Glenview Trust Co lessened its holdings in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 17.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 152,420 shares of the footwear maker’s stock after selling 32,712 shares during the period. Glenview Trust Co’s holdings in NIKE were worth $9,711,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in NKE. Harris Associates L P acquired a new stake in NIKE during the second quarter worth approximately $621,525,000. Ameriprise Financial Inc. raised its holdings in NIKE by 129.4% during the second quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock worth $411,951,000 after purchasing an additional 3,299,155 shares in the last quarter. Flossbach Von Storch SE raised its holdings in NIKE by 29.3% during the fourth quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock worth $812,514,000 after purchasing an additional 2,886,856 shares in the last quarter. Sustainable Growth Advisers LP acquired a new stake in NIKE during the third quarter worth approximately $190,182,000. Finally, Amundi raised its holdings in NIKE by 85.2% during the third quarter. Amundi now owns 5,187,020 shares of the footwear maker’s stock worth $369,160,000 after purchasing an additional 2,385,815 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.
Insider Buying and Selling
In related news, Director Robert Holmes Swan bought 11,781 shares of the stock in a transaction on Tuesday, April 7th. The shares were bought at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This trade represents a 27.21% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy D. Cook bought 25,000 shares of the stock in a transaction on Friday, April 10th. The stock was bought at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the purchase, the director directly owned 130,480 shares in the company, valued at approximately $5,536,266.40. The trade was a 23.70% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 64,441 shares of company stock valued at $2,734,204. Company insiders own 0.80% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on NIKE
NIKE Trading Up 0.1%
NYSE:NKE opened at $44.70 on Monday. The stock’s 50 day moving average price is $46.59 and its 200 day moving average price is $57.28. The company has a market capitalization of $66.20 billion, a PE ratio of 29.60, a P/E/G ratio of 2.37 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 52-week low of $41.35 and a 52-week high of $80.17.
NIKE (NYSE:NKE – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. On average, research analysts anticipate that NIKE, Inc. will post 1.51 EPS for the current year.
NIKE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is currently 108.61%.
NIKE Profile
Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.
The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).
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