Wealthcare Advisory Partners LLC Purchases 343 Shares of NIKE, Inc. $NKE

Wealthcare Advisory Partners LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,565 shares of the footwear maker’s stock after purchasing an additional 343 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in NIKE were worth $1,390,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in NIKE in the 1st quarter valued at $25,000. Halbert Hargrove Global Advisors LLC raised its holdings in NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 362 shares in the last quarter. Saudi Central Bank acquired a new position in NIKE in the 1st quarter valued at $30,000. Matrix Trust Co raised its holdings in NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after acquiring an additional 153 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in NIKE in the 2nd quarter valued at $35,000. 64.25% of the stock is currently owned by institutional investors.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the sale, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their position. The transaction was disclosed in a 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 shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 200,378 shares of company stock valued at $14,794,264 over the last quarter. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

NKE has been the subject of several analyst reports. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Citigroup raised NIKE from a “neutral” rating to a “positive” rating in a report on Friday, September 19th. Bank of America boosted their price target on NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Hsbc Global Res raised NIKE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of NIKE in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

NIKE Price Performance

NIKE stock opened at $69.03 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $101.95 billion, a PE ratio of 35.40, a P/E/G ratio of 2.61 and a beta of 1.29. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $84.76. The stock has a 50-day moving average price of $74.28 and a two-hundred day moving average price of $67.28.

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

NIKE Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.3%. NIKE’s dividend payout ratio (DPR) is currently 82.05%.

NIKE 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.