Today: First Financial Bank N.A. Trust Division Sold shares of Nike Inc. (NKE)

Today: First Financial Bank N.A. Trust Division Sold shares of Nike Inc. (NKE)

First Financial Bank N.A. Trust Division decreased its position in shares of Nike Inc. (NYSE:NKE) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,836 shares of the footwear maker’s stock after selling 1,986 shares during the period. First Financial Bank N.A. Trust Division’s holdings in Nike were worth $4,150,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Private Asset Management Inc. increased its stake in Nike by 18.9% in the second quarter. Private Asset Management Inc. now owns 11,306 shares of the footwear maker’s stock worth $624,000 after buying an additional 1,801 shares during the last quarter. Washington Trust Bank increased its stake in Nike by 14.2% in the second quarter. Washington Trust Bank now owns 12,388 shares of the footwear maker’s stock worth $684,000 after buying an additional 1,544 shares during the last quarter. NEXT Financial Group Inc increased its stake in Nike by 23.4% in the second quarter. NEXT Financial Group Inc now owns 35,231 shares of the footwear maker’s stock worth $1,944,000 after buying an additional 6,670 shares during the last quarter. Triangle Securities Wealth Management increased its stake in Nike by 10.3% in the second quarter. Triangle Securities Wealth Management now owns 8,110 shares of the footwear maker’s stock worth $448,000 after buying an additional 759 shares during the last quarter. Finally, Osborn Rohs Williams & Donohoe Ltd increased its stake in Nike by 1.3% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 159,444 shares of the footwear maker’s stock worth $8,801,000 after buying an additional 1,992 shares during the last quarter. 61.15% of the stock is currently owned by institutional investors.

Nike Inc. (NYSE:NKE) traded down 0.99% on Monday, reaching $51.01. 8,602,068 shares of the company’s stock traded hands. Nike Inc. has a 52-week low of $49.01 and a 52-week high of $68.19. The company’s 50 day moving average is $51.17 and its 200-day moving average is $54.68. The stock has a market cap of $84.95 billion, a price-to-earnings ratio of 23.02 and a beta of 0.48.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, September 27th. The footwear maker reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The firm earned $9.06 billion during the quarter. Nike had a net margin of 11.60% and a return on equity of 30.56%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 earnings per share. Equities analysts expect that Nike Inc. will post $2.37 EPS for the current year.

The firm 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 dividend of $0.18 per share. This is a boost from Nike’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, December 1st. Nike’s dividend payout ratio (DPR) is currently 28.83%.

NKE has been the subject of a number of research analyst reports. Brean Capital reiterated a “buy” rating and issued a $62.00 target price on shares of Nike in a research note on Sunday, August 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 target price on shares of Nike in a research note on Friday, August 26th. Deutsche Bank AG reiterated a “buy” rating on shares of Nike in a research note on Wednesday, August 10th. Barclays PLC set a $70.00 target price on shares of Nike and gave the company a “buy” rating in a research note on Monday, September 12th. Finally, Jefferies Group reiterated a “buy” rating on shares of Nike in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.43.

In other news, Chairman Mark G. Parker sold 150,000 shares of Nike stock in a transaction dated 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 transaction, the chairman now directly owns 1,985,225 shares in the company, valued at $98,824,500.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Lechleiter acquired 1,000 shares of Nike stock in a transaction dated Friday, September 30th. The shares were acquired at an average price of $52.72 per share, with a total value of $52,720.00. Following the completion of the acquisition, the director now directly owns 27,560 shares of the company’s stock, valued at $1,452,963.20. The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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