Winslow Capital Management LLC lifted its stake in Nike Inc (NYSE:NKE) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,983,333 shares of the footwear maker’s stock after acquiring an additional 742,148 shares during the quarter. Nike makes up approximately 1.7% of Winslow Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Winslow Capital Management LLC’s holdings in Nike were worth $311,708,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Nike in the fourth quarter valued at about $116,000. Oak Grove Capital LLC acquired a new stake in shares of Nike in the fourth quarter valued at about $952,000. Madison Investment Holdings Inc. acquired a new stake in shares of Nike in the fourth quarter valued at about $226,000. Eaton Vance Management increased its position in shares of Nike by 14.0% in the fourth quarter. Eaton Vance Management now owns 5,986,630 shares of the footwear maker’s stock valued at $374,464,000 after acquiring an additional 734,583 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its position in shares of Nike by 1.2% in the fourth quarter. Standard Life Aberdeen plc now owns 293,562 shares of the footwear maker’s stock valued at $18,373,000 after acquiring an additional 3,495 shares during the last quarter. 65.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nike Inc (NYSE:NKE) opened at $66.17 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.46 and a quick ratio of 1.67. The stock has a market capitalization of $108,712.06, a P/E ratio of 28.93, a P/E/G ratio of 3.02 and a beta of 0.68. Nike Inc has a 12 month low of $50.35 and a 12 month high of $70.25.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s dividend payout ratio (DPR) is currently 34.63%.
In related news, insider Eric D. Sprunk sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $67.66, for a total value of $6,766,000.00. Following the completion of the sale, the insider now directly owns 227,199 shares in the company, valued at $15,372,284.34. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric D. Sprunk sold 226,040 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 165,591 shares of the company’s stock, valued at $10,448,792.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,057,896 shares of company stock valued at $68,424,217. 3.90% of the stock is currently owned by corporate insiders.
NKE has been the topic of a number of recent research reports. JPMorgan Chase & Co. set a $58.00 target price on Nike and gave the company a “neutral” rating in a research report on Tuesday, January 2nd. Goldman Sachs Group set a $62.00 price target 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 set a “buy” rating and a $72.00 price target on the stock. Bank of America set a $42.00 price target on Nike and gave the stock a “sell” rating in a research report on Friday, December 22nd. Finally, Canaccord Genuity set a $60.00 price target on Nike and gave the stock a “hold” rating in a research report on Sunday, January 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.10.
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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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