Mosaic Family Wealth LLC raised its position in Nike Inc (NYSE:NKE) by 1.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 49,101 shares of the footwear maker’s stock after acquiring an additional 904 shares during the period. Nike comprises 1.0% of Mosaic Family Wealth LLC’s portfolio, making the stock its 15th biggest position. Mosaic Family Wealth LLC’s holdings in Nike were worth $2,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Trust Co. lifted its stake in Nike by 4.9% in the 2nd quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock valued at $13,597,000 after acquiring an additional 10,840 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its stake in Nike by 651.4% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock valued at $1,596,000 after acquiring an additional 23,450 shares in the last quarter. Royal Bank of Scotland Group PLC lifted its stake in Nike by 6.2% in the 1st quarter. Royal Bank of Scotland Group PLC now owns 207,834 shares of the footwear maker’s stock valued at $11,582,000 after acquiring an additional 12,201 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in Nike by 4.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock valued at $5,732,000 after acquiring an additional 4,030 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in Nike by 20.0% in the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 103,689 shares of the footwear maker’s stock valued at $6,118,000 after acquiring an additional 17,285 shares in 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 $64.81 on Tuesday. The stock has a market capitalization of $105,689.83, a price-to-earnings ratio of 27.57, a PEG ratio of 3.03 and a beta of 0.64. Nike Inc has a 1-year low of $50.35 and a 1-year high of $65.08. 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 (NYSE:NKE) last released its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. research analysts anticipate that Nike Inc will post 2.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. This is a positive change from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, December 1st. Nike’s dividend payout ratio is 34.04%.

In related news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the executive vice president now owns 23,248 shares of the company’s stock, valued at $1,441,376. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

A number of equities research analysts have recently issued reports on NKE shares. Vetr upgraded Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price objective on the stock in a research note on Wednesday, October 4th. Susquehanna Bancshares reiterated a “hold” rating and set a $57.00 price objective on shares of Nike in a research note on Wednesday, December 13th. Jefferies Group cut Nike from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $60.00 in a research note on Monday, August 21st. Canaccord Genuity reiterated a “hold” rating and set a $50.00 price objective (down previously from $51.00) on shares of Nike in a research note on Wednesday, September 27th. Finally, Instinet reiterated a “buy” rating and set a $62.00 price objective (up previously from $59.00) on shares of Nike in a research note on Wednesday, September 27th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty have issued a buy rating to the company. Nike presently has an average rating of “Hold” and a consensus target price of $61.27.

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Nike 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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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