Nike (NKE) Shares Sold by TIAA CREF Investment Management LLC

Marco Green
April 16, 2018

The shares were sold at an average price of $52.94, for a total transaction of $5,294,000.00.

According to a filing the Global Thematic Partners Llc's stake in Transdigm Group Inc (NYSE:TDG) was upped by 19,363 shares to 202,497 shares valued at $55.61 million in 2017Q4. Corporate insiders own 3.90% of the company's stock. The stock decreased 0.07% or $0.1 during the last trading session, reaching $134.32. SCHYF's SI was 3.23M shares in April as released by FINRA. The Company's operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets.

TIAA CREF Investment Management LLC lessened its stake in Nike (NYSE:NKE) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

In related news, insider Eric D. Sprunk sold 100,000 shares of Nike stock in a transaction dated Tuesday, January 30th. The overall volume in the last trading session was 4.29 million shares. NKE outperformed the S&P500 by 6.76%. Verition Fund Ltd Liability Corp has 0.15% invested in Raytheon Company (NYSE:RTN) for 8,583 shares. (NYSE:NKE) or 38,305 shs.

Investors sentiment increased to 1.13 in 2017 Q4. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.35. NKE has also 4.30M shares volume. 109 funds opened positions while 312 raised stakes. Following a recent spotcheck, the public organization NIKE, Inc. Alps Advsrs Incorporated owns 0% invested in NIKE, Inc. The North Carolina-based Stearns Financial Ser Grp has invested 0.05% in NIKE, Inc. (NYSE:NKE). Bath Savings Co holds 3.38% of its portfolio in NIKE, Inc. Bb&T stated it has 43,386 shares. Thomas White Ltd has 0.12% invested in NIKE, Inc. Gm Advisory Gru Inc owns 3,300 shares for 0.06% of their portfolio. Rudman Errol M, a New York-based fund reported 73,738 shares. 47,040 were reported by Horan Mgmt. Welch Forbes Llc reported 0.01% stake. Colonial Trust reported 170,288 shares. Highstreet Asset Mgmt Inc invested 0.21% of its portfolio in Raytheon Company (NYSE:RTN). This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. Moreover, Forbes J M Com Llp has 0.07% invested in Raytheon Company (NYSE:RTN) for 1,600 shares. State Of Tennessee Treasury Department has invested 0.22% in NIKE, Inc. 10,000 NIKE, Inc. (NYSE:NKE) shares with value of $650,000 were sold by Matheson Monique S. EDWARDS TREVOR A sold $6.85 million worth of stock. We have $63.60 PT which if reached, will make NYSE:NKE worth $5.45 billion less.

Among 44 analysts covering Nike Inc. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have assigned a buy rating to the stock. Therefore 25% are positive.

Scotia reported 0.18% of its capital in NIKE, Inc. Bayesian Capital Management LP bought a new stake in shares of Nike during the second quarter valued at approximately $9,641,000. (NYSE:NKE) on Wednesday, June 29 with "Buy" rating. The institutional investor owned 6,092,230 shares of the footwear maker's stock after selling 2,317,213 shares during the period. As per Thursday, December 14, the company rating was maintained by Wedbush.

The chart of NIKE, Inc. (NYSE:NKE) has "Buy" rating given on Wednesday, December 2 by Goldman Sachs. On Wednesday, January 31 the company was maintained by Cowen & Co. The firm earned "Buy" rating on Friday, September 25 by Jefferies. (NYSE:NKE) earned "Overweight" rating by Morgan Stanley on Wednesday, March 23. The business posted revenue of $8,984.00 million for the three-month period, above $132.96 million, compared to analysts' forecasts of $8,851.04 million with a surprise factor of 1.50%. Therefore 81% are positive. Telsey Advisory Group maintained the shares of NKE in report on Tuesday, September 22 with "Outperform" rating. In Thursday, March 22 report Piper Jaffray maintained it with "Hold" rating and $6400 target. The firm has "Hold" rating by RBC Capital Markets given on Thursday, July 6. The company was maintained on Thursday, February 15 by Buckingham Research. As of December 31, 2016, the firm had 12,751 suites and hotel rooms, 19 Paiza Mansions, 1,635 table games, 4,493 slot machines, and approximately 140 restaurants and food outlets, as well as other integrated resort amenities.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on April, 26. Stifel Financial Corp now owns 1,269,765 shares of the footwear maker's stock valued at $74,929,000 after purchasing an additional 65,045 shares during the last quarter. UNP's profit will be $1.30B for 20.11 P/E if the $1.67 EPS becomes a reality.

Oppenheimer also issued estimates for Nike's Q4 2018 earnings at $0.63 EPS, Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.72 EPS and FY2019 earnings at $2.60 EPS.

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