Gillespie Robinson & Grimm INC Has Cut Nike INC (NKE) Stake by $4.08 Million

September 16, 2018 - By Elizabeth Jones

NIKE, Inc. (NYSE:NKE) LogoInvestors sentiment increased to 0.83 in 2018 Q2. Its up 0.18, from 0.65 in 2018Q1. It is positive, as 43 investors sold NKE shares while 480 reduced holdings. 123 funds opened positions while 313 raised stakes. 982.71 million shares or 1.47% less from 997.42 million shares in 2018Q1 were reported. Riverpark Cap Mngmt Limited Liability holds 2.18% in NIKE, Inc. (NYSE:NKE) or 137,046 shares. First Bancorp Of Omaha owns 96,179 shares or 0.38% of their US portfolio. Buckingham Capital Mngmt holds 0.42% or 26,027 shares. Evergreen Ltd Liability reported 87,542 shares. Prio Wealth Ltd Partnership invested in 0.5% or 125,988 shares. Sunbelt Securities accumulated 7,319 shares or 0.35% of the stock. Sg Americas Lc holds 59,450 shares or 0.04% of its portfolio. Robecosam Ag has 72,760 shares. Hendershot Investments Inc owns 57,987 shares. Hm Payson & Communication owns 86,080 shares. Farmers State Bank accumulated 0.28% or 5,854 shares. The New York-based Bluemountain Limited Liability has invested 0.11% in NIKE, Inc. (NYSE:NKE). Mycio Wealth Prns Ltd Liability Company owns 0.03% invested in NIKE, Inc. (NYSE:NKE) for 4,200 shares. Jennison Assocs Ltd Limited Liability Company stated it has 14.74 million shares. Lee Danner And Bass invested in 5,727 shares.

Since May 16, 2018, it had 0 insider purchases, and 11 insider sales for $45.35 million activity. On Monday, June 4 the insider PARKER MARK G sold $9.86M. SPRUNK ERIC D sold $11.86M worth of NIKE, Inc. (NYSE:NKE) on Friday, June 29. Hill Elliott sold $448,774 worth of stock. On Thursday, July 5 Krane Hilary K sold $3.06M worth of NIKE, Inc. (NYSE:NKE) or 40,000 shares. The insider Matheson Monique S. sold 17,000 shares worth $1.28 million.

Gillespie Robinson & Grimm Inc decreased its stake in Nike Inc (NKE) by 11.69% based on its latest 2018Q2 regulatory filing with the SEC. Gillespie Robinson & Grimm Inc sold 51,662 shares as the company’s stock rose 12.00% with the market. The institutional investor held 390,238 shares of the consumer non-durables company at the end of 2018Q2, valued at $31.09 million, down from 441,900 at the end of the previous reported quarter. Gillespie Robinson & Grimm Inc who had been investing in Nike Inc for a number of months, seems to be less bullish one the $133.63 billion market cap company. The stock increased 0.02% or $0.02 during the last trading session, reaching $83.49. About 4.88 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 55.43% since September 16, 2017 and is uptrending. It has outperformed by 39.81% the S&P500.

Gillespie Robinson & Grimm Inc, which manages about $954.83 million and $788.82 million US Long portfolio, upped its stake in Goldman Sachs Group Inc. (NYSE:GS) by 24,262 shares to 59,807 shares, valued at $13.19 million in 2018Q2, according to the filing.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on September, 25. They expect $0.61 earnings per share, up 7.02 % or $0.04 from last year’s $0.57 per share. NKE’s profit will be $976.34 million for 34.22 P/E if the $0.61 EPS becomes a reality. After $0.69 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -11.59 % negative EPS growth.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: 247Wallst.com which released: “Nike Sprints to First Place as Dow’s Top-Performing Stock” on September 15, 2018, also Bizjournals.com with their article: “How Phil Knight’s $1M Buehler donation compares to his other big campaign checks (Infographic)” published on September 14, 2018, Bizjournals.com published: “Nike, Intel, R/GA part of new program to put Oregon at center of blockchain industry” on September 14, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Bizjournals.com and their article: “Report: Knight gives Buehler $1M” published on September 07, 2018 as well as Seekingalpha.com‘s news article titled: “Nike: Brand Damage Risk” with publication date: September 12, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 23 analysts covering Nike (NYSE:NKE), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Nike has $95 highest and $62 lowest target. $82’s average target is -1.78% below currents $83.49 stock price. Nike had 36 analyst reports since March 23, 2018 according to SRatingsIntel. The rating was maintained by Wedbush on Monday, September 10 with “Outperform”. The rating was maintained by Wedbush with “Outperform” on Friday, June 29. Credit Suisse initiated the stock with “Buy” rating in Thursday, March 22 report. The firm has “Buy” rating by HSBC given on Friday, April 27. Jefferies maintained NIKE, Inc. (NYSE:NKE) rating on Friday, March 23. Jefferies has “Hold” rating and $6800 target. The stock has “Hold” rating by Canaccord Genuity on Friday, June 29. The company was upgraded on Monday, August 20 by Susquehanna. The company was maintained on Thursday, April 19 by Robert W. Baird. The firm earned “Market Perform” rating on Monday, June 11 by Wells Fargo. The stock of NIKE, Inc. (NYSE:NKE) earned “Hold” rating by Piper Jaffray on Thursday, March 22.

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

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