Columbia Trust Co 01012016 Reduces Stock Holdings in NIKE, Inc. (NYSE:NKE)

Columbia Trust Co 01012016 lowered its position in NIKE, Inc. (NYSE:NKE) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,345 shares of the footwear maker’s stock after selling 200 shares during the quarter. NIKE accounts for approximately 0.9% of Columbia Trust Co 01012016’s holdings, making the stock its 27th biggest holding. Columbia Trust Co 01012016’s holdings in NIKE were worth $1,648,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FFT Wealth Management LLC purchased a new position in shares of NIKE in the second quarter valued at $26,000. Okabena Investment Services Inc. acquired a new stake in shares of NIKE during the second quarter valued at $38,000. Princeton Global Asset Management LLC boosted its stake in shares of NIKE by 39.8% during the second quarter. Princeton Global Asset Management LLC now owns 246 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 70 shares during the last quarter. Rockbridge Investment Management LCC boosted its stake in shares of NIKE by 43.9% during the second quarter. Rockbridge Investment Management LCC now owns 246 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 75 shares during the last quarter. Finally, Financial Insights Inc. acquired a new stake in shares of NIKE during the second quarter valued at $38,000. Institutional investors and hedge funds own 64.38% of the company’s stock.

NKE stock opened at $172.03 on Thursday. The company has a market capitalization of $272.29 billion, a PE ratio of 45.63, a P/E/G ratio of 3.22 and a beta of 0.93. The stock’s 50 day moving average is $161.13 and its two-hundred day moving average is $155.92. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.66. NIKE, Inc. has a 52-week low of $125.44 and a 52-week high of $179.10.

NIKE (NYSE:NKE) last issued its earnings results on Wednesday, September 22nd. The footwear maker reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.47 billion. NIKE had a return on equity of 48.98% and a net margin of 13.17%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. As a group, sell-side analysts anticipate that NIKE, Inc. will post 3.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 28th. Stockholders of record on Monday, December 6th will be given a $0.305 dividend. This is a positive change from NIKE’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, December 3rd. This represents a $1.22 annualized dividend and a dividend yield of 0.71%. NIKE’s dividend payout ratio (DPR) is presently 29.18%.

In related news, Chairman Mark G. Parker sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 13th. The stock was sold at an average price of $154.99, for a total transaction of $15,499,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Hilary K. Krane sold 10,750 shares of the business’s stock in a transaction that occurred on Friday, October 15th. The shares were sold at an average price of $157.80, for a total value of $1,696,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 247,589 shares of company stock valued at $40,048,835. Insiders own 3.70% of the company’s stock.

A number of analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $213.00 price objective on shares of NIKE in a research note on Friday, September 17th. Morgan Stanley decreased their price objective on NIKE from $221.00 to $201.00 and set an “overweight” rating on the stock in a research note on Friday, September 24th. Jefferies Financial Group set a $200.00 price objective on NIKE and gave the company a “buy” rating in a research note on Friday, September 24th. Zacks Investment Research lowered NIKE from a “buy” rating to a “hold” rating and set a $164.00 price target on the stock. in a research note on Tuesday, September 21st. Finally, UBS Group reissued a “buy” rating and issued a $185.00 price target on shares of NIKE in a research note on Friday, September 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $174.94.

NIKE Company Profile

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate.

Read More: What are earnings reports?

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE).

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.