Guinness Atkinson Asset Management Inc Sells 940 Shares of NIKE, Inc. (NYSE:NKE)

Guinness Atkinson Asset Management Inc lessened its position in shares of NIKE, Inc. (NYSE:NKEGet Rating) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,816 shares of the footwear maker’s stock after selling 940 shares during the period. NIKE makes up about 3.0% of Guinness Atkinson Asset Management Inc’s portfolio, making the stock its 18th largest holding. Guinness Atkinson Asset Management Inc’s holdings in NIKE were worth $6,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of NIKE by 0.3% during the 4th quarter. BlackRock Inc. now owns 89,964,963 shares of the footwear maker’s stock worth $14,994,459,000 after acquiring an additional 298,848 shares during the period. State Street Corp lifted its holdings in shares of NIKE by 3.6% during the 4th quarter. State Street Corp now owns 56,598,375 shares of the footwear maker’s stock worth $9,433,251,000 after acquiring an additional 1,969,270 shares during the period. Geode Capital Management LLC lifted its stake in NIKE by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 21,444,116 shares of the footwear maker’s stock valued at $3,564,786,000 after purchasing an additional 601,940 shares during the last quarter. Jennison Associates LLC lifted its stake in NIKE by 14.6% in the 4th quarter. Jennison Associates LLC now owns 15,307,214 shares of the footwear maker’s stock valued at $2,551,253,000 after purchasing an additional 1,944,401 shares during the last quarter. Finally, Norges Bank bought a new position in NIKE in the 4th quarter valued at approximately $1,894,686,000. 65.35% of the stock is owned by institutional investors.

Shares of NIKE stock opened at $104.92 on Thursday. The company has a current ratio of 3.06, a quick ratio of 2.18 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $117.72 and its two-hundred day simple moving average is $135.48. The company has a market cap of $165.12 billion, a P/E ratio of 27.68, a PEG ratio of 1.74 and a beta of 0.96. NIKE, Inc. has a 12-month low of $103.46 and a 12-month high of $179.10.

NIKE (NYSE:NKEGet Rating) last released its earnings results on Monday, March 21st. The footwear maker reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. The firm had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.61 billion. NIKE had a net margin of 13.06% and a return on equity of 43.04%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. Analysts predict that NIKE, Inc. will post 3.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Monday, June 6th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, June 3rd. NIKE’s dividend payout ratio is presently 32.19%.

Several brokerages recently commented on NKE. StockNews.com began coverage on shares of NIKE in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Telsey Advisory Group dropped their price objective on shares of NIKE from $170.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday. Citigroup dropped their price objective on shares of NIKE from $157.00 to $123.00 and set a “neutral” rating for the company in a research note on Wednesday. Seaport Res Ptn cut shares of NIKE from a “buy” rating to a “neutral” rating in a research report on Wednesday. Finally, Morgan Stanley restated an “overweight” rating and issued a $159.00 price target on shares of NIKE in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.96.

In related news, CFO Matthew Friend sold 9,032 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $110.52, for a total value of $998,216.64. Following the transaction, the chief financial officer now owns 51,581 shares in the company, valued at approximately $5,700,732.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Andrew Campion sold 14,203 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $120.61, for a total transaction of $1,713,023.83. Following the completion of the transaction, the chief operating officer now owns 73,795 shares in the company, valued at approximately $8,900,414.95. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

NIKE Company Profile (Get Rating)

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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other 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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