Private Advisor Group LLC Sells 36,012 Shares of Nike Inc (NKE)
Private Advisor Group LLC trimmed its holdings in Nike Inc (NYSE:NKE) by 48.0% in the fourth quarter, Holdings Channel reports. The fund owned 38,958 shares of the footwear maker’s stock after selling 36,012 shares during the period. Private Advisor Group LLC’s holdings in Nike were worth $2,474,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Trust Co. raised its holdings in Nike by 4.9% during the 2nd quarter. Fiduciary Trust Co. now owns 230,463 shares of the footwear maker’s stock valued at $13,597,000 after buying an additional 10,840 shares during the last quarter. Sterling Investment Advisors Ltd. raised its holdings in Nike by 651.4% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 27,050 shares of the footwear maker’s stock valued at $1,596,000 after buying an additional 23,450 shares during the last quarter. Amalgamated Bank raised its holdings in Nike by 2.0% during the 3rd quarter. Amalgamated Bank now owns 159,323 shares of the footwear maker’s stock valued at $8,261,000 after buying an additional 3,189 shares during the last quarter. Stifel Financial Corp raised its holdings in Nike by 3.9% during the 3rd quarter. Stifel Financial Corp now owns 1,319,016 shares of the footwear maker’s stock valued at $68,428,000 after buying an additional 49,251 shares during the last quarter. Finally, Sun Life Financial INC raised its holdings in Nike by 23,747.5% during the 2nd quarter. Sun Life Financial INC now owns 9,539 shares of the footwear maker’s stock valued at $563,000 after buying an additional 9,499 shares during the last quarter. Hedge funds and other institutional investors own 61.57% of the company’s stock.
In related news, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F. Slusher sold 100,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $63.09, for a total transaction of $6,309,000.00. Following the sale, the executive vice president now directly owns 268,169 shares in the company, valued at $16,918,782.21. The disclosure for this sale can be found here. Insiders have sold a total of 1,067,896 shares of company stock worth $69,044,217 over the last three months. 3.90% of the stock is currently owned by insiders.
Shares of Nike Inc (NYSE NKE) opened at $65.89 on Friday. Nike Inc has a 1 year low of $50.35 and a 1 year high of $70.25. The company has a market cap of $107,898.59, a PE ratio of 28.71, a P/E/G ratio of 3.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46.
Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the firm posted $0.50 EPS. Nike’s revenue for the quarter was up 4.6% on a year-over-year basis. equities analysts predict that Nike Inc will post 2.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, March 2nd. Nike’s dividend payout ratio (DPR) is 34.63%.
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.
Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).
Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.