Markel Corp Raises Holdings in Nike Inc (NKE)

Markel Corp boosted its holdings in shares of Nike Inc (NYSE:NKE) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 366,000 shares of the footwear maker’s stock after purchasing an additional 5,000 shares during the period. Markel Corp’s holdings in Nike were worth $18,977,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Asset Planning Services Ltd. grew its position in Nike by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock worth $126,000 after purchasing an additional 7 shares during the last quarter. Atlantic Trust LLC purchased a new position in Nike during the 2nd quarter worth $136,000. Kistler Tiffany Companies LLC grew its position in Nike by 91.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock worth $149,000 after purchasing an additional 1,209 shares during the last quarter. Howe & Rusling Inc. boosted its holdings in shares of Nike by 751.3% in the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after acquiring an additional 2,329 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Nike by 7.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after acquiring an additional 201 shares in the last quarter. 62.56% of the stock is currently owned by institutional investors.

Nike Inc (NYSE:NKE) opened at $64.81 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.81. The firm has a market cap of $105,689.83, a P/E ratio of 27.57, a PEG ratio of 3.03 and a beta of 0.64. Nike Inc has a 52-week low of $50.35 and a 52-week high of $65.08.

Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. analysts forecast that Nike Inc will post 2.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, December 1st. This is a positive change from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is currently 34.04%.

Several analysts have recently weighed in on the stock. Citigroup reaffirmed an “in-line” rating and issued a $74.00 target price on shares of Nike in a report on Tuesday. Buckingham Research lifted their target price on shares of Nike from $64.00 to $71.00 and gave the company a “buy” rating in a report on Monday. Telsey Advisory Group lifted their target price on shares of Nike from $61.00 to $68.00 and gave the company an “outperform” rating in a report on Monday. Stifel Nicolaus set a $74.00 target price on shares of Nike and gave the company a “buy” rating in a report on Friday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $70.00 target price on shares of Nike in a report on Friday. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.27.

In other news, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the transaction, the executive vice president now owns 23,248 shares of the company’s stock, valued at $1,441,376. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 135,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the completion of the transaction, the chairman now directly owns 1,637,736 shares of the company’s stock, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

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About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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