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Beta Wealth Group Inc. increases its stake in NIKE, Inc. (NYSE:NKE)

Beta Wealth Group Inc. increases its stake in NIKE, Inc. (NYSE:NKE)

According to the most recent report that Beta Wealth Group Inc. submitted to the Securities and Exchange Commission, the amount of Nike, Inc. (NYSE: NKE) shares it owned went up by 45.0% during the third quarter. The corporation finished the quarter with a total holding of 2,900 shares of the footwear manufacturer’s stock after purchasing an additional 900 shares throughout the quarter. Beta Wealth Group Inc.’s shares in Nike amounted to 241,000 dollars in United States currency as of the most recent reporting period.

In recent months, several additional large investors have changed the interests they already hold in the company, and various investors have made these changes. An investment totaling approximately $2,839,000 was made in Nike by BCK Partners Inc. during the first three months of the year. Loomis Sayles & Co. L.P. increased the amount of Nike stock owned by 138.2% over the year’s first three months. Because of the purchase of an additional 6,518 shares during the most recent quarter, Loomis Sayles & Co. L.P. now directly owns 11,233 shares in the footwear company. The value of these shares brings the firm’s total investment in the company to $1,511,000. During the first quarter, Merit Financial Group LLC increased the amount of Nike stock owned by 13.3%, bringing its total ownership percentage to 100%. Following the acquisition of 186 additional shares during the most recent quarter, Merit Financial Group LLC now directly owns 1,588 shares of the footwear manufacturer’s stock, giving the company a market value of $214,000. During the first three months of the year, Bridgewater Associates L.P. started a new position in Nike stock valued at approximately $278,000, according to estimates. And finally, during the first three months of this year, Federated Hermes Inc. increased its holdings of Nike stock by 9.8 percentage points, bringing the total to a total value of. Following the acquisition of an additional 38,903 shares by Federated Hermes Inc., the market value of the footwear company has increased to a total of $58,392,000. This brings the total number of shares of stock they own in the company to 433,950. At present, institutions hold a total of 63.20% of the outstanding shares.

A share of NKE was $128.07 when trading was done on Friday. This represents an increase of $0.18 from the previous day’s closing price. The total number of shares traded in the company’s stock was 121,789, a significantly lower amount than the daily average trading volume of the company’s stock, which is 7,931,663. During the previous calendar year, the stock price of Nike, Inc. ranged from a low of $82.22 to a high of $153.60 at various points. The company has a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 4.20, and a beta value of 1.09. These three metrics are used to measure the value of the stock. The market places its current value at approximately $200.88 billion at present. The company has experienced a moving average of $105.49 over the past 200 days, and the moving average for the last 50 days is $110.51. However, the current ratio is 2.69, and the quick ratio is 1.78, so the debt-to-equity ratio, current ratio, and quick ratio all equal 0.58.

In addition, the business just recently announced and proceeded with the distribution of a quarterly dividend, which took place on the 28th of December. On Monday, December 5th, $0.34 dividend payments per share were mailed out to stockholders who already had their information on file. An annualized calculation suggests that this translates to a dividend payment of $1.36 and a yield of 1.06%. This payment’s payout period started on Friday, December 2, which was also the day that signified the beginning of the payout period. Compared to the dividend payment that Nike made during the prior quarter, which was $0.31, this represents an increase in the company’s payout. Currently, 38.31% of Nike’s earnings are distributed to shareholders as dividends.

On December 7th, Monique S. Matheson, Executive Vice President at Nike, sold 10,000 of her shares of the company’s stock. This page contains updates that are related to the topic. The total amount obtained f

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