Latest Stocks: Nike Inc (NKE) Shares Sold by Central Bank & Trust Co.

Latest Stocks: Nike Inc (NKE) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. lowered its position in shares of Nike Inc (NYSE:NKE) by 24.1% during the first quarter, Holdings Channel reports. The firm owned 12,271 shares of the footwear maker’s stock after selling 3,903 shares during the period. Central Bank & Trust Co.’s holdings in Nike were worth $684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. North Star Investment Management Corp. increased its position in Nike by 3.5% in the first quarter. North Star Investment Management Corp. now owns 3,080 shares of the footwear maker’s stock worth $172,000 after buying an additional 103 shares during the period. Oregon Public Employees Retirement Fund increased its position in Nike by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 337,096 shares of the footwear maker’s stock worth $18,786,000 after buying an additional 4,000 shares during the period. Saratoga Research & Investment Management increased its position in Nike by 1.4% in the first quarter. Saratoga Research & Investment Management now owns 431,113 shares of the footwear maker’s stock worth $24,026,000 after buying an additional 6,000 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Nike by 21.1% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 446,655 shares of the footwear maker’s stock worth $24,892,000 after buying an additional 77,908 shares during the period. Finally, Capital Insight Partners LLC increased its position in Nike by 38.5% in the first quarter. Capital Insight Partners LLC now owns 19,228 shares of the footwear maker’s stock worth $1,072,000 after buying an additional 5,347 shares during the period. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Shares of Nike Inc (NYSE:NKE) opened at 53.01 on Tuesday. Nike Inc has a 52-week low of $49.01 and a 52-week high of $60.33. The stock has a market capitalization of $87.51 billion, a price-to-earnings ratio of 22.12 and a beta of 0.44. The stock has a 50 day moving average of $53.98 and a 200-day moving average of $54.07.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.15. Nike had a return on equity of 31.70% and a net margin of 11.60%. The business had revenue of $8.43 billion during the quarter, compared to analyst estimates of $8.47 billion. During the same period in the previous year, the firm earned $0.55 EPS. Nike’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Nike Inc will post $2.40 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 5th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. Nike’s dividend payout ratio is presently 31.72%. A number of research firms have commented on NKE. Vetr downgraded shares of Nike from a “buy” rating to a “hold” rating and set a $54.16 price objective on the stock. in a research note on Monday. Zacks Investment Research downgraded shares of Nike from a “hold” rating to a “sell” rating in a research note on Friday. Piper Jaffray Companies set a $50.00 price objective on shares of Nike and gave the company a “hold” rating in a research note on Thursday, June 1st. Canaccord Genuity set a $51.00 price objective on shares of Nike and gave the company a “hold” rating in a research note on Friday, May 26th. Finally, Berenberg Bank began coverage on shares of Nike in a research note on Tuesday, May 16th. They set a “buy” rating and a $70.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Nike currently has an average rating of “Hold” and an average target price of $60.78.

In related news, insider Eric D. Sprunk sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $55.67, for a total value of $2,783,500.00. Following the completion of the transaction, the insider now directly owns 300,108 shares in the company, valued at approximately $16,707,012.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Hilary K. Krane sold 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $56.00, for a total value of $3,640,000.00. Following the completion of the transaction, the chief accounting officer now owns 270,795 shares of the company’s stock, valued at $15,164,520. The disclosure for this sale can be found here. Insiders sold a total of 379,000 shares of company stock valued at $21,213,800 over the last quarter. 3.90% of the stock is owned by insiders. Nike Company Profile

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE). Receive News & Ratings for Nike Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nike Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).

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