NIKE Shareholder Fayez Sarofim & Co Reduces Stake by 41.7% in Q2

Fayez Sarofim & Co has reduced its stake in NIKE, Inc. (NYSE:NKE) by 41.7% in the second quarter. According to a recent Form 13F filing with the Securities and Exchange Commission (SEC), the fund sold 32,051 shares during the quarter, leaving it with 44,777 shares of the footwear maker's stock. The value of Fayez Sarofim & Co's holdings in NIKE was $1,838,000 as of its most recent SEC filing.

Institutional investors have been making changes to their positions in NIKE recently. State Street Corp increased its holdings by 2.2% in the fourth quarter and now owns 59,315,606 shares valued at $3,802,807,000. Capital World Investors grew its stake by 16.2% during the same period and owns 49,069,951 shares worth $3,126,246,000.

The company's stock price has been affected by various news stories in recent days. Some analysts believe that NIKE's strategic direction is correct, but execution is taking longer than expected. Others are concerned about the company's turnaround and its impact on the stock price.