Neville Rodie & Shaw Inc. Has $4.39 Million Holdings in Nike, Inc. (NKE)

Neville Rodie & Shaw Inc. lessened its holdings in shares of Nike, Inc. (NYSE:NKE) by 18.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,425 shares of the footwear maker’s stock after selling 16,961 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Nike were worth $4,391,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. State Street Corp grew its position in shares of Nike by 1.4% during the 1st quarter. State Street Corp now owns 59,554,253 shares of the footwear maker’s stock worth $3,319,086,000 after purchasing an additional 835,003 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Nike by 5.0% during the 1st quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock worth $2,781,332,000 after purchasing an additional 2,375,447 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Nike by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 29,087,830 shares of the footwear maker’s stock worth $1,621,066,000 after purchasing an additional 144,846 shares in the last quarter. Jennison Associates LLC grew its position in shares of Nike by 124.7% during the 1st quarter. Jennison Associates LLC now owns 25,143,559 shares of the footwear maker’s stock worth $1,401,251,000 after purchasing an additional 13,953,567 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Nike by 9.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,679,290 shares of the footwear maker’s stock worth $706,617,000 after purchasing an additional 1,130,409 shares in the last quarter. Hedge funds and other institutional investors own 62.72% of the company’s stock.

In related news, CFO Andrew Campion sold 96,243 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $56.68, for a total value of $5,455,053.24. Following the completion of the transaction, the chief financial officer now directly owns 50,246 shares in the company, valued at approximately $2,847,943.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric D. Sprunk sold 50,000 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $59.00, for a total transaction of $2,950,000.00. Following the completion of the transaction, the insider now owns 300,108 shares of the company’s stock, valued at $17,706,372. The disclosure for this sale can be found here. Over the last quarter, insiders sold 492,360 shares of company stock valued at $28,485,174. 3.90% of the stock is owned by company insiders.

Shares of Nike, Inc. (NYSE NKE) traded up 0.26% on Friday, hitting $53.87. 10,046,827 shares of the stock were exchanged. Nike, Inc. has a 12 month low of $49.01 and a 12 month high of $60.53. The company has a 50-day moving average price of $55.88 and a 200 day moving average price of $55.47. The company has a market cap of $88.52 billion, a PE ratio of 21.46 and a beta of 0.61.

Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The company had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.63 billion. Nike had a net margin of 12.34% and a return on equity of 34.18%. Nike’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. Equities analysts forecast that Nike, Inc. will post $2.41 EPS for the current fiscal year.

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 paid a $0.18 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. Nike’s payout ratio is 28.69%.

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A number of research analysts have issued reports on the stock. UBS AG restated a “buy” rating and set a $62.00 target price (down previously from $63.00) on shares of Nike in a research report on Tuesday, June 27th. FBR & Co set a $53.00 target price on shares of Nike and gave the stock a “hold” rating in a research report on Saturday, July 1st. Canaccord Genuity set a $51.00 target price on shares of Nike and gave the stock a “hold” rating in a research report on Saturday, July 1st. Wells Fargo & Company set a $56.00 target price on shares of Nike and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, Piper Jaffray Companies set a $50.00 target price on shares of Nike and gave the stock a “hold” rating in a research report on Saturday, July 1st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $60.48.

Nike 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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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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