My Personal CFO LLC Has $489,000 Stake in NIKE, Inc. (NYSE:NKE)

My Personal CFO LLC lowered its position in NIKE, Inc. (NYSE:NKE) by 2.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,427 shares of the footwear maker’s stock after selling 129 shares during the period. My Personal CFO LLC’s holdings in NIKE were worth $489,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NKE. Morgan Stanley lifted its position in shares of NIKE by 26.4% during the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after acquiring an additional 6,410,744 shares during the period. Geode Capital Management LLC lifted its position in shares of NIKE by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 22,478,963 shares of the footwear maker’s stock valued at $2,750,643,000 after acquiring an additional 116,877 shares during the period. FMR LLC lifted its position in shares of NIKE by 11.8% during the 1st quarter. FMR LLC now owns 19,087,757 shares of the footwear maker’s stock valued at $2,340,922,000 after acquiring an additional 2,011,891 shares during the period. Price T Rowe Associates Inc. MD increased its stake in NIKE by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,334,239 shares of the footwear maker’s stock valued at $2,028,279,000 after purchasing an additional 1,254,209 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in NIKE by 139,649.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after purchasing an additional 16,801,276 shares in the last quarter. Institutional investors and hedge funds own 63.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NKE. Erste Group Bank restated a “hold” rating on shares of NIKE in a research note on Friday, September 8th. Wedbush increased their price target on shares of NIKE from $129.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. KeyCorp started coverage on shares of NIKE in a research report on Tuesday, July 25th. They set a “sector weight” rating for the company. Royal Bank of Canada reduced their price target on shares of NIKE from $138.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, June 30th. Finally, Stifel Nicolaus reduced their price target on shares of NIKE from $143.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, August 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.07.

NIKE Price Performance

NKE traded down $0.77 on Tuesday, reaching $94.74. The company had a trading volume of 3,081,060 shares, compared to its average volume of 6,909,531. The business has a 50 day simple moving average of $104.70 and a 200 day simple moving average of $112.67. The company has a market cap of $144.95 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 1.70 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.81 and a current ratio of 2.72. NIKE, Inc. has a 52-week low of $82.22 and a 52-week high of $131.31.

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

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, September 1st. NIKE’s payout ratio is currently 42.11%.

Insider Buying and Selling at NIKE

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

NIKE Company 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.