NIKE, Inc. (NYSE:NKE) Position Lessened by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. trimmed its position in shares of NIKE, Inc. (NYSE:NKEGet Rating) by 71.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,955 shares of the footwear maker’s stock after selling 27,428 shares during the period. Fullerton Fund Management Co Ltd.’s holdings in NIKE were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of NIKE during the first quarter worth $26,000. Antonetti Capital Management LLC increased its position in NIKE by 900.0% during the first quarter. Antonetti Capital Management LLC now owns 200 shares of the footwear maker’s stock worth $27,000 after buying an additional 180 shares during the last quarter. Alpha Paradigm Partners LLC acquired a new position in NIKE during the fourth quarter worth $31,000. Worth Asset Management LLC acquired a new position in NIKE during the first quarter worth $32,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in NIKE by 6,250.0% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 254 shares of the footwear maker’s stock worth $34,000 after buying an additional 250 shares during the last quarter. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Up 2.1 %

Shares of NKE opened at $110.97 on Friday. The stock has a market cap of $174.06 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 2.29 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.58. NIKE, Inc. has a 12 month low of $99.53 and a 12 month high of $179.10. The company has a 50-day moving average price of $109.73 and a two-hundred day moving average price of $117.65.

NIKE (NYSE:NKEGet Rating) last posted its earnings results on Monday, June 27th. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. NIKE had a net margin of 12.94% and a return on equity of 40.74%. The company had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $12.10 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. NIKE’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts predict that NIKE, Inc. will post 3.79 EPS for the current fiscal year.

NIKE announced that its board has approved a share repurchase program on Monday, June 27th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the footwear maker to reacquire up to 11% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, September 2nd. NIKE’s dividend payout ratio is currently 32.45%.

Insider Activity at NIKE

In related news, COO Andrew Campion sold 5,922 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total value of $671,673.24. Following the completion of the sale, the chief operating officer now owns 75,295 shares of the company’s stock, valued at $8,539,958.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NIKE news, COO Andrew Campion sold 5,922 shares of NIKE stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $113.42, for a total transaction of $671,673.24. Following the completion of the sale, the chief operating officer now owns 75,295 shares of the company’s stock, valued at approximately $8,539,958.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Monique S. Matheson sold 30,000 shares of NIKE stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $107.19, for a total transaction of $3,215,700.00. Following the sale, the executive vice president now directly owns 60,330 shares of the company’s stock, valued at approximately $6,466,772.70. The disclosure for this sale can be found here. Insiders sold a total of 68,593 shares of company stock valued at $7,372,310 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on NKE shares. Wells Fargo & Company lowered their target price on shares of NIKE from $150.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 28th. KGI Securities downgraded shares of NIKE from an “outperform” rating to a “neutral” rating in a research report on Monday, May 23rd. KeyCorp started coverage on shares of NIKE in a research report on Wednesday, July 20th. They set a “sector weight” rating on the stock. Telsey Advisory Group lowered their target price on shares of NIKE from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 28th. Finally, BNP Paribas downgraded NIKE from an “outperform” rating to a “neutral” rating and set a $118.00 price target on the stock. in a research report on Tuesday, August 9th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.12.

About NIKE

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NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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