Marshall Wace North America L.P. lifted its holdings in Nike Inc (NYSE:NKE) by 2,966.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,883 shares of the footwear maker’s stock after purchasing an additional 266,886 shares during the period. Marshall Wace North America L.P.’s holdings in Nike were worth $23,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in NKE. Fuller & Thaler Asset Management Inc. acquired a new stake in Nike in the 2nd quarter worth about $104,000. BDO Wealth Advisors LLC boosted its holdings in Nike by 1,044.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock worth $111,000 after buying an additional 1,274 shares during the last quarter. Resources Management Corp CT ADV acquired a new stake in Nike in the 3rd quarter worth about $113,000. Stelac Advisory Services LLC acquired a new stake in Nike in the 3rd quarter worth about $115,000. Finally, CSat Investment Advisory L.P. acquired a new stake in Nike in the 2nd quarter worth about $119,000. Hedge funds and other institutional investors own 64.09% of the company’s stock.

In related news, EVP Monique S. Matheson sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $83.15, for a total value of $1,413,550.00. Following the transaction, the executive vice president now directly owns 104,737 shares in the company, valued at $8,708,881.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $85.05, for a total value of $1,360,800.00. Following the completion of the transaction, the director now owns 26,963 shares in the company, valued at $2,293,203.15. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $4,219,350 over the last quarter. 3.90% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on NKE shares. Wedbush lifted their price objective on Nike from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 10th. Wells Fargo & Co set a $82.00 price objective on Nike and gave the stock a “hold” rating in a report on Monday, September 10th. Morgan Stanley set a $103.00 price objective on Nike and gave the stock a “buy” rating in a report on Tuesday, September 25th. Oppenheimer upgraded Nike from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Thursday, October 18th. Finally, HSBC reiterated a “neutral” rating and issued a $92.00 price objective on shares of Nike in a report on Wednesday, October 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $85.85.

NKE opened at $73.34 on Friday. Nike Inc has a one year low of $60.13 and a one year high of $86.04. The company has a market capitalization of $119.97 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.36 and a beta of 0.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.31.

Nike (NYSE:NKE) last released its quarterly earnings data on Tuesday, September 25th. The footwear maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Nike had a return on equity of 40.69% and a net margin of 5.57%. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.92 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts anticipate that Nike Inc will post 2.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be issued a $0.22 dividend. The ex-dividend date is Friday, November 30th. This is a boost from Nike’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.20%. Nike’s dividend payout ratio is currently 36.36%.

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Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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