Obermeyer Wood Investment Counsel Lllp raised its position in shares of Nike (NYSE:NKE) by 2.9% in the first quarter, HoldingsChannel.com reports. The firm owned 517,434 shares of the footwear maker’s stock after purchasing an additional 14,534 shares during the quarter. Nike accounts for approximately 3.1% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 17th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Nike were worth $34,378,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NKE. Thornburg Investment Management Inc. increased its position in Nike by 50.0% during the 3rd quarter. Thornburg Investment Management Inc. now owns 2,262,538 shares of the footwear maker’s stock valued at $117,313,000 after purchasing an additional 754,253 shares during the period. Edgewood Management LLC increased its position in Nike by 15.7% during the 3rd quarter. Edgewood Management LLC now owns 14,245,826 shares of the footwear maker’s stock valued at $738,646,000 after purchasing an additional 1,936,811 shares during the period. Harding Loevner LP increased its position in Nike by 97.1% during the 3rd quarter. Harding Loevner LP now owns 12,151,210 shares of the footwear maker’s stock valued at $390,421,000 after purchasing an additional 5,987,728 shares during the period. Marietta Wealth Management LLC increased its position in Nike by 7.7% during the 3rd quarter. Marietta Wealth Management LLC now owns 41,804 shares of the footwear maker’s stock valued at $2,168,000 after purchasing an additional 2,977 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Nike by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,239,456 shares of the footwear maker’s stock valued at $167,979,000 after purchasing an additional 93,581 shares during the period. 65.76% of the stock is owned by institutional investors and hedge funds.
In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $70.00, for a total transaction of $9,450,000.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $114,641,520. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by company insiders.
Shares of Nike opened at $68.43 on Monday, Marketbeat Ratings reports. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.35. Nike has a 1-year low of $50.35 and a 1-year high of $70.25. The firm has a market cap of $111.33 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 3.28 and a beta of 0.64.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 22nd. The footwear maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.15. Nike had a return on equity of 33.38% and a net margin of 5.11%. The business had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.85 billion. During the same period last year, the business earned $0.68 EPS. The business’s revenue was up 6.5% on a year-over-year basis. sell-side analysts forecast that Nike will post 2.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Monday, June 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.17%. Nike’s dividend payout ratio (DPR) is presently 31.87%.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.
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