Nike INC Class B (NKE) Shareholder Park National Corp Trimmed Its Position by $3.12 Million as Shares Declined

November 14, 2017 - By Maria Brooks

Investors sentiment decreased to 1 in 2017 Q2. Its down 0.07, from 1.07 in 2017Q1. It dropped, as 82 investors sold NKE shares while 439 reduced holdings. 110 funds opened positions while 410 raised stakes. 994.42 million shares or 3.48% less from 1.03 billion shares in 2017Q1 were reported. Cornerstone holds 4,922 shares or 0.16% of its portfolio. Cambridge Tru has 7,135 shares for 0.03% of their portfolio. Arete Wealth Advsrs Ltd Llc invested 0.39% in Nike Inc (NYSE:NKE). 1.16 million were reported by Spf Beheer Bv. Wesbanco Bancorporation owns 226,469 shares. Seaward Management Limited Partnership holds 138,910 shares. 7,876 were reported by First Fincl Bank Of Hutchinson. Cambridge Invest Rech Inc owns 71,087 shares. Mitsubishi Ufj Tru Corp holds 0.32% or 2.82 million shares in its portfolio. Moreover, Price T Rowe Associates Md has 0.03% invested in Nike Inc (NYSE:NKE) for 3.11M shares. 23,955 are owned by Brighton Jones Llc. Ig Invest Mgmt Limited holds 0.17% of its portfolio in Nike Inc (NYSE:NKE) for 553,000 shares. Riverpark Advsrs Ltd Liability Co stated it has 48,354 shares or 0.33% of all its holdings. Walleye Trading Ltd Liability holds 0.04% or 105,532 shares in its portfolio. The Arizona-based Autus Asset Mgmt Limited Liability Company has invested 1.56% in Nike Inc (NYSE:NKE).

Since June 1, 2017, it had 0 insider buys, and 1 sale for $3.66 million activity.

Park National Corp decreased its stake in Nike Inc Class B (NKE) by 10.57% based on its latest 2017Q2 regulatory filing with the SEC. Park National Corp sold 53,775 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 454,815 shares of the consumer non-durables company at the end of 2017Q2, valued at $26.83 million, down from 508,590 at the end of the previous reported quarter. Park National Corp who had been investing in Nike Inc Class B for a number of months, seems to be less bullish one the $91.46B market cap company. The stock rose 0.30% or $0.17 reaching $56.06. About 2.85 million shares traded. Nike Inc (NYSE:NKE) has declined 9.24% since November 14, 2016 and is downtrending. It has underperformed by 25.94% the S&P500.

Investors wait Nike Inc (NYSE:NKE) to report on December, 19. its quarterly earnings Wall Street analysts expect $0.39 earnings per share, down $0.11 or 22.00 % from last year’s $0.5 same quarter earnings. This translates into $636.32 million profit for NKE giving the stock a 35.93 P/E. This is assuming the current $0.39 EPS is accurate. Nike Inc’s Wall Street analysts see -31.58 % negative EPS growth, taking into account the $0.57 EPS reproted in the previous quarter,

More notable recent Nike Inc (NYSE:NKE) news were published by: Bizjournals.com which released: “How Nike built a tax-free paradise in Bermuda, The Netherlands” on November 09, 2017, also Nasdaq.com with their article: “Nike Inc (NKE) CHAIRMAN, PRESIDENT & CEO Mark G Parker Sold $7.4 million of Shares” published on November 03, 2017, Fool.com published: “Is Nike Inc. a Buy?” on October 16, 2017. More interesting news about Nike Inc (NYSE:NKE) were released by: Seekingalpha.com and their article: “Nike Continues To Face Headwinds” published on November 14, 2017 as well as Seekingalpha.com‘s news article titled: “Did Nike Come Up With A Winning Plan?” with publication date: October 28, 2017.

Nike Inc (NYSE:NKE) Ratings Coverage

Among 44 analysts covering Nike Inc. (NYSE:NKE), 24 have Buy rating, 2 Sell and 18 Hold. Therefore 55% are positive. Nike Inc. has $156.0 highest and $42.0 lowest target. $70.21’s average target is 25.24% above currents $56.06 stock price. Nike Inc. had 194 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, June 29, the company rating was maintained by Piper Jaffray. Telsey Advisory Group upgraded it to “Outperform” rating and $122 target in Monday, August 24 report. As per Monday, December 28, the company rating was maintained by Argus Research. Jefferies maintained the shares of NKE in report on Friday, September 25 with “Buy” rating. The company was maintained on Friday, August 4 by Cowen & Co. B.riley maintained Nike Inc (NYSE:NKE) rating on Monday, September 26. B.riley has “Neutral” rating and $55 target. The stock of Nike Inc (NYSE:NKE) has “Outperform” rating given on Friday, September 25 by Credit Suisse. The company was maintained on Friday, September 22 by Cowen & Co. Piper Jaffray maintained the shares of NKE in report on Thursday, July 27 with “Buy” rating. Jefferies maintained the shares of NKE in report on Wednesday, September 27 with “Hold” rating.

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