KCM Investment Advisors LLC Has $10.64 Million Stake in NIKE, Inc. (NYSE:NKE)

KCM Investment Advisors LLC lessened its stake in shares of NIKE, Inc. (NYSE:NKE) by 0.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,214 shares of the footwear maker’s stock after selling 771 shares during the period. KCM Investment Advisors LLC’s holdings in NIKE were worth $10,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of NIKE by 15.6% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,845,837 shares of the footwear maker’s stock worth $214,491,000 after purchasing an additional 383,960 shares during the period. Argent Advisors Inc. increased its stake in NIKE by 12.2% during the 2nd quarter. Argent Advisors Inc. now owns 6,513 shares of the footwear maker’s stock valued at $491,000 after purchasing an additional 710 shares in the last quarter. Vantage Investment Partners LLC raised its holdings in NIKE by 3.3% during the second quarter. Vantage Investment Partners LLC now owns 434,658 shares of the footwear maker’s stock worth $32,760,000 after buying an additional 13,709 shares during the last quarter. WestEnd Advisors LLC raised its holdings in NIKE by 24.9% during the second quarter. WestEnd Advisors LLC now owns 401,163 shares of the footwear maker’s stock worth $30,236,000 after buying an additional 79,916 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of NIKE by 2.5% in the second quarter. Crossmark Global Holdings Inc. now owns 263,568 shares of the footwear maker’s stock valued at $19,866,000 after buying an additional 6,473 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the transaction, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Holmes Swan acquired 2,941 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the acquisition, the director now owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on NKE. Deutsche Bank Aktiengesellschaft dropped their price target on shares of NIKE from $115.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. KeyCorp restated a “sector weight” rating on shares of NIKE in a report on Friday, June 28th. Bank of America decreased their price target on NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a report on Friday, June 28th. Evercore ISI reduced their target price on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. Finally, Raymond James reiterated a “market perform” rating on shares of NIKE in a report on Friday, June 28th. Fifteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.59.

NIKE Stock Performance

Shares of NYSE NKE traded up $0.07 during midday trading on Friday, hitting $83.33. The company’s stock had a trading volume of 13,751,888 shares, compared to its average volume of 11,453,677. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The firm has a market capitalization of $125.77 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.92 and a beta of 1.01. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $78.18 and a 200 day moving average price of $89.76.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. The company had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. NIKE’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.66 earnings per share. On average, research analysts forecast that NIKE, Inc. will post 3.12 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, September 3rd. NIKE’s payout ratio is 39.68%.

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.