Huntington National Bank reduced its stake in Nike Inc (NYSE:NKE) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 856,267 shares of the footwear maker’s stock after selling 15,764 shares during the period. Huntington National Bank owned approximately 0.05% of Nike worth $44,398,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NKE. Asset Planning Services Ltd. boosted its stake in Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after buying an additional 7 shares during the period. Atlantic Trust LLC bought a new stake in Nike during the second quarter valued at $136,000. Howe & Rusling Inc. boosted its stake in Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after buying an additional 2,329 shares during the period. Kistler Tiffany Companies LLC boosted its stake in Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after buying an additional 1,209 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Nike by 7.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after buying an additional 201 shares during the period. 62.78% of the stock is owned by hedge funds and other institutional investors.
Nike Inc (NYSE NKE) traded up $0.26 on Friday, hitting $64.79. The stock had a trading volume of 15,659,260 shares, compared to its average volume of 8,905,749. The stock has a market capitalization of $105,281.79, a P/E ratio of 27.46, a P/E/G ratio of 3.02 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 2.67. Nike Inc has a 1 year low of $50.35 and a 1 year high of $65.07.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is currently 34.04%.
Several research firms recently issued reports on NKE. B. Riley reissued a “neutral” rating on shares of Nike in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $58.00 price objective on Nike and gave the company a “hold” rating in a research note on Friday. Pivotal Research set a $60.00 price objective on Nike and gave the company a “hold” rating in a research note on Friday. Guggenheim reissued a “buy” rating and set a $70.00 price objective on shares of Nike in a research note on Friday. Finally, Stifel Nicolaus set a $74.00 price target on Nike and gave the company a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Nike currently has a consensus rating of “Hold” and a consensus price target of $60.67.
In other news, EVP Monique S. Matheson sold 10,000 shares of Nike stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.00, for a total value of $620,000.00. Following the transaction, the executive vice president now owns 23,248 shares in the company, valued at $1,441,376. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
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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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