Rockefeller Financial Services Inc. Trims Holdings in Nike Inc (NKE)
Rockefeller Financial Services Inc. lowered its position in Nike Inc (NYSE:NKE) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,180,285 shares of the footwear maker’s stock after selling 2,472 shares during the quarter. Nike makes up approximately 1.2% of Rockefeller Financial Services Inc.’s portfolio, making the stock its 29th biggest position. Rockefeller Financial Services Inc.’s holdings in Nike were worth $73,827,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schaper Benz & Wise Investment Counsel Inc. WI increased its holdings in shares of Nike by 20.0% in the second 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 purchasing an additional 17,285 shares during the period. AR Asset Management Inc. increased its holdings in shares of Nike by 51.1% in the second quarter. AR Asset Management Inc. now owns 68,000 shares of the footwear maker’s stock valued at $4,012,000 after purchasing an additional 23,000 shares during the period. Parallel Advisors LLC increased its holdings in shares of Nike by 0.6% in the second quarter. Parallel Advisors LLC now owns 12,831 shares of the footwear maker’s stock valued at $758,000 after purchasing an additional 76 shares during the period. Usca Ria LLC increased its holdings in shares of Nike by 22.2% in the second quarter. Usca Ria LLC now owns 7,353 shares of the footwear maker’s stock valued at $434,000 after purchasing an additional 1,336 shares during the period. Finally, Great Lakes Advisors LLC increased its holdings in shares of Nike by 4.3% in the second quarter. Great Lakes Advisors LLC now owns 97,145 shares of the footwear maker’s stock valued at $5,732,000 after purchasing an additional 4,030 shares during the period. Institutional investors own 61.57% of the company’s stock.
In other news, 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 directly owns 23,248 shares in the company, valued at $1,441,376. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric D. Sprunk sold 226,040 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total value of $14,263,124.00. Following the completion of the sale, the insider now owns 165,591 shares in the company, valued at $10,448,792.10. The disclosure for this sale can be found here. Insiders sold 932,896 shares of company stock worth $59,594,217 over the last 90 days. Company insiders own 3.90% of the company’s stock.
Shares of Nike Inc (NYSE NKE) opened at $67.49 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67. Nike Inc has a 12-month low of $50.35 and a 12-month high of $69.00. The stock has a market capitalization of $110,110.00, a price-to-earnings ratio of 29.22, a PEG ratio of 3.09 and a beta of 0.68.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the business earned $0.50 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. sell-side analysts anticipate that Nike Inc will post 2.26 EPS for the current fiscal year.
The business 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 $0.20 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. Nike’s dividend payout ratio is currently 34.63%.
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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