional 7 shares during the last quarter. Stearns Financial Services Group lifted its position in Nike by 0.4% in the second quarter. Stearns Financial Services Group now owns 4,160 shares of the footwear maker’s stock worth $245,000 after buying an additional 17 shares during the last quarter. Smith Shellnut Wilson LLC ADV lifted its position in Nike by 0.3% in the second quarter. Smith Shellnut Wilson LLC ADV now owns 14,894 shares of the footwear maker’s stock worth $822,000 after buying an additional 41 shares during the last quarter. Buckingham Asset Management LLC lifted its position in Nike by 0.7% in the second quarter. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker’s stock worth $401,000 after buying an additional 45 shares during the last quarter. Finally, Carroll Financial Associates Inc. lifted its position in Nike by 0.5% in the second quarter. Carroll Financial Associates Inc. now owns 9,139 shares of the footwear maker’s stock worth $539,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 62.56% of the company’s stock.

Shares of Nike Inc (NYSE:NKE) opened at $63.59 on Thursday. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29. Nike Inc has a twelve month low of $50.35 and a twelve month high of $65.18. The company has a market capitalization of $104,808.65, a PE ratio of 27.34, a P/E/G ratio of 3.02 and a beta of 0.64.

Nike (NYSE:NKE) last released its earnings results 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. Nike had a return on equity of 31.88% and a net margin of 11.47%. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. analysts expect that Nike Inc will post 2.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a dividend of $0.20 per share. This is an increase from Nike’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. Nike’s payout ratio is 34.04%.

In related news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the completion of the sale, the chairman now owns 1,502,830 shares of the company’s stock, valued at $97,683,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at approximately $1,511,120. The disclosure for this sale can be found here. Insiders have sold 290,094 shares of company stock valued at $17,480,160 in the last ninety days. Corporate insiders own 3.90% of the company’s stock.

A number of analysts recently issued reports on the company. Citigroup restated a “buy” rating and issued a $74.00 price target on shares of Nike in a research report on Tuesday. Canaccord Genuity raised their price target on Nike from $50.00 to $64.00 and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Nike from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday. Telsey Advisory Group raised their price target on Nike from $61.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Buckingham Research raised their price target on Nike from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $62.19.

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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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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