Hudson Valley Investment Advisors Inc. ADV Boosts Stock Holdings in NIKE, Inc. (NYSE:NKE)

Hudson Valley Investment Advisors Inc. ADV boosted its position in NIKE, Inc. (NYSE:NKE) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,299 shares of the footwear maker’s stock after purchasing an additional 1,356 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in NIKE were worth $625,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of NIKE by 0.5% during the first quarter. Vanguard Group Inc. now owns 110,044,821 shares of the footwear maker’s stock worth $10,342,012,000 after acquiring an additional 501,792 shares in the last quarter. Capital International Investors lifted its position in shares of NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after acquiring an additional 7,143,775 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of NIKE by 87.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock worth $1,860,395,000 after acquiring an additional 7,996,434 shares in the last quarter. Norges Bank purchased a new stake in shares of NIKE during the fourth quarter worth $1,315,097,000. Finally, Fisher Asset Management LLC lifted its position in shares of NIKE by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock worth $1,073,515,000 after acquiring an additional 219,091 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the sale, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the sale, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. In the last three months, insiders sold 323,660 shares of company stock worth $27,973,033. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Jefferies Financial Group dropped their target price on NIKE from $90.00 to $80.00 in a research report on Friday, July 12th. BMO Capital Markets lowered their price objective on NIKE from $118.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $88.00 price objective (down previously from $117.00) on shares of NIKE in a research report on Friday, June 28th. Telsey Advisory Group lowered their price objective on NIKE from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $79.00 price objective (down previously from $114.00) on shares of NIKE in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.30.

NIKE Stock Down 3.5 %

Shares of NYSE:NKE traded down $2.58 during trading hours on Monday, reaching $71.43. The stock had a trading volume of 13,168,916 shares, compared to its average volume of 11,461,178. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39. The firm’s 50 day moving average is $83.71 and its 200-day moving average is $92.57. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The stock has a market capitalization of $107.81 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.92 and a beta of 1.01.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The firm had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.86 billion. During the same quarter in the prior year, the business earned $0.66 EPS. NIKE’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts predict that NIKE, Inc. will post 3.12 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a yield of 2.07%. NIKE’s dividend payout ratio (DPR) is currently 39.68%.

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.