Bank of New York Mellon Corp Has $4.01 Billion Holdings in NIKE, Inc. (NYSE:NKE)

Bank of New York Mellon Corp trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,931,971 shares of the footwear maker’s stock after selling 865,559 shares during the period. NIKE accounts for 0.8% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 16th biggest holding. Bank of New York Mellon Corp owned 1.64% of NIKE worth $4,006,230,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NKE. BlackRock Inc. boosted its position in shares of NIKE by 1.6% in the first quarter. BlackRock Inc. now owns 94,636,902 shares of the footwear maker’s stock worth $12,576,298,000 after buying an additional 1,528,211 shares during the period. Alliancebernstein L.P. lifted its stake in NIKE by 15.2% in the 2nd quarter. Alliancebernstein L.P. now owns 23,084,530 shares of the footwear maker’s stock worth $3,566,329,000 after acquiring an additional 3,045,282 shares in the last quarter. Geode Capital Management LLC boosted its position in NIKE by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 20,024,003 shares of the footwear maker’s stock worth $2,653,972,000 after acquiring an additional 910,648 shares during the period. Nuveen Asset Management LLC grew its position in NIKE by 1.0% during the first quarter. Nuveen Asset Management LLC now owns 11,059,373 shares of the footwear maker’s stock valued at $1,469,680,000 after purchasing an additional 105,856 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in NIKE by 6.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,837,911 shares of the footwear maker’s stock valued at $1,041,581,000 after buying an additional 486,326 shares during the period. 64.45% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the company. Credit Suisse Group increased their price objective on NIKE from $165.00 to $183.00 and gave the stock an “outperform” rating in a report on Friday, June 25th. Guggenheim raised their price objective on shares of NIKE from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, June 25th. Morgan Stanley increased their price target on shares of NIKE from $214.00 to $221.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 7th. Oppenheimer lifted their price objective on shares of NIKE from $150.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 23rd. Finally, Robert W. Baird increased their target price on shares of NIKE from $150.00 to $192.00 and gave the stock an “outperform” rating in a research report on Friday, June 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $173.03.

In other news, COO Andrew Campion sold 7,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $171.50, for a total transaction of $1,221,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heidi O’neill sold 25,000 shares of the stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $152.00, for a total value of $3,800,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 379,671 shares of company stock worth $60,634,427. 3.70% of the stock is owned by insiders.

Shares of NKE stock traded up $0.17 during mid-day trading on Tuesday, reaching $154.42. The company’s stock had a trading volume of 112,694 shares, compared to its average volume of 6,297,217. The firm’s 50-day moving average is $165.42 and its two-hundred day moving average is $147.23. The company has a market cap of $244.26 billion, a P/E ratio of 43.43, a PEG ratio of 2.49 and a beta of 0.87. NIKE, Inc. has a 1-year low of $111.74 and a 1-year high of $174.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.01 and a current ratio of 2.72.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Wednesday, June 23rd. The footwear maker reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.42. The firm had revenue of $12.30 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 12.86% and a return on equity of 51.41%. The company’s quarterly revenue was up 94.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.51) earnings per share. Sell-side analysts anticipate that NIKE, Inc. will post 4.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Monday, August 30th will be given a dividend of $0.275 per share. The ex-dividend date is Friday, August 27th. This represents a $1.10 annualized dividend and a dividend yield of 0.71%. NIKE’s dividend payout ratio (DPR) is presently 30.90%.

NIKE Profile

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate.

Featured Story: Analyzing a company’s cash flow statement

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE).

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.