NIKE, Inc. (NYSE:NKE) Shares Bought by Dynamic Advisor Solutions LLC



Dynamic Advisor Solutions LLC raised its holdings in NIKE, Inc. (NYSE:NKE – Get Rating) by 35.1% during the first quarter, Holdings Channel reports. The institutional investor owned 3,858 shares of the footwear maker’s stock after buying an additional 1,003 during the period. Dynamic Advisor Solutions LLC’s holdings in NIKE were worth $519,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its position in shares of NIKE by 0.3% during the fourth quarter. BlackRock Inc. now owns 89,964,963 shares of the footwear maker’s stock worth $14,994,459,000 after purchasing an additional 298,848 shares in the last quarter. State Street Corp increased its position in shares of NIKE by 3.6% during the fourth quarter. State Street Corp now owns 56,598,375 shares of the footwear maker’s stock worth $9,433,251,000 after purchasing an additional 1,969,270 shares in the last quarter. Geode Capital Management LLC increased its position in shares of NIKE by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 21,444,116 shares of the footwear maker’s stock worth $3,564,786,000 after purchasing an additional 601,940 shares in the last quarter. Jennison Associates LLC increased its position in shares of NIKE by 14.6% during the fourth quarter. Jennison Associates LLC now owns 15,307,214 shares of the footwear maker’s stock worth $2,551,253,000 after purchasing an additional 1,944,401 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of NIKE during the fourth quarter worth about $1,894,686,000. Institutional investors own 65.35% of the company’s stock.

Shares of NYSE:NKE opened at $112.91 on Friday. The business’s 50 day simple moving average is $116.80 and its 200-day simple moving average is $134.66. The firm has a market capitalization of $177.69 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.06 and a quick ratio of 2.18. NIKE, Inc. has a 12 month low of $103.46 and a 12 month high of $179.10.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Monday, June 6th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, June 3rd. NIKE’s dividend payout ratio (DPR) is 32.19%.

A number of research firms have recently commented on NKE. Guggenheim cut their target price on NIKE from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, June 13th. StockNews.com began coverage on NIKE in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley restated an “overweight” rating and issued a $159.00 price target on shares of NIKE in a research report on Wednesday, June 15th. Cowen dropped their price target on NIKE from $139.00 to $133.00 in a research report on Thursday. Finally, BMO Capital Markets dropped their price target on NIKE from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have a buy rating to the company’s stock. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus price target of $155.85.

In related news, CFO Matthew Friend sold 9,032 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $110.52, for a total value of $998,216.64. Following the sale, the chief financial officer now owns 51,581 shares of the company’s stock, valued at approximately $5,700,732.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Andrew Campion sold 14,203 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $120.61, for a total value of $1,713,023.83. Following the completion of the transaction, the chief operating officer now owns 73,795 shares of the company’s stock, valued at $8,900,414.95. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

NIKE Company Profile (Get Rating)

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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.

Further Reading

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)



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