Nike Inc (NKE) Shares Sold by Personal Capital Advisors Corp
Personal Capital Advisors Corp lessened its stake in Nike Inc (NYSE:NKE) by 92.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,063 shares of the footwear maker’s stock after selling 76,013 shares during the period. Personal Capital Advisors Corp’s holdings in Nike were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of Nike by 4,252.6% during the second quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after buying an additional 16,237,557 shares during the period. Capital World Investors boosted its stake in shares of Nike by 58.7% during the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after buying an additional 8,058,601 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Nike by 7,020.1% during the first quarter. OppenheimerFunds Inc. now owns 5,349,793 shares of the footwear maker’s stock worth $298,145,000 after buying an additional 5,274,656 shares during the period. Orbis Allan Gray Ltd acquired a new stake in shares of Nike during the second quarter worth about $226,588,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Nike by 25.5% during the second quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock worth $880,730,000 after buying an additional 3,033,280 shares during the period. Institutional investors own 62.78% of the company’s stock.
In other Nike news, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the transaction, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at $1,441,376. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the completion of the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at $90,124,612.08. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Shares of Nike Inc (NYSE NKE) traded up $2.13 during trading on Thursday, reaching $64.30. 16,072,500 shares of the company’s stock were exchanged, compared to its average volume of 9,565,464. Nike Inc has a 12 month low of $50.35 and a 12 month high of $64.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. The stock has a market capitalization of $105,440.00, a PE ratio of 26.46, a PEG ratio of 2.91 and a beta of 0.64.
Nike (NYSE:NKE) last issued its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.08 billion. During the same period last year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. research analysts predict that Nike Inc will post 2.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. Nike’s dividend payout ratio (DPR) is 34.19%.
NKE has been the subject of several recent research reports. Vetr upgraded shares of Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 target price for the company in a research note on Wednesday, October 4th. Susquehanna Bancshares reiterated a “hold” rating and set a $57.00 target price on shares of Nike in a research note on Wednesday. Jefferies Group downgraded shares of Nike from a “buy” rating to a “hold” rating and decreased their target price 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 target price (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 target price (up previously from $59.00) on shares of Nike in a research note on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have given a buy rating to the company’s stock. Nike has a consensus rating of “Hold” and an average price target of $60.14.
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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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