HPM Partners LLC Has $5.54 Million Position in Nike (NKE)
HPM Partners LLC increased its stake in shares of Nike (NYSE:NKE) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,560 shares of the footwear maker’s stock after buying an additional 3,826 shares during the quarter. HPM Partners LLC’s holdings in Nike were worth $5,539,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Stone Ridge Asset Management LLC bought a new position in shares of Nike during the 4th quarter worth approximately $4,834,000. Martin Currie Ltd. raised its position in Nike by 22.5% in the 4th quarter. Martin Currie Ltd. now owns 89,102 shares of the footwear maker’s stock valued at $5,573,000 after purchasing an additional 16,389 shares during the last quarter. Clearbridge Investments LLC raised its position in Nike by 10.0% in the 4th quarter. Clearbridge Investments LLC now owns 160,419 shares of the footwear maker’s stock valued at $10,034,000 after purchasing an additional 14,556 shares during the last quarter. Advisor Group Inc. raised its position in Nike by 8.4% in the 4th quarter. Advisor Group Inc. now owns 114,543 shares of the footwear maker’s stock valued at $7,165,000 after purchasing an additional 8,875 shares during the last quarter. Finally, Wafra Investment Advisory Group Inc. NY raised its position in Nike by 42.1% in the 4th quarter. Wafra Investment Advisory Group Inc. NY now owns 181,569 shares of the footwear maker’s stock valued at $11,357,000 after purchasing an additional 53,825 shares during the last quarter. Institutional investors and hedge funds own 65.65% of the company’s stock.
Nike (NYSE:NKE) opened at $64.42 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $107,947.40, a PE ratio of 27.89, a PEG ratio of 3.00 and a beta of 0.68. Nike has a 52-week low of $50.35 and a 52-week high of $70.25.
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 given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. Nike’s dividend payout ratio is currently 34.63%.
Several brokerages have issued reports on NKE. Oppenheimer upgraded Nike to a “buy” rating in a research report on Wednesday, January 31st. Stifel Nicolaus lifted their price objective on Nike from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Citigroup reiterated a “buy” rating and issued a $78.00 price objective (up previously from $74.00) on shares of Nike in a research report on Wednesday, January 31st. Zacks Investment Research downgraded Nike from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Buckingham Research lifted their price objective on Nike from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $66.96.
In other news, EVP John F. Slusher sold 100,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $63.09, for a total transaction of $6,309,000.00. Following the completion of the transaction, the executive vice president now directly owns 268,169 shares of the company’s stock, valued at $16,918,782.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric D. Sprunk sold 226,040 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $63.10, for a total value of $14,263,124.00. Following the transaction, the insider now directly owns 165,591 shares of the company’s stock, valued at $10,448,792.10. The disclosure for this sale can be found here. Insiders have sold 912,802 shares of company stock valued at $58,993,107 over the last ninety days. 3.90% of the stock is owned by insiders.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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