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How Have Institutional Investors Been Trading NIKE, Inc. (NKE)?

14 January 2018

Capital Research Global Investors now owns 24,135,396 shares of the footwear maker's stock worth $1,423,988,000 after acquiring an additional 2,274,869 shares during the last quarter. Calamos Wealth Management Llc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $199.44B market cap company. The stock increased 1.26% or $1.73 during the last trading session, reaching $139.43. About 289,360 shares traded. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since January 11, 2017 and is uptrending. It has underperformed by 23.89% the S&P500.

Halsey Associates Inc increased its stake in Nike (NKE) by 11.2% based on its latest 2017Q3 regulatory filing with the SEC. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker's stock worth $5,876,718,000 after buying an additional 2,452,993 shares in the last quarter. The institutional investor held 418,707 shares of the consumer non-durables company at the end of 2017Q3, valued at $21.71M, up from 410,947 at the end of the previous reported quarter. Argentiere Capital Ag who had been investing in Nike Inc for a number of months, seems to be less bullish one the $104.39 billion market cap company. The stock increased 0.01% or $0.005 during the last trading session, reaching $64.095. 5 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

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Nike (NYSE:NKE)'s stock had its "hold" rating reiterated by research analysts at Wedbush in a research report issued on Thursday, December 14th. It has underperformed by 25.94% the S&P500.

Other hedge funds have also recently added to or reduced their stakes in the company. The footwear maker reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Looking at the stock's movement on the chart, NIKE, Inc. recorded a 52-week high of $65.18. (NYSE:NKE) for 9,645 shares. Moreover, Integral Derivatives Limited Liability has 0.07% invested in NIKE, Inc. Following the transaction, the insider now owns 165,591 shares of the company's stock, valued at approximately $10,448,792.10. Dnb Asset Mgmt As has 34,781 shares for 0.07% of their portfolio. Ontario Teachers Pension Plan Board holds 0.29% of its portfolio in NIKE, Inc.

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From another technical standpoint, NIKE, Inc. (NYSE:NKE) or 125,722 shares. Creative Planning owns 74,721 shares or 0.02% of their U.S. portfolio. Virtu stated it has 35,695 shares or 0% of all its holdings. Nike's revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts expect that Nike will post 2.25 EPS for the current fiscal year. Of those analysts, 11 rate stock as a Strong Buy, 14 rate it as Hold, and just 1 analyst rates it as a Moderate Sell. Therefore 55% are positive. Nike Inc. had 215 analyst reports since July 29, 2015 according to SRatingsIntel. Nike makes up approximately 2.1% of Sunriver Management LLC's portfolio, making the stock its 17th largest position. Finally, Morgan Stanley set a $64.00 price objective on Nike and gave the company a "buy" rating in a report on Monday, September 18th. As per Tuesday, September 20, the company rating was upgraded by Robert W. Baird. Stifel Nicolaus maintained NIKE, Inc. KeyBanc Capital Markets has "Buy" rating and $135.0 target. The rating was maintained by Piper Jaffray on Friday, June 30 with "Hold". The stock has "Outperform" rating by Credit Suisse on Wednesday, December 28. (NYSE:NKE) rating on Thursday, March 23. Deutsche Bank maintained the stock with "Buy" rating in Thursday, October 26 report. KeyBanc Capital Markets reinitiated it with "Overweight" rating and $121 target in Friday, September 8 report. The stock had a trading volume of 5,010,600 shares, compared to its average volume of 7,957,457. The current price of NIKE, Inc.is $64.09, with the 200 day simple moving average at 14.31%. State Of New Jersey Common Pension Fund D holds 0.84% or 2.88 million shares in its portfolio. It also reduced its holding in Celgene (NASDAQ:CELG) by 3,721 shares in the quarter, leaving it with 147,411 shares, and cut its stake in Apple (NASDAQ:AAPL). BlackRock Institutional Trust Company N.A. increased its stake in shares of Nike by 1.8% in the third quarter.

Investors sentiment decreased to 1.23 in Q3 2017. This represents a $0.80 annualized dividend and a yield of 1.25%. (NYSE:RHT). The Germany-based Deutsche National Bank Ag has invested 0.04% in Red Hat, Inc. Advisory Ser Network Ltd Liability Corp holds 6,342 shares or 0.04% of its portfolio. (NASDAQ:MAR) for 2,600 shares. (NYSE:IT). Ancora Advsrs Ltd Liability Corp reported 0.04% in Gartner, Inc. 21,000 were accumulated by Parametrica Mgmt Limited. Following the completion of the transaction, the chairman now directly owns 1,637,736 shares of the company's stock, valued at $90,124,612.08. $855,206 worth of NIKE, Inc. The shares were sold at an average price of $63.10, for a total transaction of $14,263,124.00. Harding Loevner Limited Partnership accumulated 12.15M shares. Quantitative Systematic Strategies Limited Liability has 3,535 shares. Manufacturers Life Ins The has 0.02% invested in Red Hat, Inc. (NYSE:IT). 122 were accumulated by Greenleaf Trust. Da Davidson & invested 0.01% in Marriott International, Inc. The firm has "Hold" rating by Cowen & Co given on Wednesday, October 11. Therefore 78% are positive. Banco Macro SA had 7 analyst reports since February 9, 2016 according to SRatingsIntel. (NYSE:RHT) rating on Monday, December 4. Barrington has "Buy" rating and $185.0 target. The stock of Gartner, Inc. As per Friday, September 23, the company rating was initiated by CapitalOne. The firm has "Buy" rating by CL King given on Tuesday, June 28. RBC Capital Markets maintained the stock with "Sector Perform" rating in Monday, April 3 report.

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