Whittier Trust Co. grew its stake in shares of Nike Inc (NYSE:NKE) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 373,856 shares of the footwear maker’s stock after buying an additional 3,754 shares during the quarter. Nike accounts for approximately 1.0% of Whittier Trust Co.’s portfolio, making the stock its 21st largest holding. Whittier Trust Co.’s holdings in Nike were worth $35,112,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NKE. Garrett Wealth Advisory Group LLC purchased a new stake in Nike in the third quarter worth about $26,000. Hexavest Inc. purchased a new stake in Nike in the second quarter worth about $30,000. Litman Gregory Asset Management LLC purchased a new stake in Nike in the second quarter worth about $31,000. LFA Lugano Financial Advisors SA lifted its holdings in Nike by 43.1% in the second quarter. LFA Lugano Financial Advisors SA now owns 465 shares of the footwear maker’s stock worth $39,000 after buying an additional 140 shares during the period. Finally, Lipe & Dalton purchased a new stake in Nike in the second quarter worth about $50,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

NYSE NKE traded up $0.54 during mid-day trading on Friday, reaching $96.10. The stock had a trading volume of 5,993,298 shares, compared to its average volume of 7,303,586. Nike Inc has a 1 year low of $66.53 and a 1 year high of $96.46. The stock has a market cap of $149.17 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 2.54 and a beta of 0.85. The company has a fifty day moving average price of $89.89 and a 200 day moving average price of $85.78. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.01 and a quick ratio of 1.29.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a yield of 0.92%. Nike’s payout ratio is currently 35.34%.

In other Nike news, insider Elliott Hill sold 3,228 shares of Nike stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $87.07, for a total value of $281,061.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark G. Parker sold 165,000 shares of Nike stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $93.42, for a total transaction of $15,414,300.00. Following the completion of the sale, the chief executive officer now directly owns 2,054,511 shares of the company’s stock, valued at approximately $191,932,417.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 505,579 shares of company stock valued at $45,961,980. 3.80% of the stock is owned by company insiders.

Several research firms have recently issued reports on NKE. Citigroup lifted their target price on shares of Nike from $100.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Jefferies Financial Group lifted their target price on shares of Nike from $80.00 to $97.00 and gave the company a “hold” rating in a report on Wednesday, September 25th. Deutsche Bank set a $105.00 target price on shares of Nike and gave the company a “buy” rating in a report on Monday, October 7th. Oppenheimer lifted their target price on shares of Nike from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Finally, ValuEngine lowered shares of Nike from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have issued a buy rating to the stock. Nike presently has a consensus rating of “Buy” and an average target price of $96.98.

Nike Profile

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.

See Also: Hedge Funds

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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