Pathstone Holdings LLC Sells 11,736 Shares of NIKE, Inc. (NYSE:NKE)

Pathstone Holdings LLC cut its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,590 shares of the footwear maker's stock after selling 11,736 shares during the quarter. Pathstone Holdings LLC's holdings in NIKE were worth $18,192,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its stake in NIKE by 5.5% in the second quarter. Legal & General Group Plc now owns 11,049,294 shares of the footwear maker's stock valued at $832,785,000 after purchasing an additional 571,544 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of NIKE by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,025,616 shares of the footwear maker's stock valued at $454,151,000 after buying an additional 52,500 shares during the last quarter. Longview Partners Guernsey LTD acquired a new position in NIKE during the 1st quarter worth approximately $533,533,000. Capital World Investors raised its stake in NIKE by 612.2% during the 1st quarter. Capital World Investors now owns 5,185,432 shares of the footwear maker's stock worth $487,327,000 after buying an additional 4,457,376 shares during the period. Finally, Van ECK Associates Corp increased its holdings in NIKE by 15.1% during the 3rd quarter. Van ECK Associates Corp now owns 4,885,672 shares of the footwear maker's stock worth $431,893,000 after purchasing an additional 641,398 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Trading Down 0.8 %

NKE traded down $0.58 during trading on Wednesday, hitting $73.33. The company's stock had a trading volume of 12,279,527 shares, compared to its average volume of 11,499,919. The firm has a market capitalization of $109.95 billion, a P/E ratio of 21.18, a PEG ratio of 1.86 and a beta of 1.03. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $123.39. The stock's fifty day moving average price is $80.71 and its 200-day moving average price is $82.90. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, beating 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 firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company's quarterly revenue was down 10.4% on a year-over-year basis. Analysts anticipate that NIKE, Inc. will post 2.74 EPS for the current year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, December 2nd. This is an increase from NIKE's previous quarterly dividend of $0.37. NIKE's dividend payout ratio is 42.41%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NKE shares. Bank of America dropped their target price on NIKE from $104.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, October 2nd. Guggenheim reduced their target price on NIKE from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, October 2nd. Morgan Stanley upped their price objective on NIKE from $79.00 to $82.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. TD Cowen decreased their target price on shares of NIKE from $78.00 to $73.00 and set a "hold" rating for the company in a research note on Monday. Finally, Royal Bank of Canada decreased their target price on shares of NIKE from $82.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, November 7th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.30.

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.