Has $70.42 Million Position in Nike Inc (NKE)

Galtero Lara
Enero 13, 2018

Now let us take a look at NIKE, Inc., ticker NKE, which operates in the Consumer Goods, and if you see it from a different set of glasses and look at the other aspects of the business you will notice a lot of things.

Twin Capital Management Inc increased Aetna Inc (NYSE:AET) stake by 6,280 shares to 81,160 valued at $12.91M in 2017Q3. Consulta Ltd who had been investing in Nike Inc for a number of months, seems to be less bullish one the $104.60B market cap company. The stock decreased 1.06% or $0.15 during the last trading session, reaching $14.05. The total dollar value of all 321.60 million outstanding shares is 53.04 billion. It has underperformed by 16.70% the S&P500.

Dynamic Advisors Solutions Llc decreased Nike Inc (NKE) stake by 55.27% reported in 2017Q3 SEC filing. Northern Trust Corp now owns 21,502,892 shares of the footwear maker's stock worth $1,268,671,000 after acquiring an additional 1,344,638 shares during the last quarter. The Ar Asset Management Inc holds 82,850 shares with $4.30M value, up from 68,000 last quarter. Of those holders, 532 had increased positions amounting to 56.64 million shares, 683 had decreased positions amounting to 64.75 million shares, and 168 holders have a held position accounting for 923.15 million shares. About 1.41M shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since January 10, 2017 and is downtrending. If the ratio is less than 1, then we can determine that there has been a decrease in price. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. It turned negative, as 44 investors sold MAR shares while 224 reduced holdings. 125 funds opened positions while 492 raised stakes. 14,825 were reported by Franklin Street Advsr Nc. Eaton Vance Mgmt accumulated 5.25 million shares. The institutional investor owned 197,511 shares of the footwear maker's stock after selling 54,898 shares during the quarter. Buckingham Research initiated coverage on shares of Nike in a research report on Sunday, December 31st. Advisory Ser holds 0.04% or 6,342 shares in its portfolio. Goldman Sachs Gp reported 0.13% stake. Retail Bank Of Nova Scotia stated it has 0.01% of its portfolio in Snap-on Incorporated (NYSE:SNA). Fagan Assoc accumulated 1.99% or 77,568 shares. Assetmark owns 4,956 shares or 0% of their U.S. portfolio. Ameritas Invest Prns, Nebraska-based fund reported 3,978 shares.

Among 9 analysts covering Snap-on (NYSE:SNA), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 69% are positive. Snap-on had 26 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by Brean Capital on Wednesday, June 29 with "Buy". Susquehanna maintained the shares of NKE in report on Thursday, June 15 with "Buy" rating. On Friday, September 25 the stock rating was maintained by Piper Jaffray with "Overweight". (NYSE:NKE) has "Positive" rating given on Tuesday, October 11 by Susquehanna. UBS maintained it with "Buy" rating and $70 target in Wednesday, June 29 report. The rating was maintained by Cowen & Co with "Hold" on Friday, August 4. J.P. Morgan downgraded the shares of EVTC in report on Tuesday, December 12 to "Sell" rating. It also upped Apple Inc (NASDAQ:AAPL) stake by 3,044 shares and now owns 22,903 shares.

Currently, NIKE, Inc. (NYSE:NKE)'s ROIC is 0.320823. (NYSE:NKE), 23 have Buy rating, 2 Sell and 19 Hold. 0 analysts gave its stock an Outperform rating. The company was maintained on Friday, September 25 by Citigroup. The rating was maintained by Stifel Nicolaus on Wednesday, November 8 with "Hold". Robert W. Baird maintained NIKE, Inc. Finally, Morgan Stanley set a $64.00 price objective on shares of Nike and gave the company a "buy" rating in a report on Monday, September 18th. The stock has "Outperform" rating by Credit Suisse on Wednesday, December 28.

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More notable recent NIKE, Inc.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, December 20th. Investors of record on Monday, December 4th were paid a $0.20 dividend. Its down 0.20, from 1 in 2017Q2.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NKE. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. As for the shares, it has gone above the 20 days moving average and is now hovering within a distance of 0.85%. Geode Capital Management Limited Co stated it has 0.01% of its portfolio in Franklin Electric Co., Inc. Capital World Investors increased its holdings in shares of Nike by 58.7% during the 2nd quarter. Rhumbline Advisers holds 0% in EVERTEC, Inc. (NYSE:NKE) for 27,989 shares. (NASDAQ:FBNK). First Advsrs Lp owns 31,396 shares for 0% of their portfolio. Associated Banc has invested 0.01% in NIKE, Inc. (NYSE:EVTC). Capstone Investment Ltd Company holds 0.02% or 40,400 shares.

Southeast Asset Advisors Inc, which manages about $1.76 billion and $316.12 million US Long portfolio, decreased its stake in Alphabet Inc by 874 shares to 34,948 shares, valued at $33.52M in 2017Q3, according to the filing. It also reduced its holding in Campbell Soup Co (NYSE:CPB) by 63,712 shares in the quarter, leaving it with 30,000 shares, and cut its stake in U S Silica Hldgs Inc (NYSE:SLCA). 236.59 million shares or 1.84% less from 241.03 million shares in 2017Q2 were reported. The Return on Assets for NIKE, Inc. Ensemble Mngmt Ltd Liability Com reported 331,459 shares stake. 46,407 are held by Next Grp Incorporated. Capital Research Global Investors grew its position in shares of Nike by 10.4% in the 2nd quarter. (NYSE:NKE). Guardian Tru has 742,684 shares.

Since August 11, 2017, it had 0 buys, and 17 insider sales for $28.13 million activity. 16,000 shares were sold by RODGERS JOHNATHAN A, worth $855,206.

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