Nike INC (NKE) Shares Rose While Eaton Vance Management Decreased Stake by $3.73 Million

June 27, 2018 - By Damon Whitfield

NIKE, Inc. (NYSE:NKE) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.65. That’s change of 0.09, from 2017Q4’s 0.74. 64 investors sold all, 515 reduced holdings as NKE ratio dropped. 277 grew holdings while 100 funds amassed holdings. Funds hold 997.42 million shares thus 1.70% less from 2017Q4’s 1.01 billion shares. Brighton Jones Limited owns 32,369 shs for 0.3% of their capital. Sol Mngmt invested in 0.22% or 11,541 shs. Twin Tree Management Limited Partnership reported 0.02% in NIKE, Inc. (NYSE:NKE). Stratos Wealth Prns Ltd invested in 0.14% or 51,806 shs. Assetmark owns 0% invested in NIKE, Inc. (NYSE:NKE) for 3,509 shs. Nelson Van Denburg And Campbell Wealth Mgmt Grp Inc Ltd Co stated it has 24,094 shs or 0.36% of all its holdings. Schmidt P J Inv Management stated it has 45,372 shs or 0.88% of all its holdings. Asset Management invested in 15,657 shs. Greenleaf Tru invested in 0.13% or 99,992 shs. Mycio Wealth Partners Ltd Limited Liability Company reported 3,868 shs. 5,901 are owned by Personal Advsrs. Harding Loevner LP accumulated 2.92 million shs. Aviva Public Limited has 0.39% invested in NIKE, Inc. (NYSE:NKE) for 964,705 shs. Tiaa Cref Investment Management Ltd Liability Corporation has 0.27% invested in NIKE, Inc. (NYSE:NKE). Hamilton Point Invest Advisors Limited Com owns 50,312 shs for 1.7% of their capital.

NKE registered $56.97 million net activity with 0 buys and 10 sales since January 2, 2018. Another trade for 74,278 shs valued at $4.75 million was made by Slusher John F on Friday, January 5. PARKER MARK G had sold 135,000 shs worth $9.45 million on Tuesday, February 27. EDWARDS TREVOR A sold $6.85M worth of stock. 17,000 shs were sold by Matheson Monique S., worth $1.28M.

Eaton Vance Management’s holdings in Nike Inc (NKE) is reduced by 0.94% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock rose 3.73% while stock markets declined as Eaton Vance Management sold 56,568 shares. The institutional investor is holding 5.93 million shares, compared to the 5.99 million from the previous quarter. And the announced value of the consumer non-durables company is $393.99 million for the 2018Q1. Nike Inc has $117.38 billion MC. Ticker’s shares touched $72.83 during the last trading session after 0.37% change.Currently NIKE, Inc. is uptrending after 38.01% change in last June 27, 2017. NKE has 1.32M shares volume. NKE outperformed the S&P 500 by 25.44%.

About $88.88B and $40.48B US Long portfolio Eaton Vance Management operates. Its stake in United Parcel Service Inc (NYSE:UPS) was upped by 234,442 shares to 1.90 million shares valued at $199.27M in 2018Q1, according to the filing. For a total of 1.57 million shares it increased its holding in Xerox Corp by 749,180 shares in the quarter, and has risen its stake in Baxter Intl Inc (NYSE:BAX).

On June, 28 after the close. Investors wait NIKE, Inc. (NYSE:NKE) to reveal its quarterly earnings, as reported by RTT. Analysts predict $0.64 EPS, which is $0.04 up or 6.67 % from 2017’s $0.6 EPS. If NKE’s EPS is $0.64 the profit will hit $1.03 billion for 28.45 P/E. Wall Street now forecasts -5.88 % negative EPS growth despite NIKE, Inc. previous quarter’s EPS of $0.68.

For more NIKE, Inc. (NYSE:NKE) news released recently go to: Seekingalpha.com, 247Wallst.com, Seekingalpha.com, Seekingalpha.com or Benzinga.com. The titles are as follows: “It’s Earnings Season And Nike Investors Should Be Worried” released on June 25, 2018, “What to Expect When Nike Reports Thursday” on June 25, 2018, “Is It Time To Sell Nike?” with a publish date: June 15, 2018, “Can Amazon Save Nike?” and the last “Stifel: Nike ‘Uniquely Positioned’ In Shift To Direct-To-Consumer” with publication date: June 20, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

A total of 20 analysts rate Nike (NYSE:NKE) as follows: 10 “Buy”, 10 “Hold” and 0 “Sell”. Тherefore 50% are bullish. The firm has $87 highest and $60.0 lowest target. The avg target $74.50 is 2.29% above the last ($72.83) price. (NYSE:NKE) has 30 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Friday, March 23 the rating was maintained by Nomura with “Buy”. On Wednesday, January 31 the rating was maintained by Cowen & Co with “Hold”. The company rating was maintained by Canaccord Genuity on Friday, March 23. In Thursday, January 11 report Macquarie Research maintained the stock with “Buy” rating. On Thursday, April 19 the firm has “Buy” rating given by Robert W. Baird. On Wednesday, January 31 the rating was upgraded by Oppenheimer to “Buy”. On Thursday, June 14 the company was maintained by Wedbush. On Thursday, March 22 Robert W. Baird maintained NIKE, Inc. (NYSE:NKE) with “Buy” rating. On Thursday, March 22 the stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Credit Suisse. In Monday, June 11 report Wells Fargo maintained the stock with “Market Perform” rating.

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

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