First National Bank of Omaha reduced its position in shares of Nike Inc. (NYSE:NKE) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 137,835 shares of the footwear maker’s stock after selling 1,451 shares during the period. First National Bank of Omaha’s holdings in Nike were worth $7,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NKE. BNP Paribas Arbitrage SA boosted its position in Nike by 81.6% in the second quarter. BNP Paribas Arbitrage SA now owns 824,490 shares of the footwear maker’s stock worth $45,512,000 after buying an additional 370,355 shares during the last quarter. Fulton Bank N.A. boosted its position in Nike by 0.4% in the second quarter. Fulton Bank N.A. now owns 72,569 shares of the footwear maker’s stock worth $4,006,000 after buying an additional 271 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its position in Nike by 3.0% in the second quarter. Stock Yards Bank & Trust Co. now owns 248,806 shares of the footwear maker’s stock worth $13,734,000 after buying an additional 7,184 shares during the last quarter. New England Research & Management Inc. boosted its position in Nike by 15.5% in the second quarter. New England Research & Management Inc. now owns 25,177 shares of the footwear maker’s stock worth $1,390,000 after buying an additional 3,375 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt boosted its position in Nike by 161.5% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,210,000 shares of the footwear maker’s stock worth $232,392,000 after buying an additional 2,600,000 shares during the last quarter. Institutional investors own 61.15% of the company’s stock.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Shares of Nike Inc. (NYSE:NKE) traded down 0.7185% on Wednesday, reaching $50.2662. The company had a trading volume of 4,497,273 shares. Nike Inc. has a 1-year low of $49.01 and a 1-year high of $68.20. The company’s 50 day moving average price is $51.15 and its 200-day moving average price is $54.58. The stock has a market capitalization of $83.72 billion, a P/E ratio of 22.6833 and a beta of 0.48.

Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.17. The business earned $9.06 billion during the quarter. Nike had a net margin of 11.60% and a return on equity of 30.56%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. Equities analysts predict that Nike Inc. will post $2.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, December 5th will be paid a $0.18 dividend. This is an increase from Nike’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. Nike’s payout ratio is 28.83%.

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NKE has been the subject of a number of research analyst reports. Vetr cut Nike from a “hold” rating to a “sell” rating and set a $53.10 target price for the company. in a research note on Tuesday, August 2nd. Deutsche Bank AG reiterated a “buy” rating on shares of Nike in a research note on Wednesday, August 10th. Brean Capital reiterated a “buy” rating and set a $62.00 price objective on shares of Nike in a research note on Sunday, August 21st. Zacks Investment Research upgraded Nike from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, B. Riley cut Nike from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Friday, August 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company. Nike currently has an average rating of “Buy” and a consensus price target of $63.43.

In other news, Director John C. Lechleiter acquired 1,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was acquired at an average cost of $52.72 per share, with a total value of $52,720.00. Following the transaction, the director now owns 27,560 shares in the company, valued at $1,452,963.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 150,000 shares of Nike stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $49.78, for a total transaction of $7,467,000.00. Following the sale, the chairman now directly owns 1,985,225 shares of the company’s stock, valued at $98,824,500.50. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Nike Company 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.

5 Day Chart for NYSE:NKE

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