MUFG Securities EMEA plc Acquires 76,700 Shares of Nike (NKE)

MUFG Securities EMEA plc raised its stake in shares of Nike (NYSE:NKE) by 63.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 196,700 shares of the footwear maker’s stock after purchasing an additional 76,700 shares during the period. MUFG Securities EMEA plc’s holdings in Nike were worth $12,304,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Boys Arnold & Co. Inc. lifted its position in Nike by 1.8% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 22,261 shares of the footwear maker’s stock valued at $1,313,000 after acquiring an additional 383 shares in the last quarter. Airain ltd bought a new position in Nike in the 2nd quarter valued at about $3,189,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Nike by 15.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 311,645 shares of the footwear maker’s stock valued at $18,387,000 after acquiring an additional 42,388 shares in the last quarter. Windsor Capital Management LLC lifted its position in Nike by 55.9% in the 2nd quarter. Windsor Capital Management LLC now owns 8,120 shares of the footwear maker’s stock valued at $479,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Nike by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 30,447 shares of the footwear maker’s stock valued at $1,796,000 after acquiring an additional 2,349 shares in the last quarter. 65.76% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

NKE has been the topic of several recent research reports. HSBC cut shares of Nike from a “buy” rating to a “hold” rating and raised their price target for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. OTR Global raised shares of Nike to a “positive” rating in a research report on Monday, December 11th. Susquehanna Bancshares reissued a “hold” rating and set a $57.00 target price on shares of Nike in a research report on Wednesday, December 13th. Vetr cut shares of Nike from a “hold” rating to a “sell” rating and set a $59.88 target price on the stock. in a research report on Thursday, December 14th. Finally, DA Davidson set a $68.00 price target on shares of Nike and gave the stock a “buy” rating in a report on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.10.

In related news, insider Eric D. Sprunk sold 100,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $67.66, for a total transaction of $6,766,000.00. Following the transaction, the insider now owns 227,199 shares in the company, valued at $15,372,284.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $65.00, for a total transaction of $8,775,000.00. Following the transaction, the chairman now owns 1,502,830 shares in the company, valued at approximately $97,683,950. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,047,802 shares of company stock worth $67,768,107. Corporate insiders own 3.90% of the company’s stock.

Shares of Nike (NYSE:NKE) opened at $65.91 on Friday. The firm has a market cap of $108,012.48, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $70.25.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Nike had a net margin of 11.13% and a return on equity of 31.64%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. equities analysts expect that Nike will post 2.26 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s payout ratio is 34.63%.

TRADEMARK VIOLATION NOTICE: “MUFG Securities EMEA plc Acquires 76,700 Shares of Nike (NKE)” was first published by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://baseballnewssource.com/2018/03/18/mufg-securities-emea-plc-grows-holdings-in-nike-inc-nke/1911074.html.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, men's training, women's training, action sports, sportswear, and golf.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL
Ohtani Goes Deep in Third Straight Game for Angels
Ohtani Goes Deep in Third Straight Game for Angels


Leave a Reply

 
© 2006-2018 BBNS.