Nike Inc (NYSE:NKE) Shares Sold by Crossmark Global Holdings Inc.

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Crossmark Global Holdings Inc. lowered its holdings in shares of Nike Inc (NYSE:NKE) by 2.0% in the third quarter, Holdings Channel reports. The firm owned 256,299 shares of the footwear maker’s stock after selling 5,233 shares during the quarter. Nike accounts for 0.7% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 20th biggest holding. Crossmark Global Holdings Inc.’s holdings in Nike were worth $24,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in NKE. Nuveen Asset Management LLC raised its position in Nike by 6,608.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 14,363,870 shares of the footwear maker’s stock worth $1,205,847,000 after buying an additional 14,149,753 shares during the last quarter. FMR LLC raised its position in Nike by 27.0% during the 1st quarter. FMR LLC now owns 23,077,703 shares of the footwear maker’s stock worth $1,943,374,000 after buying an additional 4,908,916 shares during the last quarter. Jennison Associates LLC raised its position in Nike by 13.6% during the 2nd quarter. Jennison Associates LLC now owns 23,510,331 shares of the footwear maker’s stock worth $1,973,692,000 after buying an additional 2,809,878 shares during the last quarter. BlackRock Inc. raised its position in Nike by 2.2% during the 2nd quarter. BlackRock Inc. now owns 87,672,220 shares of the footwear maker’s stock worth $7,360,079,000 after buying an additional 1,883,150 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Nike by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 105,374,269 shares of the footwear maker’s stock worth $8,846,169,000 after buying an additional 1,469,583 shares during the last quarter. Institutional investors own 65.04% of the company’s stock.

Shares of NKE traded up $0.77 during trading hours on Wednesday, reaching $92.52. The company had a trading volume of 5,112,806 shares, compared to its average volume of 6,485,021. The firm has a 50 day simple moving average of $87.36 and a 200-day simple moving average of $85.24. The company has a current ratio of 2.01, a quick ratio of 1.29 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $145.83 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.47 and a beta of 0.85. Nike Inc has a 12-month low of $66.53 and a 12-month high of $94.75.

Nike (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 24th. The footwear maker reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.15. Nike had a net margin of 10.81% and a return on equity of 47.92%. The business had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Nike Inc will post 2.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.88 annualized dividend and a yield of 0.95%. Nike’s dividend payout ratio (DPR) is currently 35.34%.

In other Nike news, CAO Hilary K. Krane sold 17,903 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $88.70, for a total transaction of $1,587,996.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark G. Parker sold 165,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $93.42, for a total transaction of $15,414,300.00. Following the transaction, the chief executive officer now owns 2,054,511 shares of the company’s stock, valued at $191,932,417.62. The disclosure for this sale can be found here. Insiders have sold a total of 523,482 shares of company stock valued at $47,549,976 over the last 90 days. 3.80% of the stock is currently owned by insiders.

NKE has been the subject of a number of analyst reports. ValuEngine downgraded shares of Nike from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group restated an “in-line” rating and set a $105.00 price objective (up previously from $97.00) on shares of Nike in a research report on Wednesday, September 25th. Jefferies Financial Group upped their price objective on shares of Nike from $80.00 to $97.00 and gave the stock a “hold” rating in a research report on Wednesday, September 25th. Guggenheim upped their price objective on shares of Nike from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Pivotal Research upped their price objective on shares of Nike from $101.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $95.14.

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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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