Presilium Private Wealth LLC Has $637,000 Holdings in NIKE, Inc. $NKE

Presilium Private Wealth LLC grew its stake in NIKE, Inc. (NYSE:NKE) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,960 shares of the footwear maker’s stock after buying an additional 260 shares during the period. Presilium Private Wealth LLC’s holdings in NIKE were worth $637,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NKE. Caldwell Sutter Capital Inc. raised its position in shares of NIKE by 6.3% in the second quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock valued at $170,000 after buying an additional 142 shares in the last quarter. Westmount Partners LLC raised its position in NIKE by 2.9% during the second quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock valued at $367,000 after purchasing an additional 146 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of NIKE by 0.3% during the second quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock worth $3,695,000 after buying an additional 147 shares during the last quarter. Matrix Trust Co grew its stake in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares during the last quarter. Finally, Summit Financial Strategies Inc. grew its stake in shares of NIKE by 3.8% during the second quarter. Summit Financial Strategies Inc. now owns 4,270 shares of the footwear maker’s stock worth $303,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

NIKE stock opened at $65.25 on Monday. The stock has a market cap of $96.45 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 2.38 and a beta of 1.29. The firm’s fifty day moving average price is $73.80 and its 200-day moving average price is $67.30. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $84.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the company earned $0.70 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.5%. NIKE’s payout ratio is 82.05%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NKE. Cowen raised shares of NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, September 10th. Barclays set a $70.00 price objective on shares of NIKE and gave the company a “positive” rating in a report on Wednesday, October 1st. DZ Bank upgraded shares of NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. UBS Group set a $71.00 target price on shares of NIKE and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of NIKE in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.57.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 200,378 shares of company stock valued at $14,794,264 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

NIKE 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.