United Capital Financial Advisers LLC Boosted Nike (NKE) Stake by $108.21 Million

April 22, 2018 - By Adrian Erickson

NIKE, Inc. (NYSE:NKE) LogoInvestors sentiment decreased to 0.74 in Q4 2017. Its down 0.06, from 0.8 in 2017Q3. It is negative, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Wells Fargo & Mn has 0.24% invested in NIKE, Inc. (NYSE:NKE). Shell Asset Mngmt Co has 0.17% invested in NIKE, Inc. (NYSE:NKE). Janney Montgomery Scott Lc reported 208,482 shares. Fiera Cap Corporation owns 5.13 million shares. Checchi Cap Advisers Limited Liability Company, a California-based fund reported 12,053 shares. The Maryland-based Fulton Breakefield Broenniman Limited Liability has invested 0.65% in NIKE, Inc. (NYSE:NKE). Parametric Portfolio Assocs Limited Liability Corporation owns 4.55 million shares. Cap Sarl owns 148,500 shares. First Mercantile Trust stated it has 0.42% in NIKE, Inc. (NYSE:NKE). Stearns Financial Group stated it has 0.05% of its portfolio in NIKE, Inc. (NYSE:NKE). Moreover, Confluence Wealth Mgmt Ltd has 0.7% invested in NIKE, Inc. (NYSE:NKE). Adirondack Trust holds 5,770 shares. Texas-based Fiduciary Fincl Svcs Of The Southwest Inc Tx has invested 0.57% in NIKE, Inc. (NYSE:NKE). Notis owns 0.23% invested in NIKE, Inc. (NYSE:NKE) for 6,366 shares. Moreover, Evercore Wealth Management Lc has 1.26% invested in NIKE, Inc. (NYSE:NKE).

Since December 11, 2017, it had 0 insider purchases, and 8 selling transactions for $45.81 million activity. PARKER MARK G sold $9.45M worth of stock. Matheson Monique S. also sold $650,000 worth of NIKE, Inc. (NYSE:NKE) shares. EDWARDS TREVOR A had sold 100,000 shares worth $6.85M on Wednesday, January 31. $6.77 million worth of stock was sold by SPRUNK ERIC D on Monday, January 29.

United Capital Financial Advisers Llc increased its stake in Nike (NKE) by 301.65% based on its latest 2017Q4 regulatory filing with the SEC. United Capital Financial Advisers Llc bought 1.75 million shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 2.32M shares of the consumer non-durables company at the end of 2017Q4, valued at $146.29 million, up from 578,600 at the end of the previous reported quarter. United Capital Financial Advisers Llc who had been investing in Nike for a number of months, seems to be bullish on the $106.52 billion market cap company. The stock increased 0.55% or $0.36 during the last trading session, reaching $66.09. About 10.40 million shares traded or 28.33% up from the average. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 22, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

United Capital Financial Advisers Llc, which manages about $9.56 billion and $12.67 billion US Long portfolio, decreased its stake in Vanguard Total Stock Market Etf (VTI) by 115,730 shares to 622,352 shares, valued at $85.74M in 2017Q4, according to the filing. It also reduced its holding in Ishares Msci Spain Etf (EWP) by 130,654 shares in the quarter, leaving it with 983,040 shares, and cut its stake in Ishares Msci Australia (EWA).

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 23 analysts covering Nike (NYSE:NKE), 14 have Buy rating, 1 Sell and 8 Hold. Therefore 61% are positive. Nike had 42 analyst reports since October 23, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 22 by Credit Suisse. Robert W. Baird maintained it with “Buy” rating and $7800 target in Thursday, March 22 report. The stock has “Buy” rating by Robert W. Baird on Thursday, April 19. The firm has “Hold” rating given on Tuesday, November 28 by HSBC. On Thursday, October 26 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Buy” rating by DA Davidson on Tuesday, December 26. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, March 23 report. The stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Buckingham Research on Thursday, February 15. The rating was maintained by Cowen & Co on Thursday, January 11 with “Hold”. The firm earned “Buy” rating on Thursday, December 21 by Robert W. Baird.

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

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