Executive Wealth Management LLC Boosts Stock Position in Nike Inc (NYSE:NKE)

Share on StockTwits

Executive Wealth Management LLC grew its stake in Nike Inc (NYSE:NKE) by 12.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,245 shares of the footwear maker’s stock after purchasing an additional 1,851 shares during the period. Executive Wealth Management LLC’s holdings in Nike were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Trustcore Financial Services LLC boosted its position in shares of Nike by 2.9% during the second quarter. Trustcore Financial Services LLC now owns 4,261 shares of the footwear maker’s stock worth $358,000 after buying an additional 120 shares during the period. Merriman Wealth Management LLC boosted its position in shares of Nike by 1.0% during the second quarter. Merriman Wealth Management LLC now owns 12,337 shares of the footwear maker’s stock worth $1,054,000 after buying an additional 126 shares during the period. Midwest Professional Planners LTD. boosted its position in shares of Nike by 1.0% during the first quarter. Midwest Professional Planners LTD. now owns 12,794 shares of the footwear maker’s stock worth $1,077,000 after buying an additional 127 shares during the period. Arcadia Investment Management Corp MI boosted its position in shares of Nike by 45.4% during the first quarter. Arcadia Investment Management Corp MI now owns 410 shares of the footwear maker’s stock worth $35,000 after buying an additional 128 shares during the period. Finally, First Personal Financial Services boosted its position in shares of Nike by 14.9% during the second quarter. First Personal Financial Services now owns 992 shares of the footwear maker’s stock worth $83,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 66.15% of the company’s stock.

In other Nike news, insider Elliott Hill sold 34,100 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $88.34, for a total value of $3,012,394.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John F. Slusher sold 110,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $85.26, for a total value of $9,378,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 194,637 shares of company stock worth $16,767,237. 3.80% of the stock is owned by insiders.

Shares of NYSE NKE opened at $83.32 on Wednesday. The firm has a market capitalization of $128.45 billion, a PE ratio of 33.46, a P/E/G ratio of 2.17 and a beta of 0.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.39 and a current ratio of 2.10. Nike Inc has a 12-month low of $66.53 and a 12-month high of $90.00. The company has a fifty day moving average of $85.37.

Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, June 27th. The footwear maker reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). Nike had a net margin of 10.30% and a return on equity of 45.12%. The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts expect that Nike Inc will post 2.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, August 30th. Nike’s dividend payout ratio is presently 35.34%.

NKE has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Nike from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Canaccord Genuity restated a “buy” rating and set a $96.00 price target on shares of Nike in a research report on Wednesday, June 19th. Stifel Nicolaus set a $96.00 price target on Nike and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Macquarie set a $89.00 price target on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Piper Jaffray Companies set a $97.00 price target on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the stock. Nike has an average rating of “Buy” and a consensus price target of $90.02.

About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Further Reading: How much can an individual set aside as a catch-up contribution?

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).

Institutional Ownership by Quarter for Nike (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.



Latest News

TraDove B2BCoin  Trading 9.1% Lower  Over Last 7 Days
TraDove B2BCoin Trading 9.1% Lower Over Last 7 Days
Brokerages Expect UTStarcom Holdings Corp  to Post  Earnings Per Share
Brokerages Expect UTStarcom Holdings Corp to Post Earnings Per Share
Critical Comparison: Livexlive Media  versus Meritage Hospitality Group
Critical Comparison: Livexlive Media versus Meritage Hospitality Group
Shekel  Price Hits $0.0002
Shekel Price Hits $0.0002
Azart  Trading Down 3.5% Over Last Week
Azart Trading Down 3.5% Over Last Week
Davinci Coin  Price Hits $0.0042 on Top Exchanges
Davinci Coin Price Hits $0.0042 on Top Exchanges


© 2006-2019 Ticker Report