Pensioenfonds Rail & OV Sells 102,772 Shares of NIKE, Inc. (NYSE:NKE)

Pensioenfonds Rail & OV decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 23.8% during the first quarter, Holdings Channel.com reports. The fund owned 328,407 shares of the footwear maker’s stock after selling 102,772 shares during the quarter. Pensioenfonds Rail & OV’s holdings in NIKE were worth $30,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC raised its stake in NIKE by 120.7% during the 4th 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 during the period. Planned Solutions Inc. bought a new stake in NIKE during the 4th quarter worth approximately $29,000. True Wealth Design LLC raised its stake in NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after acquiring an additional 150 shares during the period. Core Wealth Advisors Inc. raised its stake in NIKE by 408.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after acquiring an additional 241 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of NIKE during the fourth quarter valued at approximately $33,000. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 168,378 shares of the company’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 completion of the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, VP Johanna Nielsen sold 282 shares of the 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 transaction, the vice president now directly owns 730 shares of the company’s stock, valued at approximately $68,357.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction on 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 transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The disclosure for this sale can be found here. Insiders sold a total of 213,660 shares of company stock valued at $19,946,333 in the last three months. 0.50% of the stock is currently owned by company insiders.

NIKE Stock Performance

NIKE stock traded down $0.69 during mid-day trading on Wednesday, hitting $94.06. The company had a trading volume of 9,718,438 shares, compared to its average volume of 9,191,515. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $141.97 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.80 and a beta of 1.05. The company’s fifty day moving average is $93.71 and its 200-day moving average is $99.52. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $123.39.

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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is 43.53%.

Wall Street Analyst Weigh In

NKE has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Evercore ISI cut their target price on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. cut their target price on shares of NIKE from $122.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $115.00 target price on shares of NIKE in a report on Thursday, June 13th. Finally, Wells Fargo & Company dropped their price objective on shares of NIKE from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.81.

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.