Nike Inc (NKE) Shares Sold by ACG Wealth

Lloyd Doyle
March 14, 2018

Covington Capital Management sold 82,577 shares as the company's stock declined 8.78% while stock markets rallied. The institutional investor held 629,105 shares of the company at the end of 2017Q3, valued at $11.51 million, down from 656,305 at the end of the previous reported quarter.

Nike (NYSE:NKE) traded up $0.52 during trading on Monday, reaching $66.82. About 5.14 million shares traded.

Investors sold shares of Nike Inc (NYSE:NKE) on strength during trading hours on Monday. It has underperformed by 16.03% the S&P500.

1607 Capital Partners Llc decreased its stake in Morgan Stanley Trusts (ICB) by 4.14% based on its latest 2017Q3 regulatory filing with the SEC. 1St Source Bank bought 1,727 shares as the company's stock rose 4.66% with the market. Adr for a number of months, seems to be less bullish one the $33.28B market cap company. About 146,693 shares traded. Zions Bancorporation - Warrants (NASDAQ:ZIONW) has 0.00% since March 13, 2017 and is. It has outperformed by 45.79% the S&P500.

For the current quarter, 30 analysts are projecting a mean EPS of $0.53/share. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have given a buy rating to the company. Therefore 57% are positive. Nike Inc. had 223 analyst reports since July 29, 2015 according to SRatingsIntel. (NYSE:NKE) rating on Wednesday, June 1. Credit Suisse maintained NIKE, Inc. Oppenheimer maintained it with "Buy" rating and $18000 target in Friday, August 4 report. Goldman Sachs Group set a $59.00 price objective on Nike and gave the company a "neutral" rating in a research report on Thursday, December 14th. Nike accounts for about 1.1% of Trillium Asset Management LLC's portfolio, making the stock its 26th largest position. Canaccord Genuity maintained the shares of ROIC in report on Tuesday, March 15 with "Buy" rating. The stock has "Buy" rating by Deutsche Bank on Friday, June 30. (NYSE:ANET) earned "Hold" rating by Stifel Nicolaus on Monday, April 3. On Friday, July 14 the stock rating was maintained by Susquehanna with "Buy". The firm has "Hold" rating by Canaccord Genuity given on Tuesday, September 22.

Since February 8, 2018, it had 0 insider purchases, and 1 insider sale for $12.17 million activity. Shares for $620,000 were sold by Matheson Monique S. 135,000 NIKE, Inc. (NYSE:NKE) shares with value of $9.45M were sold by PARKER MARK G. (NYSE:NKE) that has shown a discernible change in trend levels over the path of recent market activity. The insider RODGERS JOHNATHAN A sold $855,206.

Analysts await NIKE, Inc.


NKE has been the subject of several research reports. During the same period a year ago, the business posted $0.50 earnings per share. NKE's profit will be $878.55 million for 30.98 P/E if the $0.54 EPS becomes a reality. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06.

Investors sentiment decreased to 0.8 in 2017 Q3. Its up 0.79, from 0.88 in 2017Q2. The stock price has recently touched $2173.13 which has caused investors to take a second look at company shares. 4 funds opened positions while 6 raised stakes. The SI to Magal Security Systems LTD. - Ordinary Shares's float is 0.92%. (NYSE:NKE). Gam Hldgs Ag invested in 0.26% or 118,000 shares. Edge Wealth Mgmt Limited Liability Company reported 715 shares. Lombard Odier Asset Mngmt (Switzerland) Sa has invested 0.04% in NIKE, Inc. Blb&B Advsr Ltd Liability, Pennsylvania-based fund reported 24,861 shares. Hamel Associates reported 6,652 shares. M&T Savings Bank owns 0.15% invested in NIKE, Inc. (NYSE:NKE). Perkins Coie Tru has invested 0.04% of its portfolio in NIKE, Inc. Stifel Financial Corp now owns 1,319,016 shares of the footwear maker's stock valued at $68,428,000 after purchasing an additional 49,251 shares in the last quarter. Renaissance Limited Co holds 0% of its portfolio in Roper Technologies, Inc. (NYSE:NKE). Oregon Pub Employees Retirement Fund reported 360,728 shares. Century, a Missouri-based fund reported 2.73M shares. Zwj Inv Counsel Inc owns 0.03% invested in NIKE, Inc.

Douglass Winthrop Advisors Llc, which manages about $1.72 billion US Long portfolio, decreased its stake in 21St Cent Fox Class A (NASDAQ:FOXA) by 21,147 shares to 11,488 shares, valued at $303,000 in 2017Q3, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 14,513 shares in the quarter, for a total of 392,028 shares, and has risen its stake in Raytheon Co (NYSE:RTN).

Among 7 analysts covering TriNet Group Inc (NYSE:TNET), 1 have Buy rating, 3 Sell and 3 Hold. Citigroup maintained the shares of ROIC in report on Wednesday, February 28 with "Neutral" rating. The stock has a market capitalization of $107,866.05, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. Zacks upgraded Praxair, Inc. J.P. Morgan downgraded the stock to "Sell" rating in Thursday, August 17 report. The company was maintained on Friday, November 3 by Morgan Stanley. (NYSE:NKE) on Friday, December 22 with "Hold" rating. The stock of Arista Networks, Inc.

Investors sentiment increased to 1.28 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. Karpus Mgmt Incorporated has invested 2.07% in MS Income Securities, Inc. 165 funds opened positions while 367 raised stakes. They expect $0.03 EPS, 0.00% or $0.00 from last year's $0.03 per share. Icon Advisers has invested 0.62% in MS Income Securities, Inc. Lpl Fincl Limited Com holds 208,045 shares or 0.04% of its portfolio. Atalanta Sosnoff Cap Lc stated it has 0.97% of its portfolio in Roper Technologies, Inc. (NYSE:NKE). Telemus Llc invested in 0.28% or 34,276 shares. Marco Investment Management Ltd Llc reported 0.09% stake. Logan Capital Mgmt invested in 128,135 shares or 0.47% of the stock. Banque Pictet & Cie holds 3.18% or 2.70 million shares in its portfolio. Mutual Ins Federation Of Agricultural Cooperatives reported 8,900 shares. Amp owns 433,317 shares or 0.13% of their USA portfolio. X Mngmt Com Ltd Liability Com has invested 0.03% in NIKE, Inc.

Creative Planning holds 74,721 shares.

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