As Nike INC Cl B (NKE) Shares Rose, Capital World Investors Has Lifted Stake

April 25, 2018 - By Peter Erickson

NIKE, Inc. (NYSE:NKE) LogoInvestors sentiment decreased to 0.74 in Q4 2017. Its down 0.06, from 0.8 in 2017Q3. It is negative, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Cubist Systematic Strategies Limited Liability Corporation invested 0.15% of its portfolio in NIKE, Inc. (NYSE:NKE). Jones Lllp stated it has 3,394 shares or 0% of all its holdings. Prelude Capital Mgmt Limited Liability holds 0.01% or 2,954 shares in its portfolio. Moreover, Commonwealth Of Pennsylvania Public School Empls Retrmt has 0.1% invested in NIKE, Inc. (NYSE:NKE) for 117,530 shares. Mckinley Carter Wealth owns 8,010 shares for 0.17% of their portfolio. Martingale Asset Management LP holds 0.01% or 13,937 shares in its portfolio. 23,960 were reported by Condor Mngmt. Logan Mgmt, a Pennsylvania-based fund reported 125,031 shares. Thematic Ptnrs Ltd Company holds 1.87M shares or 3.86% of its portfolio. Provise Management Gp holds 5,097 shares. Adell Harriman And Carpenter Incorporated owns 0.14% invested in NIKE, Inc. (NYSE:NKE) for 10,640 shares. Pictet Asset Mngmt Ltd invested 0.26% of its portfolio in NIKE, Inc. (NYSE:NKE). Kempen Cap Mgmt Nv stated it has 0.32% of its portfolio in NIKE, Inc. (NYSE:NKE). Gillespie Robinson Grimm, a Connecticut-based fund reported 444,740 shares. Newman Dignan & Sheerar Inc accumulated 0.21% or 6,720 shares.

Since December 11, 2017, it had 0 buys, and 8 insider sales for $45.81 million activity. $8.78M worth of NIKE, Inc. (NYSE:NKE) shares were sold by PARKER MARK G. Another trade for 100,000 shares valued at $6.85 million was made by EDWARDS TREVOR A on Wednesday, January 31. Shares for $6.77 million were sold by SPRUNK ERIC D. Slusher John F sold $4.75 million worth of stock or 74,278 shares.

Capital World Investors increased its stake in Nike Inc Cl B (NKE) by 160.49% based on its latest 2017Q4 regulatory filing with the SEC. Capital World Investors bought 39.83 million shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 64.65M shares of the consumer non-durables company at the end of 2017Q4, valued at $4.04 billion, up from 24.82 million at the end of the previous reported quarter. Capital World Investors who had been investing in Nike Inc Cl B for a number of months, seems to be bullish on the $107.44B market cap company. The stock decreased 0.46% or $0.31 during the last trading session, reaching $66.66. About 4.33 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 25, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Capital World Investors, which manages about $461.25 billion US Long portfolio, decreased its stake in Prologis Inc (Reit) (NYSE:PLD) by 340,000 shares to 7.13M shares, valued at $459.63 million in 2017Q4, according to the filing. It also reduced its holding in Costco Wholesale Corp (NASDAQ:COST) by 18,961 shares in the quarter, leaving it with 8.61M shares, and cut its stake in Atandt Inc (NYSE:T).

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 22 analysts covering Nike (NYSE:NKE), 14 have Buy rating, 1 Sell and 7 Hold. Therefore 64% are positive. Nike had 41 analyst reports since October 26, 2017 according to SRatingsIntel. As per Monday, December 18, the company rating was maintained by Buckingham Research. Wedbush upgraded the shares of NKE in report on Friday, January 19 to “Outperform” rating. The rating was maintained by Cowen & Co with “Hold” on Thursday, December 7. Macquarie Research maintained the stock with “Buy” rating in Thursday, January 11 report. The firm has “Buy” rating by Robert W. Baird given on Thursday, November 16. The firm earned “Hold” rating on Thursday, October 26 by Cowen & Co. Guggenheim maintained NIKE, Inc. (NYSE:NKE) rating on Thursday, December 14. Guggenheim has “Buy” rating and $70.0 target. The firm has “Hold” rating given on Tuesday, December 19 by Canaccord Genuity. Citigroup maintained the shares of NKE in report on Tuesday, December 19 with “Buy” rating. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Thursday, December 21 by Robert W. Baird.

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

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