Nike Inc (NKE) Shares Sold by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC lessened its holdings in shares of Nike Inc (NYSE:NKE) by 32.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,818 shares of the footwear maker’s stock after selling 1,382 shares during the quarter. Mycio Wealth Partners LLC’s holdings in Nike were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Nike in the 2nd quarter valued at about $104,000. BDO Wealth Advisors LLC raised its stake in shares of Nike by 1,044.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock valued at $111,000 after purchasing an additional 1,274 shares during the period. CSat Investment Advisory L.P. acquired a new stake in shares of Nike in the 2nd quarter valued at about $119,000. Polaris Greystone Financial Group LLC acquired a new stake in shares of Nike in the 3rd quarter valued at about $119,000. Finally, Global Trust Asset Management LLC raised its stake in shares of Nike by 1,253.8% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,760 shares of the footwear maker’s stock valued at $149,000 after purchasing an additional 1,630 shares during the period. 64.50% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $85.05, for a total transaction of $1,360,800.00. Following the completion of the transaction, the director now owns 26,963 shares in the company, valued at $2,293,203.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monique S. Matheson sold 17,000 shares of Nike stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $85.00, for a total value of $1,445,000.00. Following the transaction, the executive vice president now owns 104,737 shares of the company’s stock, valued at approximately $8,902,645. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock valued at $4,980,050 in the last quarter. 3.90% of the stock is currently owned by corporate insiders.



Several analysts have issued reports on the company. Wedbush lifted their price target on Nike from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 10th. Morgan Stanley reissued a “buy” rating and issued a $88.00 price target on shares of Nike in a research note on Wednesday, September 12th. Wells Fargo & Co set a $82.00 price objective on Nike and gave the company a “neutral” rating in a report on Monday, August 6th. Telsey Advisory Group raised their price objective on Nike from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, September 18th. Finally, Nomura raised their price objective on Nike from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, June 29th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $84.75.

Nike stock opened at $72.07 on Friday. Nike Inc has a 52 week low of $54.52 and a 52 week high of $86.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.31 and a quick ratio of 1.53. The stock has a market cap of $116.09 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65.

Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 25th. The footwear maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Nike had a return on equity of 40.69% and a net margin of 5.57%. The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter last year, the company posted $0.57 earnings per share. Nike’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Nike Inc will post 2.62 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Tuesday, September 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, August 31st. Nike’s payout ratio is currently 33.06%.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Further Reading: What is a conference call?

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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