Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Nike Inc (NYSE:NKE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,865 shares of the footwear maker’s stock, valued at approximately $116,000.

A number of other large investors have also bought and sold shares of the stock. Amalgamated Bank increased its position in Nike by 2.0% in the 3rd quarter. Amalgamated Bank now owns 159,323 shares of the footwear maker’s stock worth $8,261,000 after purchasing an additional 3,189 shares during the last quarter. Stifel Financial Corp increased its position in Nike by 3.9% in the 3rd quarter. Stifel Financial Corp now owns 1,319,016 shares of the footwear maker’s stock worth $68,428,000 after purchasing an additional 49,251 shares during the last quarter. Sun Life Financial INC increased its position in Nike by 23,747.5% in the 2nd quarter. Sun Life Financial INC now owns 9,539 shares of the footwear maker’s stock worth $563,000 after purchasing an additional 9,499 shares during the last quarter. Sather Financial Group Inc acquired a new position in Nike in the 2nd quarter worth about $9,275,000. Finally, Capital Bank & Trust Co increased its position in Nike by 63.7% in the 3rd quarter. Capital Bank & Trust Co now owns 653,742 shares of the footwear maker’s stock worth $33,897,000 after purchasing an additional 254,372 shares during the last quarter. 65.76% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Nike Inc (NYSE:NKE) opened at $66.17 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. Nike Inc has a 52-week low of $50.35 and a 52-week high of $70.25. The company has a market capitalization of $108,712.06, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 3.02 and a beta of 0.68.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the company earned $0.50 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts expect that Nike Inc will post 2.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. Nike’s dividend payout ratio is currently 34.63%.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $70.00, for a total value of $9,450,000.00. Following the completion of the sale, the chairman now owns 1,637,736 shares in the company, valued at approximately $114,641,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 23,248 shares of the company’s stock, valued at approximately $1,511,120. The disclosure for this sale can be found here. Insiders sold a total of 1,057,896 shares of company stock valued at $68,424,217 in the last quarter. Corporate insiders own 3.90% of the company’s stock.

Several research analysts have weighed in on NKE shares. JPMorgan Chase & Co. set a $58.00 target price on Nike and gave the stock a “neutral” rating in a research report on Tuesday, January 2nd. Goldman Sachs Group set a $62.00 target price on Nike and gave the stock a “neutral” rating in a research report on Thursday, December 28th. Buckingham Research started coverage on Nike in a research report on Sunday, December 31st. They issued a “buy” rating and a $72.00 target price on the stock. Bank of America set a $42.00 target price on Nike and gave the stock a “sell” rating in a research report on Friday, December 22nd. Finally, Canaccord Genuity set a $60.00 target price on Nike and gave the stock a “hold” rating in a research report on Sunday, January 7th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.10.

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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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