Telos Capital Management Inc. increased its stake in Nike, Inc. (NYSE:NKE) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 47,656 shares of the footwear maker’s stock after buying an additional 1,164 shares during the period. Nike accounts for 1.1% of Telos Capital Management Inc.’s portfolio, making the stock its 29th largest position. Telos Capital Management Inc.’s holdings in Nike were worth $2,656,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. AMF Pensionsforsakring AB raised its stake in shares of Nike by 551.8% in the fourth quarter. AMF Pensionsforsakring AB now owns 1,452,521 shares of the footwear maker’s stock valued at $73,832,000 after buying an additional 1,229,671 shares during the last quarter. Roundview Capital LLC raised its stake in shares of Nike by 32.9% in the fourth quarter. Roundview Capital LLC now owns 35,237 shares of the footwear maker’s stock valued at $1,791,000 after buying an additional 8,733 shares during the last quarter. Fred Alger Management Inc. raised its stake in shares of Nike by 994.3% in the fourth quarter. Fred Alger Management Inc. now owns 905,898 shares of the footwear maker’s stock valued at $46,047,000 after buying an additional 823,113 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Nike by 5.6% in the fourth quarter. William Blair Investment Management LLC now owns 915,900 shares of the footwear maker’s stock valued at $46,555,000 after buying an additional 48,348 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Nike by 16.0% in the fourth quarter. Fiera Capital Corp now owns 4,514,310 shares of the footwear maker’s stock valued at $229,463,000 after buying an additional 623,263 shares during the last quarter. Institutional investors own 63.98% of the company’s stock.

Nike, Inc. (NYSE NKE) opened at 57.79 on Tuesday. The stock has a market cap of $95.17 billion, a PE ratio of 23.02 and a beta of 0.59. Nike, Inc. has a 52-week low of $49.01 and a 52-week high of $60.33. The firm has a 50 day moving average of $52.82 and a 200-day moving average of $54.25.

Nike (NYSE:NKE) last released its earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The firm had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. Equities analysts anticipate that Nike, Inc. will post $2.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Monday, June 5th were issued a $0.18 dividend. The ex-dividend date was Thursday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.25%. Nike’s dividend payout ratio (DPR) is presently 28.69%.

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NKE has been the subject of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $66.00 price target (down previously from $68.00) on shares of Nike in a research note on Tuesday, March 21st. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of Nike from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, March 22nd. Wedbush reiterated a “neutral” rating and issued a $52.00 price objective on shares of Nike in a research note on Wednesday, March 22nd. Deutsche Bank AG reduced their price objective on shares of Nike from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, March 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 price objective on shares of Nike in a research note on Wednesday, March 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $60.61.

In other news, insider Trevor A. Edwards sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $57.63, for a total value of $11,526,000.00. Following the completion of the sale, the insider now owns 729,610 shares in the company, valued at approximately $42,047,424.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Campion sold 96,243 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $56.68, for a total transaction of $5,455,053.24. Following the completion of the sale, the chief financial officer now owns 50,246 shares of the company’s stock, valued at approximately $2,847,943.28. The disclosure for this sale can be found here. Insiders sold a total of 360,243 shares of company stock valued at $20,721,353 in the last 90 days. Company insiders own 3.90% of the company’s stock.

About Nike

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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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