Intellectus Partners LLC Purchases 162 Shares of NIKE, Inc. (NYSE:NKE)

Intellectus Partners LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,766 shares of the footwear maker’s stock after purchasing an additional 162 shares during the quarter. Intellectus Partners LLC’s holdings in NIKE were worth $738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ossiam grew its holdings in NIKE by 27,834.7% during the 2nd quarter. Ossiam now owns 182,972 shares of the footwear maker’s stock worth $30,650,000 after acquiring an additional 182,317 shares during the last quarter. Toroso Investments LLC grew its holdings in NIKE by 182.2% during the 2nd quarter. Toroso Investments LLC now owns 34,007 shares of the footwear maker’s stock worth $5,254,000 after acquiring an additional 21,958 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings in NIKE by 3.8% during the 2nd quarter. Gryphon Financial Partners LLC now owns 10,458 shares of the footwear maker’s stock worth $1,401,000 after acquiring an additional 380 shares during the last quarter. Kore Private Wealth LLC boosted its stake in shares of NIKE by 88.5% in the 2nd quarter. Kore Private Wealth LLC now owns 4,951 shares of the footwear maker’s stock valued at $765,000 after purchasing an additional 2,325 shares during the last quarter. Finally, Kensington Investment Counsel LLC boosted its stake in shares of NIKE by 2.4% in the 2nd quarter. Kensington Investment Counsel LLC now owns 9,059 shares of the footwear maker’s stock valued at $1,400,000 after purchasing an additional 214 shares during the last quarter. 64.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Matthew Friend sold 3,546 shares of the business’s stock in a transaction dated Thursday, August 5th. The stock was sold at an average price of $171.50, for a total transaction of $608,139.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Andrew Campion sold 7,125 shares of the business’s stock in a transaction dated Thursday, August 5th. The stock was sold at an average price of $171.50, for a total value of $1,221,937.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,671 shares of company stock valued at $11,230,087. 3.70% of the stock is owned by insiders.

A number of analysts recently weighed in on NKE shares. Credit Suisse Group set a $183.00 price target on shares of NIKE in a research report on Wednesday, September 22nd. BMO Capital Markets dropped their target price on shares of NIKE from $174.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 24th. Bank of America dropped their target price on shares of NIKE from $168.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, September 24th. The Goldman Sachs Group set a $172.00 price objective on shares of NIKE and gave the company a “buy” rating in a report on Tuesday. Finally, Wedbush started coverage on shares of NIKE in a report on Monday, October 4th. They issued an “outperform” rating and a $170.00 price objective on the stock. One 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $174.94.

NKE stock traded up $0.77 during midday trading on Thursday, reaching $157.07. The company had a trading volume of 67,766 shares, compared to its average volume of 6,575,932. The company has a market capitalization of $248.45 billion, a price-to-earnings ratio of 43.90, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87. The stock has a 50 day moving average price of $160.78 and a 200-day moving average price of $148.68. NIKE, Inc. has a 1-year low of $118.80 and a 1-year high of $174.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.72 and a quick ratio of 2.01.

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

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

About NIKE

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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