NIKE, Inc. (NYSE:NKE) is Unified Trust Company N.A.’s 7th Largest Position

Unified Trust Company N.A. increased its stake in NIKE, Inc. (NYSE:NKE) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,127 shares of the footwear maker’s stock after buying an additional 3,161 shares during the period. NIKE accounts for about 2.0% of Unified Trust Company N.A.’s holdings, making the stock its 7th largest holding. Unified Trust Company N.A.’s holdings in NIKE were worth $6,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Cable Hill Partners LLC boosted its holdings in NIKE by 5.9% in the second quarter. Cable Hill Partners LLC now owns 31,777 shares of the footwear maker’s stock worth $4,909,000 after acquiring an additional 1,765 shares in the last quarter. Colonial River Wealth Management LLC purchased a new position in shares of NIKE in the 2nd quarter worth about $228,000. Cambridge Financial Group Inc. grew its position in NIKE by 4.1% during the 2nd quarter. Cambridge Financial Group Inc. now owns 49,235 shares of the footwear maker’s stock valued at $7,606,000 after purchasing an additional 1,949 shares during the last quarter. Intellectus Partners LLC increased its stake in NIKE by 3.5% during the 2nd quarter. Intellectus Partners LLC now owns 4,766 shares of the footwear maker’s stock valued at $738,000 after purchasing an additional 162 shares in the last quarter. Finally, Ossiam increased its stake in NIKE by 27,834.7% during the 2nd quarter. Ossiam now owns 182,972 shares of the footwear maker’s stock valued at $30,650,000 after purchasing an additional 182,317 shares in the last quarter. 64.45% of the stock is owned by institutional investors.

Shares of NYSE NKE traded up $0.45 during mid-day trading on Thursday, reaching $156.75. The company’s stock had a trading volume of 258,430 shares, compared to its average volume of 6,575,932. The firm has a market capitalization of $247.95 billion, a PE ratio of 44.13, a P/E/G ratio of 2.49 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.72 and a quick ratio of 2.01. The stock has a fifty day moving average of $160.78 and a two-hundred day moving average of $148.68. NIKE, Inc. has a 52 week low of $118.80 and a 52 week high of $174.38.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Wednesday, September 22nd. The footwear maker reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.04. NIKE had a return on equity of 51.41% and a net margin of 12.86%. The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.47 billion. During the same period in the previous year, the firm earned $0.95 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. Analysts anticipate that NIKE, Inc. will post 4.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 1st. Stockholders of record on Monday, August 30th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, August 27th. NIKE’s dividend payout ratio (DPR) is presently 30.90%.

In related news, CFO Matthew Friend sold 43,000 shares of the business’s stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $170.00, for a total value of $7,310,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Heidi O’neill sold 13,000 shares of NIKE stock in a transaction on Wednesday, July 21st. The stock was sold at an average price of $160.77, for a total transaction of $2,090,010.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,671 shares of company stock valued at $11,230,087. 3.70% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on NKE shares. The Goldman Sachs Group set a $172.00 price target on shares of NIKE and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley decreased their price target on NIKE from $221.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, September 24th. Credit Suisse Group set a $183.00 price objective on NIKE in a report on Wednesday, September 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $213.00 target price on shares of NIKE in a research report on Friday, September 17th. Finally, Zacks Investment Research downgraded shares of NIKE from a “buy” rating to a “hold” rating and set a $164.00 price target on the stock. in a report on Tuesday, September 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $174.94.

NIKE Company Profile

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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