Wed Oct 02 17:54:57 UTC 2024: ## NIKE Stock Sees Increased Interest from Institutional Investors

**New York, NY – October 2nd, 2024** – NIKE, Inc. (NYSE: NKE) continues to attract attention from institutional investors, with several hedge funds increasing their holdings in the footwear giant during recent quarters.

**Quarry LP** boosted its position in NIKE by 55.7% in the second quarter, acquiring an additional 543 shares. The firm now owns 1,517 shares worth $114,000.

**Price T Rowe Associates Inc. MD** significantly increased its stake in NIKE by 87.5% in the fourth quarter, now owning 17,135,431 shares valued at $1,860,395,000. **Capital International Investors** also saw growth in its NIKE holdings, up 34.9% in the fourth quarter, bringing its ownership to 27,609,613 shares worth $2,997,628,000.

Several other hedge funds made notable moves, including **Longview Partners Guernsey LTD** purchasing a new position in NIKE during the first quarter valued at $533,533,000, **Capital World Investors** increasing its stake by 612.2% in the first quarter, and **Jennison Associates LLC** lifting its position by 45.6% in the same quarter.

Currently, 64.25% of NIKE’s stock is owned by hedge funds and other institutional investors.

**Insider Trading Activity**

NIKE Chairman Mark G. Parker sold 110,000 shares on July 18th at an average price of $72.97, for a total transaction of $8,026,700.00. He also sold 52,487 shares on August 14th at an average price of $78.00, totaling $4,093,986.00. Following these transactions, Parker now owns 1,031,226 shares of NIKE stock.

**Company Performance and Outlook**

NIKE opened at $89.13 on Wednesday. The firm has a market cap of $134.53 billion, a price-to-earnings ratio of 23.90, and a beta of 1.02. The company recently announced a quarterly dividend of $0.37 per share, representing an annualized dividend of $1.48 and a yield of 1.66%.

**Conclusion**

The increasing interest from institutional investors and the recent insider trading activity highlight the continued confidence in NIKE’s future prospects. The company’s strong financial performance and dividend payout continue to attract investors.

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