Silvercrest Asset Management Group LLC lowered its stake in shares of Nike Inc (NYSE:NKE) by 0.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 48,394 shares of the footwear maker’s stock after selling 112 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Nike were worth $2,460,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Clarius Group LLC acquired a new stake in shares of Nike during the fourth quarter valued at about $111,000. First Command Bank acquired a new stake in shares of Nike during the fourth quarter valued at about $128,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Nike during the third quarter valued at about $130,000. Bank Hapoalim BM acquired a new stake in shares of Nike during the third quarter valued at about $137,000. Finally, CWM LLC boosted its stake in shares of Nike by 18.1% in the third quarter. CWM LLC now owns 2,631 shares of the footwear maker’s stock valued at $139,000 after buying an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.
Nike Inc (NYSE:NKE) opened at 58.68 on Tuesday. Nike Inc has a 12-month low of $49.01 and a 12-month high of $65.44. The firm has a 50 day moving average of $55.95 and a 200-day moving average of $53.43. The stock has a market cap of $97.08 billion, a PE ratio of 25.87 and a beta of 0.44.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, March 2nd. Nike’s dividend payout ratio (DPR) is 31.72%.
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NKE has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $66.00 target price on shares of Nike in a research report on Friday, December 16th. HSBC Holdings plc upgraded shares of Nike from a “hold” rating to a “buy” rating and upped their target price for the company from $56.00 to $60.00 in a research report on Monday, December 5th. Stifel Nicolaus restated a “buy” rating and set a $68.00 target price on shares of Nike in a research report on Tuesday, December 13th. Deutsche Bank AG set a $65.00 target price on shares of Nike and gave the company a “buy” rating in a research report on Sunday, December 18th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $60.00 target price on shares of Nike in a research report on Monday, December 19th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $61.61.
In related news, EVP John F. Slusher sold 136,000 shares of Nike stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $52.13, for a total value of $7,089,680.00. Following the completion of the transaction, the executive vice president now owns 225,165 shares in the company, valued at $11,737,851.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 100,000 shares of Nike stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $52.94, for a total transaction of $5,294,000.00. Following the completion of the transaction, the chairman now owns 1,966,235 shares of the company’s stock, valued at approximately $104,092,480.90. The disclosure for this sale can be found here. Insiders sold a total of 636,000 shares of company stock worth $33,477,680 over the last three months. Insiders own 3.90% of the company’s stock.
Nike Company 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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