As Nike INC (NKE) Market Value Rose, Shareholder Professional Advisory Services INC Lowered Its Position by $14.83 Million

September 8, 2018 - By Vernon Prom

NIKE, Inc. (NYSE:NKE) LogoInvestors sentiment decreased to 0.65 in 2018 Q1. Its down 0.09, from 0.74 in 2017Q4. It turned negative, as 64 investors sold NKE shares while 515 reduced holdings. 100 funds opened positions while 277 raised stakes. 997.42 million shares or 1.70% less from 1.01 billion shares in 2017Q4 were reported. Mcmillion Cap Mngmt holds 64,714 shares. Aqr Cap Limited Company owns 0.05% invested in NIKE, Inc. (NYSE:NKE) for 650,588 shares. Wealth Architects Limited Liability Corp reported 3,570 shares. Tompkins Financial Corporation, New York-based fund reported 7,451 shares. Dynamic Advisor Solutions holds 13,847 shares or 0.24% of its portfolio. Us Financial Bank De accumulated 1.48 million shares. Highland Cap Mngmt Ltd Partnership accumulated 7,000 shares. Polaris Greystone Finance Limited Liability Co holds 0% of its portfolio in NIKE, Inc. (NYSE:NKE) for 891 shares. Comerica Bancorporation stated it has 0.27% of its portfolio in NIKE, Inc. (NYSE:NKE). Bragg Finance Advisors Inc holds 5,241 shares. Coldstream Capital Mngmt owns 77,308 shares. Seaward Mgmt Partnership has 0.43% invested in NIKE, Inc. (NYSE:NKE). Scotia Cap reported 148,836 shares. Oakbrook Invests Ltd Liability invested in 2.38% or 576,051 shares. Moreover, State Of Tennessee Treasury Department has 0.29% invested in NIKE, Inc. (NYSE:NKE).

Since May 16, 2018, it had 0 insider purchases, and 11 sales for $45.35 million activity. Shares for $317,006 were sold by Campion Andrew on Tuesday, July 17. The insider PARKER MARK G sold $9.86 million. SPRUNK ERIC D had sold 45,000 shares worth $3.24 million. On Thursday, June 7 the insider Matheson Monique S. sold $1.28M. Hill Elliott also sold $448,774 worth of NIKE, Inc. (NYSE:NKE) on Friday, July 27.

Professional Advisory Services Inc decreased its stake in Nike Inc. (NKE) by 96.54% based on its latest 2018Q1 regulatory filing with the SEC. Professional Advisory Services Inc sold 224,722 shares as the company’s stock rose 3.73% while stock markets declined. The institutional investor held 8,050 shares of the consumer non-durables company at the end of 2018Q1, valued at $535,000, down from 232,772 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in Nike Inc. for a number of months, seems to be less bullish one the $128.52 billion market cap company. The stock decreased 0.12% or $0.1 during the last trading session, reaching $80.3. About 6.63 million shares traded or 0.45% up from the average. NIKE, Inc. (NYSE:NKE) has risen 38.01% since September 8, 2017 and is uptrending. It has outperformed by 25.44% the S&P500.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on September, 25. They expect $0.61 EPS, up 7.02 % or $0.04 from last year’s $0.57 per share. NKE’s profit will be $976.33 million for 32.91 P/E if the $0.61 EPS becomes a reality. After $0.69 actual EPS reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -11.59 % negative EPS growth.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: 247Wallst.com which released: “Apple Rolls on as Dow’s Top-Performing Stock” on September 08, 2018, also Seekingalpha.com with their article: “Nike’s Kaepernick Campaign Could Be An Opportunity” published on September 04, 2018, Forbes.com published: “Was Nike’s Colin Kaepernick Deal Solely Responsible For The Stock’s Recent Woes?” on September 05, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: 247Wallst.com and their article: “Value of Tiger Woods Deals With Nike and Other Sponsors Soars” published on September 07, 2018 as well as Seekingalpha.com‘s news article titled: “Nike’s 12-city strategy” with publication date: September 06, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 23 analysts covering Nike (NYSE:NKE), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. Nike had 35 analyst reports since March 12, 2018 according to SRatingsIntel. Citigroup maintained NIKE, Inc. (NYSE:NKE) rating on Friday, June 29. Citigroup has “Buy” rating and $87 target. The rating was downgraded by Buckingham Research on Friday, June 22 to “Neutral”. The stock of NIKE, Inc. (NYSE:NKE) has “Neutral” rating given on Thursday, June 21 by UBS. The company was maintained on Friday, June 29 by Wedbush. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Wednesday, June 20 by Stifel Nicolaus. The company was maintained on Friday, June 29 by Cowen & Co. The rating was maintained by Canaccord Genuity with “Hold” on Friday, June 29. The stock of NIKE, Inc. (NYSE:NKE) earned “Positive” rating by Susquehanna on Monday, August 20. The stock of NIKE, Inc. (NYSE:NKE) has “Neutral” rating given on Friday, March 23 by B. Riley & Co. Jefferies maintained NIKE, Inc. (NYSE:NKE) on Friday, June 29 with “Hold” rating.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart

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