Woodmont Investment Counsel LLC Has $1.10 Million Stock Holdings in NIKE, Inc. $NKE

Woodmont Investment Counsel LLC cut its position in NIKE, Inc. (NYSE:NKE) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,511 shares of the footwear maker’s stock after selling 2,256 shares during the period. Woodmont Investment Counsel LLC’s holdings in NIKE were worth $1,102,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Caldwell Sutter Capital Inc. grew its stake in shares of NIKE by 6.3% in the 2nd quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock valued at $170,000 after buying an additional 142 shares during the period. Westmount Partners LLC grew its stake in shares of NIKE by 2.9% in the 2nd quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock valued at $367,000 after buying an additional 146 shares during the period. HB Wealth Management LLC grew its stake in shares of NIKE by 0.3% in the 2nd quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock valued at $3,695,000 after buying an additional 147 shares during the period. Matrix Trust Co grew its stake in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after buying an additional 153 shares during the period. Finally, Summit Financial Strategies Inc. lifted its position in NIKE by 3.8% in the 2nd quarter. Summit Financial Strategies Inc. now owns 4,270 shares of the footwear maker’s stock valued at $303,000 after acquiring an additional 155 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock opened at $72.01 on Monday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $84.76. The company’s 50 day moving average price is $74.62 and its two-hundred day moving average price is $67.24. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The stock has a market cap of $106.34 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.64 and a beta of 1.29.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the firm earned $0.70 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. NIKE’s dividend payout ratio (DPR) is currently 82.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NKE shares. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $90.00 price target on shares of NIKE in a research report on Wednesday, October 1st. DZ Bank raised shares of NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NIKE in a research report on Saturday, September 27th. JPMorgan Chase & Co. raised their price target on shares of NIKE from $93.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $78.00 price target on shares of NIKE in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $81.57.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the sale, the chairman owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.