NIKE, Inc. (NYSE:NKE) Shares Purchased by Capital City Trust Co. FL

Capital City Trust Co. FL raised its position in shares of NIKE, Inc. (NYSE:NKEGet Rating) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,362 shares of the footwear maker’s stock after purchasing an additional 125 shares during the period. Capital City Trust Co. FL’s holdings in NIKE were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Norges Bank acquired a new stake in shares of NIKE in the 4th quarter worth approximately $1,894,686,000. State Street Corp lifted its stake in NIKE by 3.6% during the fourth quarter. State Street Corp now owns 56,598,375 shares of the footwear maker’s stock valued at $9,433,251,000 after purchasing an additional 1,969,270 shares during the last quarter. Wellington Management Group LLP lifted its stake in NIKE by 9.0% during the first quarter. Wellington Management Group LLP now owns 18,040,233 shares of the footwear maker’s stock valued at $2,427,495,000 after purchasing an additional 1,486,421 shares during the last quarter. Lazard Asset Management LLC lifted its stake in NIKE by 221.5% during the first quarter. Lazard Asset Management LLC now owns 2,046,445 shares of the footwear maker’s stock valued at $275,368,000 after purchasing an additional 1,409,913 shares during the last quarter. Finally, Capital International Investors lifted its stake in NIKE by 16.8% during the fourth quarter. Capital International Investors now owns 8,852,183 shares of the footwear maker’s stock valued at $1,475,513,000 after purchasing an additional 1,274,615 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on NKE. Royal Bank of Canada began coverage on shares of NIKE in a research note on Thursday. They set an “outperform” rating and a $125.00 target price for the company. Seaport Res Ptn lowered shares of NIKE from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group set a $156.00 price target on shares of NIKE in a report on Monday. Finally, Barclays lowered shares of NIKE from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $125.00 to $110.00 in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.81.

Insiders Place Their Bets

In other NIKE news, EVP Monique S. Matheson sold 19,500 shares of NIKE stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $103.45, for a total transaction of $2,017,275.00. Following the completion of the transaction, the executive vice president now directly owns 80,355 shares of the company’s stock, valued at $8,312,724.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Andrew Campion sold 5,922 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total transaction of $671,673.24. Following the completion of the sale, the chief operating officer now owns 75,295 shares of the company’s stock, valued at $8,539,958.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monique S. Matheson sold 19,500 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $103.45, for a total value of $2,017,275.00. Following the transaction, the executive vice president now directly owns 80,355 shares of the company’s stock, valued at approximately $8,312,724.75. The disclosure for this sale can be found here. Insiders sold a total of 59,561 shares of company stock valued at $6,374,094 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

NIKE Price Performance

NYSE NKE opened at $97.17 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.58. NIKE, Inc. has a 12-month low of $97.83 and a 12-month high of $179.10. The company has a market capitalization of $152.42 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The firm’s 50 day moving average is $109.72 and its 200-day moving average is $115.81.

NIKE (NYSE:NKEGet Rating) last issued its earnings results on Monday, June 27th. The footwear maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. The business had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.10 billion. NIKE had a net margin of 12.94% and a return on equity of 40.74%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 3.78 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 6th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $1.22 dividend on an annualized basis and a yield of 1.26%. NIKE’s dividend payout ratio (DPR) is 32.45%.

NIKE announced that its board has authorized a share repurchase plan on Monday, June 27th that permits the company to buyback $18.00 billion in shares. This buyback authorization permits the footwear maker to reacquire up to 11% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

About NIKE

(Get Rating)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

See Also

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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