Schmidt P J Investment Management Inc. cut its holdings in shares of Nike Inc (NYSE:NKE) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,606 shares of the footwear maker’s stock after selling 2,822 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Nike were worth $3,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of Nike by 4,252.6% during the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock worth $980,539,000 after acquiring an additional 16,237,557 shares in the last quarter. Capital World Investors boosted its position in shares of Nike by 58.7% during the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock worth $1,284,985,000 after acquiring an additional 8,058,601 shares in the last quarter. Harding Loevner LP boosted its position in shares of Nike by 97.1% during the 3rd quarter. Harding Loevner LP now owns 12,151,210 shares of the footwear maker’s stock worth $390,421,000 after acquiring an additional 5,987,728 shares in the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of Nike during the 2nd quarter worth approximately $226,588,000. Finally, Alliancebernstein L.P. boosted its position in shares of Nike by 25.5% during the 2nd quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock worth $880,730,000 after acquiring an additional 3,033,280 shares in the last quarter. 62.65% of the stock is currently owned by institutional investors.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Monday, December 18th. The shares were sold at an average price of $65.00, for a total value of $8,775,000.00. Following the completion of the sale, the chairman now directly owns 1,502,830 shares of the company’s stock, valued at $97,683,950. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at $1,441,376. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 932,896 shares of company stock valued at $59,594,217. Insiders own 3.90% of the company’s stock.

Nike Inc (NYSE NKE) opened at $67.96 on Thursday. Nike Inc has a 52 week low of $50.35 and a 52 week high of $68.83. The firm has a market cap of $110,880.00, a price-to-earnings ratio of 29.42, a P/E/G ratio of 2.98 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46.

Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The firm had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. analysts expect that Nike Inc will post 2.26 EPS for the current fiscal year.

A number of brokerages have weighed in on NKE. Citigroup restated a “buy” rating and issued a $78.00 target price (up previously from $74.00) on shares of Nike in a research report on Wednesday, January 31st. Susquehanna Bancshares restated a “hold” rating and issued a $57.00 target price on shares of Nike in a research report on Wednesday, December 13th. DA Davidson raised their target price on shares of Nike from $68.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Barclays set a $75.00 target price on shares of Nike and gave the company a “buy” rating in a research report on Tuesday, January 9th. Finally, Vetr upgraded shares of Nike from a “hold” rating to a “buy” rating and set a $58.95 target price on the stock in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $65.37.

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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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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