NIKE, Inc. (NYSE:NKE) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in NIKE, Inc. (NYSE:NKEFree Report) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,560 shares of the footwear maker’s stock after purchasing an additional 5,954 shares during the period. Kingsview Wealth Management LLC’s holdings in NIKE were worth $5,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC raised its position in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Planned Solutions Inc. acquired a new stake in NIKE during the fourth quarter valued at approximately $29,000. Raleigh Capital Management Inc. boosted its holdings in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares in the last quarter. OFI Invest Asset Management acquired a new position in NIKE in the third quarter worth approximately $37,000. Finally, Mizuho Securities Co. Ltd. increased its holdings in shares of NIKE by 100.0% in the fourth quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock valued at $37,000 after buying an additional 170 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the sale, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders sold 213,660 shares of company stock valued at $19,946,333 over the last ninety days. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group cut their price objective on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Telsey Advisory Group decreased their price target on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Morgan Stanley dropped their price objective on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Citigroup decreased their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Robert W. Baird dropped their price target on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.26.

Check Out Our Latest Stock Analysis on NKE

NIKE Price Performance

Shares of NYSE:NKE traded up $0.41 during midday trading on Friday, reaching $92.18. 12,019,568 shares of the company’s stock were exchanged, compared to its average volume of 7,993,296. The firm has a market capitalization of $139.13 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $123.39. The company’s 50 day simple moving average is $94.00 and its two-hundred day simple moving average is $102.37.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.37 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. NIKE’s dividend payout ratio (DPR) is presently 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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