NIKE, Inc. (NYSE:NKE) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB decreased its position in NIKE, Inc. (NYSE:NKE) by 42.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,549 shares of the footwear maker’s stock after selling 239,391 shares during the quarter. AMF Tjanstepension AB’s holdings in NIKE were worth $35,184,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Meiji Yasuda Life Insurance Co raised its position in shares of NIKE by 0.3% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 29,026 shares of the footwear maker’s stock worth $3,396,000 after purchasing an additional 80 shares during the period. Vestcor Inc raised its position in shares of NIKE by 0.3% during the fourth quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock worth $3,508,000 after purchasing an additional 81 shares during the period. CWS Financial Advisors LLC raised its position in shares of NIKE by 2.9% during the first quarter. CWS Financial Advisors LLC now owns 2,896 shares of the footwear maker’s stock worth $355,000 after purchasing an additional 82 shares during the period. Essex Savings Bank raised its position in shares of NIKE by 1.2% during the first quarter. Essex Savings Bank now owns 6,940 shares of the footwear maker’s stock worth $851,000 after purchasing an additional 83 shares during the period. Finally, West Family Investments Inc. raised its position in NIKE by 2.9% during the first quarter. West Family Investments Inc. now owns 3,029 shares of the footwear maker’s stock valued at $371,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 63.42% of the company’s stock.

Insider Buying and Selling

In related news, EVP Monique S. Matheson sold 40,000 shares of NIKE stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $108.59, for a total transaction of $4,343,600.00. Following the completion of the transaction, the executive vice president now owns 44,736 shares in the company, valued at $4,857,882.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $108.58, for a total transaction of $11,943,800.00. Following the completion of the sale, the chairman now owns 1,334,781 shares in the company, valued at $144,930,520.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Monique S. Matheson sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $108.59, for a total value of $4,343,600.00. Following the sale, the executive vice president now owns 44,736 shares of the company’s stock, valued at approximately $4,857,882.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,251 shares of company stock worth $17,063,257. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NKE. Williams Trading cut their price target on NIKE from $95.00 to $91.00 and set a “sell” rating for the company in a report on Thursday, September 7th. KeyCorp began coverage on NIKE in a report on Tuesday, July 25th. They issued a “sector weight” rating for the company. Citigroup cut their price target on NIKE from $125.00 to $109.00 in a report on Tuesday, June 13th. JPMorgan Chase & Co. cut their price target on NIKE from $152.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, June 28th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of NIKE in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.28.

NIKE Stock Performance

Shares of NIKE stock opened at $96.75 on Thursday. The stock’s fifty day simple moving average is $105.24 and its 200 day simple moving average is $113.14. NIKE, Inc. has a 12 month low of $82.22 and a 12 month high of $131.31. The company has a market capitalization of $148.02 billion, a PE ratio of 29.90, a PEG ratio of 1.73 and a beta of 1.12. The company has a current ratio of 2.72, a quick ratio of 1.81 and a debt-to-equity ratio of 0.64.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.58 billion. NIKE had a net margin of 9.90% and a return on equity of 34.01%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. On average, research analysts predict that NIKE, Inc. will post 3.71 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Tuesday, September 5th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, September 1st. NIKE’s payout ratio is currently 42.11%.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services 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.