Bernardo Wealth Planning LLC Sells 122 Shares of NIKE, Inc. (NYSE:NKE)

Bernardo Wealth Planning LLC lowered its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,787 shares of the footwear maker’s stock after selling 122 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in NIKE were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of NIKE by 5.2% in the 2nd quarter. BlackRock Inc. now owns 95,685,586 shares of the footwear maker’s stock worth $9,381,973,000 after acquiring an additional 4,708,888 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of NIKE by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,767,069 shares of the footwear maker’s stock valued at $2,624,512,000 after buying an additional 219,450 shares in the last quarter. Morgan Stanley boosted its stake in NIKE by 34.4% in the 1st quarter. Morgan Stanley now owns 20,528,550 shares of the footwear maker’s stock worth $1,698,534,000 after purchasing an additional 5,256,195 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in NIKE by 0.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 12,847,672 shares of the footwear maker’s stock worth $1,259,714,000 after purchasing an additional 45,165 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in NIKE by 29.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,463,095 shares of the footwear maker’s stock worth $731,756,000 after purchasing an additional 1,709,288 shares in the last quarter. Institutional investors and hedge funds own 64.20% of the company’s stock.

In other NIKE news, COO Andrew Campion sold 5,043 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $97.12, for a total value of $489,776.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 8,500 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $108.00, for a total transaction of $918,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 785,649 shares of company stock worth $97,741,803. Corporate insiders own 3.80% of the company’s stock.

NIKE stock opened at $129.11 on Monday. NIKE, Inc. has a 52-week low of $60.00 and a 52-week high of $131.38. The firm has a market capitalization of $204.06 billion, a price-to-earnings ratio of 77.84, a PEG ratio of 2.70 and a beta of 0.80. The company has a fifty day simple moving average of $122.69 and a 200-day simple moving average of $103.05. The company has a quick ratio of 1.77, a current ratio of 2.55 and a debt-to-equity ratio of 1.02.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, September 22nd. The footwear maker reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.49. NIKE had a net margin of 7.20% and a return on equity of 34.62%. The business had revenue of $10.59 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts anticipate that NIKE, Inc. will post 2.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, August 31st were given a dividend of $0.245 per share. The ex-dividend date was Friday, August 28th. This represents a $0.98 annualized dividend and a dividend yield of 0.76%. NIKE’s payout ratio is 52.97%.

A number of research firms recently commented on NKE. Rowe lifted their target price on shares of NIKE from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 23rd. Bank of America lifted their target price on shares of NIKE from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. BMO Capital Markets lifted their target price on shares of NIKE from $100.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. Guggenheim lifted their target price on shares of NIKE from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of NIKE from a “hold” rating to a “buy” rating and lifted their price objective for the company from $107.00 to $151.00 in a research note on Wednesday, September 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $137.03.

NIKE Company Profile

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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