Moisand Fitzgerald Tamayo LLC Lowers Position in NIKE, Inc. (NYSE:NKE)

Moisand Fitzgerald Tamayo LLC lessened its position in NIKE, Inc. (NYSE:NKE) by 25.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 601 shares of the footwear maker’s stock after selling 200 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in NIKE were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of NIKE by 26.4% in the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after purchasing an additional 6,410,744 shares during the period. Geode Capital Management LLC increased its position in NIKE by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 22,478,963 shares of the footwear maker’s stock valued at $2,750,643,000 after buying an additional 116,877 shares in the last quarter. FMR LLC increased its position in NIKE by 11.8% during the 1st quarter. FMR LLC now owns 19,087,757 shares of the footwear maker’s stock valued at $2,340,922,000 after buying an additional 2,011,891 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in NIKE by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,334,239 shares of the footwear maker’s stock valued at $2,028,279,000 after buying an additional 1,254,209 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in NIKE by 139,649.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after buying an additional 16,801,276 shares in the last quarter. Hedge funds and other institutional investors own 63.42% of the company’s stock.

NIKE Price Performance

Shares of NKE stock traded down $0.77 during trading hours on Tuesday, hitting $94.74. The stock had a trading volume of 2,342,829 shares, compared to its average volume of 6,905,015. NIKE, Inc. has a one year low of $82.22 and a one year high of $131.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.72 and a quick ratio of 1.81. The stock’s 50-day moving average price is $104.70 and its two-hundred day moving average price is $112.67. The stock has a market capitalization of $144.95 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 1.70 and a beta of 1.12.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 29th. The footwear maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). NIKE had a return on equity of 34.01% and a net margin of 9.90%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that NIKE, Inc. will post 3.71 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.44%. NIKE’s payout ratio is currently 42.11%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on NIKE from $152.00 to $146.00 and set an “overweight” rating for the company in a research report on Wednesday, June 28th. Wells Fargo & Company reduced their target price on NIKE from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Monday. Erste Group Bank reissued a “hold” rating on shares of NIKE in a report on Friday, September 8th. Barclays cut their price objective on NIKE from $127.00 to $124.00 in a report on Friday, June 30th. Finally, BNP Paribas lowered NIKE from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.07.

Insiders Place Their Bets

In other NIKE news, VP Johanna Nielsen sold 1,706 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $107.00, for a total transaction of $182,542.00. Following the sale, the vice president now directly owns 954 shares of the company’s stock, valued at $102,078. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Matthew Friend sold 5,545 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $107.00, for a total transaction of $593,315.00. Following the transaction, the chief financial officer now owns 42,119 shares of the company’s stock, valued at $4,506,733. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Johanna Nielsen sold 1,706 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $107.00, for a total value of $182,542.00. Following the transaction, the vice president now directly owns 954 shares in the company, valued at approximately $102,078. The disclosure for this sale can be found here. Insiders have sold 157,251 shares of company stock valued at $17,063,257 over the last ninety days. 0.50% of the stock is owned by insiders.

NIKE Company Profile

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.