Exencial Wealth Advisors LLC Sells 3,420 Shares of NIKE, Inc. $NKE

Exencial Wealth Advisors LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,668 shares of the footwear maker’s stock after selling 3,420 shares during the period. Exencial Wealth Advisors LLC’s holdings in NIKE were worth $6,228,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock worth $7,182,831,000 after purchasing an additional 4,957,494 shares during the last quarter. Wellington Management Group LLP increased its holdings in NIKE by 24.9% during the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after purchasing an additional 9,043,180 shares during the period. Goldman Sachs Group Inc. increased its holdings in NIKE by 344.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares during the period. Bank of New York Mellon Corp increased its holdings in NIKE by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker’s stock valued at $1,332,331,000 after purchasing an additional 620,214 shares during the period. Finally, Flossbach Von Storch SE grew its holdings in shares of NIKE by 24.0% during the 1st quarter. Flossbach Von Storch SE now owns 10,286,619 shares of the footwear maker’s stock worth $652,995,000 after acquiring an additional 1,988,547 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 1.1%

Shares of NYSE NKE opened at $68.39 on Wednesday. The firm has a 50-day simple moving average of $72.84 and a two-hundred day simple moving average of $67.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44. The company has a market cap of $101.09 billion, a P/E ratio of 35.07, a PEG ratio of 2.49 and a beta of 1.29.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. NIKE’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were given a $0.40 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. NIKE’s dividend payout ratio is 82.05%.

Analysts Set New Price Targets

NKE has been the topic of several recent research reports. Piper Sandler set a $84.00 price target on NIKE and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. KeyCorp set a $90.00 price objective on NIKE and gave the company an “overweight” rating in a research report on Thursday, October 2nd. HSBC raised NIKE from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Friday, June 27th. Morgan Stanley set a $72.00 target price on NIKE and gave the stock a “positive” rating in a report on Wednesday, October 1st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 target price on shares of NIKE in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.21.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the transaction, the chairman owned 744,988 shares in the company, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This trade represents a 12.76% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

About NIKE

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.