Published: Mon, January 01, 2018
Business | By Tara Barton

Global Thematic Partners LLC Lifted Its Nike INC (NKE) Stake

The institutional investor held 28,975 shares of the power generation company at the end of 2017Q3, valued at $1.50M, up from 22,325 at the end of the previous reported quarter. The institutional investor held 3.17 million shares of the consumer non-durables company at the end of 2017Q3, valued at $164.15 million, up from 3.07 million at the end of the previous reported quarter. Westpac Banking Corp who had been investing in Travelers Companies Inc for a number of months, seems to be bullish on the $37.12B market cap company.

In related news, Chairman Mark G. Parker sold 135,000 shares of the company's stock in a transaction dated Wednesday, November 1st. Harding Loevner LP now owns 12,151,210 shares of the footwear maker's stock valued at $390,421,000 after buying an additional 5,987,728 shares in the last quarter. Ralph Lauren Corporation (NYSE:RL) has declined 22.29% since December 31, 2016 and is downtrending. It has outperformed by 3.59% the S&P500. (NYSE:NKE). Kings Point Mgmt has invested 0.01% in NIKE, Inc. Poplar Forest Capital Llc sold 41,327 shares as the company's stock declined 11.61% while stock markets rallied.

Partnervest Advisory Services Llc, which manages about $418.45M and $205.20M US Long portfolio, decreased its stake in Powershares Etf Tr Ii (PHB) by 28,216 shares to 124,154 shares, valued at $2.37 million in 2017Q3, according to the filing. The stock decreased 0.64% or $0.4 during the last trading session, reaching $62.55. About 237,221 shares traded. 10,000 NIKE, Inc. (NYSE:NKE) shares with value of $620,000 were sold by Matheson Monique S. It has underperformed by 25.94% the S&P500.

Investors sentiment decreased to 0.75 in Q3 2017. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. Wellington Management Group LLP raised its position in Nike by 5.0% in the 1st quarter. Buckingham Asset Ltd Liability has 4,457 shares for 0.06% of their portfolio. Morgan Stanley invested 0.01% in Avista Corporation (NYSE:AVA). First Mercantile Tru stated it has 46,788 shares. Moreover, Delphi Mngmt Ma has 1.16% invested in Belden Inc. (NYSE:NKE). Orrstown Financial Svcs Inc invested in 13,411 shares. (NYSE:NKE) rating on Wednesday, June 29. (NYSE:V). Croft accumulated 47,136 shares. Guardian Life Insurance Of America holds 127 shares. National Pension Serv stated it has 0.33% in NIKE, Inc. 3,265 are held by Bragg. Narwhal Cap Management has 10,375 shares for 0.13% of their portfolio. State Treasurer State Of Michigan owns 1.2% invested in Visa Inc. 784.85 million shares or 1.65% more from 772.09 million shares in 2017Q2 were reported. Rhumbline Advisers holds 2.33 million shares or 0.26% of its portfolio. Boys Arnold & holds 18,764 shares.

Since September 14, 2017, it had 0 insider purchases, and 4 sales for $10.90 million activity. The insider RODGERS JOHNATHAN A sold $855,206. (NYSE:NKE) or 16,000 shares. (NYSE:NKE) on Wednesday, September 16 with "Buy" rating. Therefore 56% are positive. The stock of Avista Corporation (NYSE:AVA) has "Sell" rating given on Friday, March 18 by UBS. Finally, Instinet reaffirmed a "buy" rating and issued a $62.00 target price (up from $59.00) on shares of Nike in a research note on Wednesday, September 27th. (NYSE:SU), 12 have Buy rating, 0 Sell and 3 Hold. Brean Capital maintained the shares of RL in report on Thursday, August 11 with "Hold" rating. The stock has "Buy" rating by Sterne Agee CRT on Thursday, December 17. The firm earned "Buy" rating on Wednesday, September 27 by Stifel Nicolaus. The company was initiated on Wednesday, February 15 by Loop Capital. The firm has "Hold" rating given on Monday, October 16 by Needham.

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Analysts await Visa Inc. (NYSE:NKE) for 1.05 million shares. After $0.90 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth. It also reduced its holding in Criteo S A (NASDAQ:CRTO) by 95,665 shares in the quarter, leaving it with 483,369 shares, and cut its stake in Cbre Group Inc (NYSE:CBG).

Investors of record on Monday, December 4th will be given a dividend of $0.20 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.31%.

Marathon Asset Management LLP trimmed its holdings in shares of Nike Inc (NYSE:NKE) by 48.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission.

A number of hedge funds have recently added to or reduced their stakes in NKE. The footwear maker reported $0.46 EPS for the quarter, topping the Zacks' consensus estimate of $0.40 by $0.06. Brandywine Glob Investment Mgmt Ltd Company holds 947,972 shares or 0.31% of its portfolio. Robecosam Ag accumulated 72,760 shares. Following the sale, the chairman now owns 1,637,736 shares in the company, valued at $90,124,612.08. Montrusco Bolton Invs Incorporated reported 0.17% of its portfolio in NIKE, Inc. (NYSE:NKE). Duff And Phelps Mngmt Company has 0.01% invested in NIKE, Inc. Nike Inc has a 1 year low of $50.35 and a 1 year high of $65.18. (NYSE:NKE) for 30,133 shares. (NYSE:NKE). Leisure Capital Management owns 0.28% invested in NIKE, Inc. Moreover, Kentucky Retirement has 0.32% invested in NIKE, Inc.

Among 21 analysts covering Lockheed Martin Corporation (NYSE:LMT), 13 have Buy rating, 0 Sell and 8 Hold. Plancorp Limited Liability Co invested 0.13% of its portfolio in NIKE, Inc. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-one have given a buy rating to the company. Therefore 0 are positive. Polo Ralph Lauren Corporation had 78 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with "Hold" on Wednesday, September 28. The firm earned "Outperform" rating on Thursday, January 14 by Macquarie Research. (NYSE:NKE) has "Overweight" rating given on Wednesday, March 23 by Morgan Stanley. The company was maintained on Thursday, July 20 by BMO Capital Markets. Citigroup reiterated a "buy" rating and issued a $74.00 price objective on shares of Nike in a report on Tuesday, December 19th. The stock of Suncor Energy Inc.

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