Nike Inc (NKE) Shares Sold by Cetera Advisor Networks LLC
Cetera Advisor Networks LLC decreased its holdings in shares of Nike Inc (NYSE:NKE) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,793 shares of the footwear maker’s stock after selling 6,372 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Nike were worth $2,117,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Nike by 2.5% in the second quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock valued at $5,876,718,000 after buying an additional 2,452,993 shares during the period. Capital Research Global Investors increased its stake in shares of Nike by 10.4% in the second quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock valued at $1,423,988,000 after buying an additional 2,274,869 shares during the period. Capital World Investors increased its stake in shares of Nike by 58.7% in the second quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after buying an additional 8,058,601 shares during the period. Northern Trust Corp increased its stake in shares of Nike by 6.7% in the second quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock valued at $1,268,671,000 after buying an additional 1,344,638 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Nike by 4,252.6% in the second quarter. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker’s stock valued at $980,539,000 after buying an additional 16,237,557 shares during the period. 61.57% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now directly owns 23,248 shares in the company, valued at approximately $1,441,376. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $65.00, for a total value of $8,775,000.00. Following the completion of the transaction, the chairman now owns 1,502,830 shares in the company, valued at $97,683,950. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,067,896 shares of company stock worth $69,044,217. 3.90% of the stock is owned by company insiders.
Nike (NYSE:NKE) last issued its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period last year, the business earned $0.50 EPS. Nike’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts predict that Nike Inc will post 2.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, March 2nd. Nike’s dividend payout ratio is currently 34.63%.
NKE has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating and issued a $78.00 price objective (up previously from $74.00) on shares of Nike in a research note on Wednesday, January 31st. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Nike in a research note on Wednesday, December 13th. DA Davidson upped their price objective on Nike from $68.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Barclays set a $75.00 price objective on Nike and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, Buckingham Research initiated coverage on Nike in a research note on Saturday, January 6th. They issued a “buy” rating and a $72.00 price objective for the company. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $65.61.
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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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