Stonehage Fleming Financial Services Holdings Ltd Decreases Stock Holdings in NIKE, Inc. $NKE

Stonehage Fleming Financial Services Holdings Ltd decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 79.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 551 shares of the footwear maker’s stock after selling 2,153 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in NIKE were worth $39,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Stone House Investment Management LLC bought a new stake in shares of NIKE during the 1st quarter valued at about $25,000. Mascoma Wealth Management LLC bought a new stake in shares of NIKE during the 2nd quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 362 shares in the last quarter. Saudi Central Bank bought a new stake in shares of NIKE during the 1st quarter valued at about $30,000. Finally, Matrix Trust Co boosted its stake in shares of NIKE by 53.1% during the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NKE. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of NIKE from $77.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, June 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of NIKE in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $78.00 price objective on shares of NIKE in a research note on Wednesday, October 1st. UBS Group set a $71.00 price objective on shares of NIKE and gave the stock a “neutral” rating in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.57.

Insider Buying and Selling

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the sale, the chairman directly owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 200,378 shares of company stock valued at $14,794,264. 0.80% of the stock is owned by corporate insiders.

NIKE Stock Down 4.1%

NKE opened at $65.25 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $73.80 and a 200-day moving average price of $67.29. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $84.76. The stock has a market capitalization of $96.45 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 2.38 and a beta of 1.29.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s dividend payout ratio is currently 82.05%.

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.