Mark Parker Insider Sell
Today, a huge insider trading transaction was made. Mark Parker, the PRESIDENT & CEO and an insider of Nike Inc unloaded exactly 300,000 shares of Nike Inc, worth exactly $36,190,034 US Dollars, at $120.6 for a share at the time of the transaction. This transaction was pretty sizable one, so clearly it won’t go unseen. Now, Mark Parker possess a total of 942,464 shares or 0.11% of Nike Inc’s market capitalization. A filing freely available for public review here reveals this insider activity, that was conducted on 30-09-2015 and was filed with the D.C. based-SEC.
Nike Inc Sentiment and Fundamentals
Thirty big league analysts following the developments of Nike Inc stated, that the -listed company’s earnings-per-share is expected at $4.29. This would give it a 28.65 price-earnings ratio. At this rate, the year-on-year growth rate of Nike Inc will be not more than 12.32%. It is difficult to make conclusions about Nike Inc’s future just from Mark Parker’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Mark exercised options for 300,000 shares with average price 21.1, worth 6.32 million.
Because our well-know equities momentum system as illustrated on the chart below is positive, our equity traders can’t rate the stock SELL. Nike Inc’s stock is in a bullish trend, going up about 28.24% within the last 200 days.
Famous traders such as Ray Dalio have often said that the highest risk-adjusted returns are made through fundamental & technical analysis. This is definitely not the case with Nike Inc.
Institutional Ownership
Data gathered from 13F filings from SEC, show that 1074 investment managers own shares of Nike Inc. The institutional ownership of the company’s stock in Q2 2015 is extremely high, at 63.92% of the shares outstanding. Its down 11.57% from Q1 2015. These hedge funds decreased the total shares they own by 71.68 million to 547.84 million this quarter. There were 37 funds that closed their positions and 432 that reduced them. A total of 123 funds opened new positions in Nike Inc and 368 increased their holdings.
As reported by SEC’s 13F filings, 80 registered investment managers are positive about this stock as its in their Top 10 stock portfolios.
Mcdonald Capital Investors Inc Ca is the most positive hedge fund on Nike Inc, with ownership of 1.39 million shares as of Q2 2015 for 14.73% of the fund’s portfolio. Ramsay Stattman Vela & Price Inc. is another positive institutional manager possessing 73,380 shares of the company or 3.89% of their stocks portfolio. The stock is also 2.39% of the fund’s AUM. Moreover The Netherlands-based fund Spf Beheer Bv have 3.64% of their stock portfolio invested in the company’s market cap for 687,366 shares. The Switzerland-based fund Banque Pictet & Cie Sa disclosed it had purchased a stake worth 3.66% of the fund’s stock portfolio in Nike Inc. The Massachusetts-based fund Btim Corp. is also confident in the stock, owning 781,509 shares or 1.29% of their stock portfolio.
Nike NYSE:NKE Company Profile
NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, Action Sports, Sportswear (the Company’s sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
Company Website: Nike
Nike Inc was created in Oregon on 1969-09-08. Now its market value is: $105.08 billion and it has 878.08 million outstanding shares. The company has 62600 employees. Now there are 66.33% shareholders and the institutional ownership is 66.33%. The stock closed at $122.970001 yesterday and it had average 2 days volume of 1837098 shares. It is up from the 30 days average shares volume of 1814164. Nike Inc has a one year low of $84.10 and a 250 days high of $125.94. The stock price is above the 200 days SMA. Nike Inc last issued its quarterly earnings information on 09/24/2015. The company reported 1.34 EPS for the quarter, above the consensus estimate of 1.19 by 0.15. The company had a revenue of 7.78 billion for 5/31/2015 and 7.46 billion for 2/28/2015. Therefore, the revenue was 319.00 million up.
* Exercise and sale was pursuant to an approved 10b5-1 trading plan. Pursuant to Company policy - market transactions in Company stock by officers and directors are permitted only after the second full trading day after the public release of quarterly earnings and ending on the last day of the second month of the following fiscal quarter - except pursuant to approved 10b5-1 trading plans.
* Shares held in account under the NIKE - Inc. 401(k) and Profit Sharing Plan.
* Option granted on 2/16/2006 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
