Today, TD Asset Management Inc. Reached $62,603,000 position of Nike Inc. (NKE)

Today, TD Asset Management Inc. Reached $62,603,000 position  of Nike Inc. (NKE)
TD Asset Management Inc. reduced its position in shares of Nike Inc. (NYSE:NKE) by 19.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,189,029 shares of the footwear maker’s stock after selling 294,551 shares during the period. TD Asset Management Inc. owned approximately 0.07% of Nike worth $62,603,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First National Trust Co. raised its stake in Nike by 5.7% in the third quarter. First National Trust Co. now owns 31,912 shares of the footwear maker’s stock worth $1,680,000 after buying an additional 1,729 shares during the period. Texan Capital Management raised its stake in Nike by 0.7% in the third quarter. Texan Capital Management now owns 35,952 shares of the footwear maker’s stock worth $1,893,000 after buying an additional 265 shares during the period. Alps Advisors Inc. raised its stake in Nike by 0.8% in the third quarter. Alps Advisors Inc. now owns 9,527 shares of the footwear maker’s stock worth $502,000 after buying an additional 76 shares during the period. Carderock Capital Management Inc. raised its stake in Nike by 3.1% in the third quarter. Carderock Capital Management Inc. now owns 79,945 shares of the footwear maker’s stock worth $4,209,000 after buying an additional 2,380 shares during the period. Finally, State Treasurer State of Michigan raised its stake in Nike by 1.7% in the third quarter. State Treasurer State of Michigan now owns 470,564 shares of the footwear maker’s stock worth $24,775,000 after buying an additional 8,000 shares during the period. Institutional investors and hedge funds own 62.90% of the company’s stock.

Nike Inc. (NYSE:NKE) traded up 0.35% during mid-day trading on Friday, reaching $51.52. 2,736,767 shares of the company’s stock traded hands. The company has a 50-day moving average of $51.21 and a 200-day moving average of $54.73. Nike Inc. has a 52-week low of $49.01 and a 52-week high of $68.19. The company has a market capitalization of $85.80 billion, a price-to-earnings ratio of 23.25 and a beta of 0.48.

Nike (NYSE:NKE) last posted its earnings results on Tuesday, September 27th. The footwear maker reported $0.73 EPS for the quarter, topping the consensus estimate of $0.56 by $0.17. Nike had a net margin of 11.60% and a return on equity of 30.56%. The firm earned $9.06 billion during the quarter. During the same quarter last year, the company posted $1.34 EPS. Nike’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts expect that Nike Inc. will post $2.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Monday, December 5th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Nike’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.40%. Nike’s dividend payout ratio (DPR) is 28.83%.

A number of equities research analysts have recently issued reports on the company. Vetr lowered Nike from a “strong-buy” rating to a “buy” rating and set a $55.62 price target for the company. in a research report on Wednesday, November 16th. Credit Suisse Group AG set a $60.00 price objective on Nike and gave the stock a “buy” rating in a research report on Friday, November 11th. Barclays PLC reiterated an “overweight” rating and issued a $65.00 price objective on shares of Nike in a research report on Friday, November 11th. Brean Capital reiterated a “hold” rating on shares of Nike in a research report on Wednesday, November 9th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $53.00 price objective on shares of Nike in a research report on Friday, November 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Nike presently has an average rating of “Buy” and an average price target of $63.43.

In other news, Director John C. Lechleiter purchased 1,000 shares of Nike stock in a transaction that occurred on Friday, September 30th. The stock was acquired at an average price of $52.72 per share, for a total transaction of $52,720.00. Following the transaction, the director now owns 27,560 shares in the company, valued at $1,452,963.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $49.78, for a total transaction of $7,467,000.00. Following the completion of the sale, the chairman now owns 1,985,225 shares of the company’s stock, valued at approximately $98,824,500.50. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

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