Nike Inc (NKE) Shares Bought by First Hawaiian Bank

First Hawaiian Bank increased its position in Nike Inc (NYSE:NKE) by 71.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,143 shares of the footwear maker’s stock after purchasing an additional 13,380 shares during the period. First Hawaiian Bank’s holdings in Nike were worth $2,383,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Nike by 1.2% during the third quarter. Vanguard Group Inc. now owns 102,670,288 shares of the footwear maker’s stock valued at $8,698,227,000 after purchasing an additional 1,207,986 shares during the period. Vanguard Group Inc raised its position in Nike by 1.2% during the third quarter. Vanguard Group Inc now owns 102,670,288 shares of the footwear maker’s stock valued at $8,698,227,000 after purchasing an additional 1,207,986 shares during the period. BlackRock Inc. raised its position in Nike by 1.2% during the third quarter. BlackRock Inc. now owns 82,676,038 shares of the footwear maker’s stock valued at $7,004,317,000 after purchasing an additional 966,541 shares during the period. Capital Research Global Investors raised its position in Nike by 0.7% during the third quarter. Capital Research Global Investors now owns 54,349,821 shares of the footwear maker’s stock valued at $4,604,517,000 after purchasing an additional 354,981 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Nike by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 27,940,846 shares of the footwear maker’s stock valued at $2,226,327,000 after purchasing an additional 1,273,548 shares during the period. Institutional investors own 63.99% of the company’s stock.

Shares of NYSE:NKE opened at $76.04 on Friday. Nike Inc has a 52-week low of $62.09 and a 52-week high of $86.04. The company has a market capitalization of $121.63 billion, a P/E ratio of 31.42, a PEG ratio of 2.37 and a beta of 0.69. The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 20th. The footwear maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. Nike had a return on equity of 44.85% and a net margin of 5.66%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Nike’s revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts predict that Nike Inc will post 2.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 30th. This represents a $0.88 annualized dividend and a yield of 1.16%. This is a boost from Nike’s previous quarterly dividend of $0.20. Nike’s dividend payout ratio is 36.36%.

A number of equities research analysts have issued reports on NKE shares. Goldman Sachs Group set a $83.00 price objective on Nike and gave the company a “neutral” rating in a research report on Wednesday, September 26th. JPMorgan Chase & Co. increased their price target on Nike to $87.06 and gave the stock a “neutral” rating in a report on Friday, December 21st. Guggenheim increased their price target on Nike to $100.00 and gave the stock a “buy” rating in a report on Thursday, September 20th. Macquarie set a $98.00 price target on Nike and gave the stock a “buy” rating in a report on Tuesday, November 20th. Finally, Citigroup increased their price target on Nike from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $83.14.

In other Nike news, EVP John F. Slusher sold 200,000 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total transaction of $14,810,000.00. Following the sale, the executive vice president now owns 284,805 shares of the company’s stock, valued at approximately $21,089,810.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $73.68, for a total value of $11,052,000.00. Following the sale, the chairman now directly owns 1,687,863 shares in the company, valued at approximately $124,361,745.84. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Nike Inc (NKE) Shares Bought by First Hawaiian Bank” was published by WKRB News and is owned by of WKRB News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.wkrb13.com/2019/01/12/nike-inc-nke-shares-bought-by-first-hawaiian-bank.html.

Nike Profile

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: 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, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Read More: Understanding Relative Strength Index

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.

Leave a Reply