Heritage Oak Wealth Advisors LLC Invests $351,000 in NIKE, Inc. (NYSE:NKE)

Heritage Oak Wealth Advisors LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,652 shares of the footwear maker’s stock, valued at approximately $351,000.

Several other institutional investors have also bought and sold shares of the stock. Kampmann Melissa S. grew its stake in shares of NIKE by 0.8% during the 4th quarter. Kampmann Melissa S. now owns 15,050 shares of the footwear maker’s stock worth $1,634,000 after acquiring an additional 115 shares during the period. Ascent Wealth Partners LLC raised its holdings in shares of NIKE by 0.4% in the 1st quarter. Ascent Wealth Partners LLC now owns 28,513 shares of the footwear maker’s stock valued at $2,680,000 after acquiring an additional 115 shares in the last quarter. Condor Capital Management raised its holdings in shares of NIKE by 0.4% during the 1st quarter. Condor Capital Management now owns 26,079 shares of the footwear maker’s stock valued at $2,451,000 after buying an additional 116 shares in the last quarter. Bell Investment Advisors Inc raised its holdings in shares of NIKE by 4.7% during the 4th quarter. Bell Investment Advisors Inc now owns 2,610 shares of the footwear maker’s stock valued at $283,000 after buying an additional 118 shares in the last quarter. Finally, Lodestone Wealth Management LLC grew its position in NIKE by 5.5% during the 1st quarter. Lodestone Wealth Management LLC now owns 2,248 shares of the footwear maker’s stock worth $211,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $100.00 price objective on shares of NIKE in a research note on Friday, September 20th. Barclays boosted their price target on NIKE from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 18th. Robert W. Baird lifted their price objective on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, Williams Trading raised NIKE from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $67.00 to $93.00 in a report on Friday, August 16th. Fifteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target of $96.70.

Insider Activity

In other news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the transaction, the chairman now owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

NIKE Stock Down 1.2 %

Shares of NYSE NKE opened at $88.37 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $133.37 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.30 and a beta of 1.02. The stock’s fifty day simple moving average is $79.94 and its two-hundred day simple moving average is $86.49. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a yield of 1.67%. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.