Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 929,146 shares of the footwear maker’s stock after buying an additional 10,821 shares during the quarter. NIKE makes up 1.5% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 23rd largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.06% of NIKE worth $116,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in NIKE by 5.2% during the 2nd quarter. BlackRock Inc. now owns 95,685,586 shares of the footwear maker’s stock valued at $9,381,973,000 after buying an additional 4,708,888 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of NIKE by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,767,069 shares of the footwear maker’s stock worth $2,624,512,000 after buying an additional 219,450 shares during the last quarter. Capital World Investors grew its position in shares of NIKE by 2.5% in the 1st quarter. Capital World Investors now owns 20,704,258 shares of the footwear maker’s stock worth $1,713,079,000 after buying an additional 508,120 shares during the last quarter. Morgan Stanley grew its position in shares of NIKE by 34.4% in the 1st quarter. Morgan Stanley now owns 20,528,550 shares of the footwear maker’s stock worth $1,698,534,000 after buying an additional 5,256,195 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of NIKE by 0.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 12,847,672 shares of the footwear maker’s stock worth $1,259,714,000 after buying an additional 45,165 shares during the last quarter. Institutional investors own 64.20% of the company’s stock.
In other NIKE news, insider Heidi O’neill sold 10,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $105.00, for a total transaction of $1,050,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monique S. Matheson sold 8,500 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $108.00, for a total transaction of $918,000.00. The disclosure for this sale can be found here. Insiders have sold 841,962 shares of company stock valued at $103,292,012 over the last 90 days. 3.80% of the stock is currently owned by company insiders.
Shares of NKE traded down $1.00 during trading hours on Friday, hitting $128.00. The stock had a trading volume of 6,011,173 shares, compared to its average volume of 7,844,968. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.77 and a current ratio of 2.55. The firm has a 50-day moving average price of $120.42 and a 200 day moving average price of $101.42. The firm has a market capitalization of $199.67 billion, a price-to-earnings ratio of 76.65, a PEG ratio of 2.80 and a beta of 0.80. NIKE, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $131.34.
NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 22nd. The footwear maker reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.49. The company had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $9.15 billion. NIKE had a net margin of 7.20% and a return on equity of 34.62%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. As a group, analysts predict that NIKE, Inc. will post 2.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, August 31st were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Friday, August 28th. NIKE’s dividend payout ratio is presently 52.97%.
NIKE Company 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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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