Asset Management One Co. Ltd. Has $109.74 Million Position in Nike Inc (NKE)
Asset Management One Co. Ltd. boosted its stake in shares of Nike Inc (NYSE:NKE) by 0.1% in the third quarter, HoldingsChannel.com reports. The firm owned 2,114,523 shares of the footwear maker’s stock after purchasing an additional 3,103 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Nike were worth $109,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in NKE. Janus Henderson Group PLC raised its stake in Nike by 4,252.6% during the 2nd quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock valued at $980,539,000 after acquiring an additional 16,237,557 shares in the last quarter. Capital World Investors raised its stake in Nike by 58.7% during the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after acquiring an additional 8,058,601 shares in the last quarter. Harding Loevner LP raised its stake in Nike by 97.1% during the 3rd quarter. Harding Loevner LP now owns 12,151,210 shares of the footwear maker’s stock valued at $390,421,000 after acquiring an additional 5,987,728 shares in the last quarter. Orbis Allan Gray Ltd bought a new stake in Nike during the 2nd quarter valued at $226,588,000. Finally, Alliancebernstein L.P. raised its stake in Nike by 25.5% during the 2nd quarter. Alliancebernstein L.P. now owns 14,927,619 shares of the footwear maker’s stock valued at $880,730,000 after acquiring an additional 3,033,280 shares in the last quarter. Institutional investors and hedge funds own 62.75% of the company’s stock.
In other news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the transaction, the chairman now owns 1,637,736 shares in the company, valued at $90,124,612.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric D. Sprunk sold 226,040 shares of Nike stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total value of $14,263,124.00. Following the transaction, the insider now owns 165,591 shares in the company, valued at approximately $10,448,792.10. The disclosure for this sale can be found here. Insiders have sold 967,896 shares of company stock worth $60,257,267 in the last quarter. 3.90% of the stock is currently owned by corporate insiders.
Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Nike had a return on equity of 31.64% and a net margin of 11.13%. The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. Nike’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts anticipate that Nike Inc will post 2.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th were issued a dividend of $0.20 per share. This is an increase from Nike’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. Nike’s payout ratio is currently 34.63%.
A number of analysts have recently commented on the company. Goldman Sachs Group downgraded Nike from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $52.30 to $54.00 in a research note on Thursday, October 19th. Vetr raised Nike from a “hold” rating to a “buy” rating and set a $58.95 price objective on the stock in a research note on Monday, October 30th. Robert W. Baird reissued a “buy” rating on shares of Nike in a research note on Friday, October 13th. Argus raised Nike from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.35 to $64.46 in a research note on Thursday, December 14th. Finally, Forward View raised Nike from a “sell” rating to a “hold” rating in a research note on Sunday, October 29th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-one have given a buy rating to the company. Nike has an average rating of “Hold” and a consensus price target of $64.40.
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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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