Security National Bank of Sioux City Iowa IA cut its position in Nike, Inc. (NYSE:NKE) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,212 shares of the footwear maker’s stock after selling 947 shares during the period. Nike makes up 2.4% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 4th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Nike were worth $2,408,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Webster Bank N. A. increased its position in Nike by 75.5% in the first quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after buying an additional 900 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in Nike during the first quarter valued at approximately $117,000. Gierl Augustine Investment Management Inc increased its position in Nike by 5.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,121 shares of the footwear maker’s stock valued at $118,000 after buying an additional 107 shares during the last quarter. Asset Planning Services Ltd. acquired a new position in Nike during the first quarter valued at approximately $118,000. Finally, Rational Advisors LLC increased its position in Nike by 14.3% in the first quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after buying an additional 321 shares during the last quarter. 64.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nike, Inc. (NKE) traded down 0.17% during trading on Friday, reaching $58.97. 4,979,994 shares of the company’s stock were exchanged. Nike, Inc. has a 52-week low of $49.01 and a 52-week high of $60.53. The stock has a market cap of $96.90 billion, a PE ratio of 23.49 and a beta of 0.59. The stock’s 50 day moving average price is $57.96 and its 200-day moving average price is $55.61.

Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. Nike’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share. On average, equities research analysts forecast that Nike, Inc. will post $2.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, August 31st. Nike’s dividend payout ratio is presently 28.69%.

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Several research firms have commented on NKE. UBS AG reissued a “buy” rating and set a $62.00 target price (down from $63.00) on shares of Nike in a research report on Tuesday, June 27th. FBR & Co set a $53.00 target price on shares of Nike and gave the stock a “hold” rating in a research report on Saturday, July 1st. Canaccord Genuity set a $51.00 target price on shares of Nike and gave the stock a “hold” rating in a research report on Saturday, July 1st. Wells Fargo & Company set a $56.00 target price on shares of Nike and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, Piper Jaffray Companies set a $50.00 target price on shares of Nike and gave the stock a “hold” rating in a research report on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Nike presently has an average rating of “Buy” and a consensus price target of $61.04.

In related news, insider Eric D. Sprunk sold 50,000 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $59.00, for a total transaction of $2,950,000.00. Following the transaction, the insider now directly owns 300,108 shares of the company’s stock, valued at $17,706,372. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Campion sold 96,243 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 50,246 shares in the company, valued at $2,847,943.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 492,360 shares of company stock worth $28,485,174. 3.90% of the stock is owned by 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.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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