Nike Inc (NYSE:NKE) Shares Purchased by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Nike Inc (NYSE:NKE) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,868 shares of the footwear maker’s stock after purchasing an additional 545 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Nike were worth $1,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trustcore Financial Services LLC grew its stake in shares of Nike by 2.9% during the second quarter. Trustcore Financial Services LLC now owns 4,261 shares of the footwear maker’s stock valued at $358,000 after acquiring an additional 120 shares in the last quarter. Merriman Wealth Management LLC grew its stake in shares of Nike by 1.0% during the second quarter. Merriman Wealth Management LLC now owns 12,337 shares of the footwear maker’s stock valued at $1,054,000 after acquiring an additional 126 shares in the last quarter. Orrstown Financial Services Inc. grew its stake in shares of Nike by 1.1% during the third quarter. Orrstown Financial Services Inc. now owns 11,562 shares of the footwear maker’s stock valued at $977,000 after acquiring an additional 128 shares in the last quarter. First Personal Financial Services grew its stake in shares of Nike by 14.9% during the second quarter. First Personal Financial Services now owns 992 shares of the footwear maker’s stock valued at $83,000 after acquiring an additional 129 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in shares of Nike by 4.4% during the second quarter. Empirical Finance LLC now owns 3,146 shares of the footwear maker’s stock valued at $264,000 after acquiring an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 65.04% of the company’s stock.

In related news, CFO Andrew Campion sold 122,874 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $91.99, for a total transaction of $11,303,179.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark G. Parker sold 165,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $93.42, for a total transaction of $15,414,300.00. Following the transaction, the chief executive officer now owns 2,054,511 shares in the company, valued at approximately $191,932,417.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 505,579 shares of company stock worth $45,961,980. Corporate insiders own 3.80% of the company’s stock.

Shares of NKE traded up $1.40 during mid-day trading on Friday, reaching $94.40. 260,879 shares of the company’s stock traded hands, compared to its average volume of 7,122,954. The business’s 50-day moving average price is $87.83 and its 200-day moving average price is $85.32. The stock has a market capitalization of $143.76 billion, a P/E ratio of 37.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.29 and a current ratio of 2.01. Nike Inc has a 12 month low of $66.53 and a 12 month high of $94.75.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 24th. The footwear maker reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.15. The company had revenue of $10.66 billion for the quarter, compared to analysts’ expectations of $10.43 billion. Nike had a return on equity of 47.92% and a net margin of 10.81%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. Equities research analysts anticipate that Nike Inc will post 2.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.22 per share. The ex-dividend date was Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.93%. Nike’s dividend payout ratio (DPR) is presently 35.34%.

NKE has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on Nike from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Pivotal Research lifted their price target on Nike from $101.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Argus lifted their price target on Nike from $94.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. They noted that the move was a valuation call. Citigroup lifted their price target on Nike from $100.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, DZ Bank reiterated a “sell” rating on shares of Nike in a research note on Wednesday, September 25th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $95.61.

About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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