Regent Peak Wealth Advisors LLC Has $1.91 Million Holdings in NIKE, Inc. (NYSE:NKE)

Regent Peak Wealth Advisors LLC trimmed its position in NIKE, Inc. (NYSE:NKE) by 16.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,608 shares of the footwear maker’s stock after selling 4,207 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in NIKE were worth $1,910,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vontobel Holding Ltd. increased its holdings in NIKE by 25.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 3,442,216 shares of the footwear maker’s stock valued at $304,292,000 after buying an additional 699,642 shares during the period. Roberts Wealth Advisors LLC lifted its holdings in shares of NIKE by 57.4% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 51,807 shares of the footwear maker’s stock worth $4,184,000 after acquiring an additional 18,893 shares during the period. Bill Few Associates Inc. acquired a new stake in shares of NIKE during the 3rd quarter valued at about $208,000. Griffin Asset Management Inc. increased its stake in NIKE by 6.2% in the third quarter. Griffin Asset Management Inc. now owns 23,040 shares of the footwear maker’s stock valued at $2,037,000 after acquiring an additional 1,340 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its position in NIKE by 53.9% in the third quarter. Jamison Private Wealth Management Inc. now owns 8,071 shares of the footwear maker’s stock worth $713,000 after purchasing an additional 2,826 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 1.5 %

NYSE NKE traded up $1.27 during trading on Wednesday, reaching $83.39. 3,383,382 shares of the stock traded hands, compared to its average volume of 11,697,703. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The firm has a market cap of $125.87 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average price is $82.05 and its 200 day moving average price is $85.41.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. Analysts predict that NIKE, Inc. will post 2.8 EPS for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Analyst Ratings Changes

NKE has been the topic of a number of recent research reports. BMO Capital Markets decreased their price objective on NIKE from $118.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, June 28th. KeyCorp reaffirmed a “sector weight” rating on shares of NIKE in a report on Friday, June 28th. Evercore ISI cut their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Wedbush decreased their price objective on shares of NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Finally, Stifel Nicolaus cut their target price on shares of NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.56.

Insider Transactions at NIKE

In other NIKE 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 completion of the transaction, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the completion of the transaction, the chairman now owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

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.