Westpac Banking Corp lessened its holdings in Nike Inc (NYSE:NKE) by 38.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,629 shares of the footwear maker’s stock after selling 52,506 shares during the quarter. Westpac Banking Corp’s holdings in Nike were worth $4,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NKE. Neuberger Berman Group LLC boosted its holdings in Nike by 43.5% in the 1st quarter. Neuberger Berman Group LLC now owns 2,209,161 shares of the footwear maker’s stock valued at $123,117,000 after purchasing an additional 670,079 shares in the last quarter. Mastrapasqua Asset Management Inc. boosted its holdings in Nike by 2.5% in the 1st quarter. Mastrapasqua Asset Management Inc. now owns 163,367 shares of the footwear maker’s stock valued at $9,104,000 after purchasing an additional 3,982 shares in the last quarter. WFG Advisors LP boosted its holdings in Nike by 87.4% in the 1st quarter. WFG Advisors LP now owns 4,178 shares of the footwear maker’s stock valued at $233,000 after purchasing an additional 1,948 shares in the last quarter. Tredje AP fonden boosted its stake in shares of Nike by 3.8% during the 1st quarter. Tredje AP fonden now owns 118,221 shares of the footwear maker’s stock worth $6,610,000 after acquiring an additional 4,275 shares in the last quarter. Finally, Roundview Capital LLC boosted its stake in shares of Nike by 2.2% during the 1st quarter. Roundview Capital LLC now owns 36,022 shares of the footwear maker’s stock worth $2,008,000 after acquiring an additional 785 shares in the last quarter. 62.56% of the stock is currently owned by institutional investors.

Nike Inc (NYSE NKE) opened at $64.24 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $105,738.61, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 3.04 and a beta of 0.64. Nike Inc has a twelve month low of $50.35 and a twelve month high of $65.18.

Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. equities research analysts anticipate that Nike Inc will post 2.28 earnings per share for the current fiscal year.

The firm also recently declared 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 an increase from Nike’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.25%. Nike’s payout ratio is 34.04%.

Several brokerages have recently commented on NKE. Zacks Investment Research raised Nike from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Tuesday. Canaccord Genuity boosted their price target on Nike from $50.00 to $64.00 and gave the stock a “hold” rating in a research note on Tuesday. Citigroup reissued a “buy” rating and set a $74.00 price target on shares of Nike in a research note on Tuesday. Buckingham Research boosted their price target on Nike from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Telsey Advisory Group boosted their price target on Nike from $61.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Nike presently has a consensus rating of “Hold” and a consensus price target of $62.19.

In other Nike news, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 23,248 shares in the company, valued at approximately $1,511,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the transaction, the chairman now 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. Insiders sold a total of 290,094 shares of company stock valued at $17,480,160 over the last quarter. 3.90% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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