Nike Inc (NYSE:NKE) Shares Sold by Park National Corp OH

Park National Corp OH reduced its position in shares of Nike Inc (NYSE:NKE) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,836 shares of the footwear maker’s stock after selling 7,548 shares during the period. Nike accounts for about 1.9% of Park National Corp OH’s holdings, making the stock its 11th biggest holding. Park National Corp OH’s holdings in Nike were worth $36,261,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Glassman Wealth Services increased its position in Nike by 6.6% during the second quarter. Glassman Wealth Services now owns 1,626 shares of the footwear maker’s stock worth $159,000 after purchasing an additional 100 shares during the last quarter. Adirondack Trust Co. increased its position in Nike by 1.9% during the second quarter. Adirondack Trust Co. now owns 5,320 shares of the footwear maker’s stock worth $519,000 after purchasing an additional 100 shares during the last quarter. Capital Analysts LLC increased its position in Nike by 8.0% during the second quarter. Capital Analysts LLC now owns 1,410 shares of the footwear maker’s stock worth $138,000 after purchasing an additional 104 shares during the last quarter. Lafayette Investments Inc. increased its position in Nike by 1.1% during the second quarter. Lafayette Investments Inc. now owns 10,067 shares of the footwear maker’s stock worth $987,000 after purchasing an additional 108 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. increased its position in shares of Nike by 6.4% during the second quarter. Shine Investment Advisory Services Inc. now owns 1,846 shares of the footwear maker’s stock valued at $181,000 after acquiring an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 64.20% of the company’s stock.

Shares of Nike stock traded up $1.10 during trading on Thursday, reaching $126.64. The company’s stock had a trading volume of 5,635,704 shares, compared to its average volume of 7,997,909. The company has a 50-day moving average price of $113.71 and a two-hundred day moving average price of $96.96. The firm has a market cap of $197.54 billion, a PE ratio of 80.15, a P/E/G ratio of 3.15 and a beta of 0.83. Nike Inc has a fifty-two week low of $60.00 and a fifty-two week high of $130.38. The company has a current ratio of 2.48, a quick ratio of 1.59 and a debt-to-equity ratio of 1.17.

Nike (NYSE:NKE) last announced its earnings results on Tuesday, September 22nd. The footwear maker reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.49. The business had revenue of $10.59 billion for the quarter, compared to analysts’ expectations of $9.15 billion. Nike had a net margin of 6.79% and a return on equity of 32.95%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. On average, analysts predict that Nike Inc will post 2.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.77%. Nike’s payout ratio is 52.97%.

NKE has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Nike from $95.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, September 22nd. Argus lifted their price target on shares of Nike from $115.00 to $145.00 in a research report on Thursday, September 24th. BTIG Research lifted their price target on shares of Nike from $140.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Pivotal Research lifted their price target on shares of Nike from $118.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Finally, UBS Group lifted their price target on shares of Nike from $127.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $133.76.

In other Nike news, Chairman Mark G. Parker sold 95,000 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $125.17, for a total value of $11,891,150.00. Following the transaction, the chairman now directly owns 1,518,635 shares of the company’s stock, valued at approximately $190,087,542.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Hilary K. Krane sold 11,000 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $96.33, for a total transaction of $1,059,630.00. The disclosure for this sale can be found here. Insiders sold a total of 586,962 shares of company stock worth $70,167,562 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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