Nike Inc (NYSE:NKE) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC decreased its position in shares of Nike Inc (NYSE:NKE) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,264 shares of the footwear maker’s stock after selling 1,101 shares during the quarter. Intellectus Partners LLC’s holdings in Nike were worth $776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NKE. Trustcore Financial Services LLC lifted its position in shares of Nike by 2.9% during the 2nd quarter. Trustcore Financial Services LLC now owns 4,261 shares of the footwear maker’s stock valued at $358,000 after buying an additional 120 shares in the last quarter. Merriman Wealth Management LLC lifted its holdings in Nike by 1.0% in the 2nd quarter. Merriman Wealth Management LLC now owns 12,337 shares of the footwear maker’s stock valued at $1,054,000 after purchasing an additional 126 shares in the last quarter. Orrstown Financial Services Inc. lifted its holdings in Nike by 1.1% in the 3rd quarter. Orrstown Financial Services Inc. now owns 11,562 shares of the footwear maker’s stock valued at $977,000 after purchasing an additional 128 shares in the last quarter. First Personal Financial Services lifted its holdings in Nike by 14.9% in the 2nd quarter. First Personal Financial Services now owns 992 shares of the footwear maker’s stock valued at $83,000 after purchasing an additional 129 shares in the last quarter. Finally, Empirical Finance LLC lifted its holdings in Nike by 4.4% in the 2nd quarter. Empirical Finance LLC now owns 3,146 shares of the footwear maker’s stock valued at $264,000 after purchasing an additional 132 shares in the last quarter. 65.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:NKE traded up $1.40 during midday trading on Friday, reaching $94.40. 205,273 shares of the company’s stock were exchanged, compared to its average volume of 7,122,954. The firm’s 50 day simple moving average is $87.83 and its two-hundred day simple moving average is $85.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.01 and a quick ratio of 1.29. The stock has a market cap of $143.76 billion, a price-to-earnings ratio of 37.84, a P/E/G ratio of 2.44 and a beta of 0.85. Nike Inc has a fifty-two week low of $66.53 and a fifty-two week high of $94.75.



Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 24th. The footwear maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.15. The firm had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.43 billion. Nike had a return on equity of 47.92% and a net margin of 10.81%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS. Equities research analysts predict that Nike Inc will post 2.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, August 30th. Nike’s dividend payout ratio is currently 35.34%.

A number of research analysts have weighed in on the company. Goldman Sachs Group set a $95.00 price objective on Nike and gave the company a “neutral” rating in a report on Wednesday, September 25th. Jefferies Financial Group raised their price objective on Nike from $80.00 to $97.00 and gave the company a “hold” rating in a report on Wednesday, September 25th. Oppenheimer raised their price objective on Nike from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday. ValuEngine lowered Nike from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC raised their price objective on Nike from $92.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $95.61.

In other Nike news, CEO Mark G. Parker sold 165,000 shares of Nike stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $93.42, for a total value of $15,414,300.00. Following the completion of the transaction, the chief executive officer now directly owns 2,054,511 shares of the company’s stock, valued at approximately $191,932,417.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Campion sold 6,301 shares of Nike stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $86.96, for a total value of $547,934.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 505,579 shares of company stock valued at $45,961,980. 3.80% of the stock is currently owned by corporate insiders.

About Nike

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 the CBOE Russell 2000® Volatility Index?

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.