10,490 Shares in NIKE, Inc. (NYSE:NKE) Purchased by WT Wealth Management

WT Wealth Management acquired a new position in shares of NIKE, Inc. (NYSE:NKEFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,490 shares of the footwear maker’s stock, valued at approximately $1,141,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Newport Trust Company LLC bought a new position in shares of NIKE during the third quarter valued at $679,775,000. Van ECK Associates Corp lifted its stake in shares of NIKE by 117.0% in the third quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock worth $285,564,000 after buying an additional 1,610,273 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NIKE by 37.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock valued at $553,786,000 after buying an additional 1,583,541 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of NIKE during the third quarter valued at approximately $97,724,000. Finally, GUARDCAP ASSET MANAGEMENT Ltd raised its holdings in NIKE by 25.5% in the 4th quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 4,714,494 shares of the footwear maker’s stock worth $511,853,000 after acquiring an additional 957,612 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 168,378 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Johanna Nielsen sold 282 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the sale, the vice president now owns 730 shares of the company’s stock, valued at $68,357.20. The disclosure for this sale can be found here. Insiders sold 213,660 shares of company stock valued at $19,946,333 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. The Goldman Sachs Group cut their target price on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $100.00 target price (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. UBS Group reduced their price target on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Bank of America raised shares of NIKE from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $113.00 in a research report on Thursday, April 11th. Finally, HSBC lowered their price target on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

Get Our Latest Research Report on NKE

NIKE Price Performance

Shares of NKE traded up $0.41 during midday trading on Friday, hitting $92.18. 12,019,568 shares of the company traded hands, compared to its average volume of 7,993,296. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $123.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm has a 50 day moving average of $94.00 and a 200-day moving average of $102.37. The stock has a market cap of $139.13 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.77 and a beta of 1.07.

NIKE (NYSE:NKEGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, analysts forecast that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 annualized dividend and a yield of 1.61%. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

NIKE Company Profile

(Free Report)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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