Notis McConarty Edward decreased its holdings in shares of Nike, Inc. (NYSE:NKE) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,516 shares of the footwear maker’s stock after selling 100 shares during the period. Notis McConarty Edward’s holdings in Nike were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Accredited Investors Inc. boosted its stake in shares of Nike by 0.5% during the first quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock worth $232,000 after buying an additional 19 shares during the period. Montecito Bank & Trust boosted its stake in shares of Nike by 0.3% during the first quarter. Montecito Bank & Trust now owns 7,200 shares of the footwear maker’s stock worth $402,000 after buying an additional 24 shares during the period. Intrust Bank NA boosted its stake in shares of Nike by 0.9% during the first quarter. Intrust Bank NA now owns 5,082 shares of the footwear maker’s stock worth $283,000 after buying an additional 46 shares during the period. Welch & Forbes LLC boosted its stake in shares of Nike by 0.5% during the first quarter. Welch & Forbes LLC now owns 9,998 shares of the footwear maker’s stock worth $557,000 after buying an additional 48 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Nike by 0.5% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,749 shares of the footwear maker’s stock worth $543,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 62.72% of the company’s stock.

A number of brokerages recently commented on NKE. Nomura restated a “buy” rating and issued a $60.00 price objective on shares of Nike in a research report on Friday, June 30th. J P Morgan Chase & Co downgraded shares of Nike from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $61.00 to $58.00 in a research report on Friday, June 16th. Telsey Advisory Group reduced their price objective on shares of Nike from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, June 22nd. Cowen and Company raised their price objective on shares of Nike from $53.00 to $54.00 and gave the company a “market perform” rating in a research report on Friday, June 30th. Finally, Jefferies Group LLC downgraded shares of Nike from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $60.00 in a research report on Monday, August 21st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have given a buy rating to the stock. Nike presently has an average rating of “Buy” and an average target price of $60.66.

Nike, Inc. (NYSE NKE) traded up 1.26% during trading on Tuesday, hitting $53.70. 4,146,419 shares of the company traded hands. Nike, Inc. has a one year low of $49.01 and a one year high of $60.53. The firm has a 50 day moving average of $56.57 and a 200 day moving average of $55.58. The firm has a market cap of $88.24 billion, a P/E ratio of 21.39 and a beta of 0.61.

Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. Nike had a net margin of 12.34% and a return on equity of 34.18%. The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.63 billion. During the same quarter in the prior year, the business posted $0.49 EPS. Nike’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Nike, Inc. will post $2.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. Nike’s dividend payout ratio (DPR) is 28.69%.

In other news, CFO Andrew Campion sold 96,243 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $56.68, for a total transaction of $5,455,053.24. Following the transaction, the chief financial officer now owns 50,246 shares in the company, valued at approximately $2,847,943.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric D. Sprunk sold 50,000 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $59.00, for a total transaction of $2,950,000.00. Following the transaction, the insider now owns 300,108 shares in the company, valued at approximately $17,706,372. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 492,360 shares of company stock worth $28,485,174. 3.90% of the stock is currently owned by company insiders.

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Nike Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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