Healthcare of Ontario Pension Plan Trust Fund Has $12.74 Million Position in NIKE, Inc. (NYSE:NKE)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in NIKE, Inc. (NYSE:NKE) by 66.8% in the third quarter, Holdings Channel.com reports. The fund owned 87,717 shares of the footwear maker’s stock after selling 176,437 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in NIKE were worth $12,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in NIKE by 0.5% in the second quarter. Vanguard Group Inc. now owns 104,646,829 shares of the footwear maker’s stock valued at $16,166,888,000 after acquiring an additional 483,565 shares during the last quarter. State Street Corp increased its position in NIKE by 0.4% during the second quarter. State Street Corp now owns 55,268,621 shares of the footwear maker’s stock worth $8,553,435,000 after acquiring an additional 217,552 shares during the period. Alliancebernstein L.P. increased its position in NIKE by 6.8% during the third quarter. Alliancebernstein L.P. now owns 24,647,237 shares of the footwear maker’s stock worth $3,579,518,000 after acquiring an additional 1,562,707 shares during the period. Geode Capital Management LLC increased its position in NIKE by 2.0% during the second quarter. Geode Capital Management LLC now owns 20,423,343 shares of the footwear maker’s stock worth $3,146,330,000 after acquiring an additional 399,340 shares during the period. Finally, Morgan Stanley increased its position in NIKE by 3.2% during the second quarter. Morgan Stanley now owns 17,340,384 shares of the footwear maker’s stock worth $2,678,912,000 after acquiring an additional 543,451 shares during the period. Hedge funds and other institutional investors own 64.17% of the company’s stock.

Several equities research analysts have issued reports on NKE shares. The Goldman Sachs Group set a $172.00 price target on shares of NIKE and gave the company a “buy” rating in a report on Monday, December 6th. Zacks Investment Research upgraded shares of NIKE from a “sell” rating to a “hold” rating and set a $180.00 price target on the stock in a research report on Tuesday, November 30th. Truist Securities assumed coverage on shares of NIKE in a research report on Thursday, December 16th. They set a “buy” rating and a $190.00 price target on the stock. Telsey Advisory Group upped their price target on shares of NIKE from $176.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, December 16th. Finally, BMO Capital Markets reduced their price target on shares of NIKE from $174.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, September 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, NIKE presently has an average rating of “Buy” and a consensus price target of $180.45.

In other news, Director Elizabeth J. Comstock sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, October 18th. The stock was sold at an average price of $158.72, for a total transaction of $2,222,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $167.52, for a total value of $16,752,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,376 shares of company stock worth $24,927,397. Insiders own 3.70% of the company’s stock.

NIKE stock opened at $148.18 on Friday. NIKE, Inc. has a 12-month low of $125.44 and a 12-month high of $179.10. The company has a quick ratio of 2.33, a current ratio of 3.07 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $166.01 and its two-hundred day moving average price is $163.36. The stock has a market cap of $234.32 billion, a PE ratio of 38.79, a P/E/G ratio of 2.78 and a beta of 0.92.

NIKE (NYSE:NKE) last released its quarterly earnings results on Monday, December 20th. The footwear maker reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.20. The company had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.25 billion. NIKE had a return on equity of 45.73% and a net margin of 13.32%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, analysts expect that NIKE, Inc. will post 3.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 28th. Shareholders of record on Monday, December 6th were paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, December 3rd. This is a positive change from NIKE’s previous quarterly dividend of $0.28. This represents a $1.22 annualized dividend and a yield of 0.82%. NIKE’s payout ratio is 31.94%.

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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