Campbell Newman Asset Management Inc. Sells 379 Shares of NIKE, Inc. (NYSE:NKE)

Campbell Newman Asset Management Inc. lowered its holdings in NIKE, Inc. (NYSE:NKE) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,564 shares of the footwear maker’s stock after selling 379 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in NIKE were worth $1,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. lifted its holdings in shares of NIKE by 5.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 11,171 shares of the footwear maker’s stock worth $842,000 after acquiring an additional 543 shares during the period. Angeles Investment Advisors LLC acquired a new position in shares of NIKE during the 2nd quarter worth $319,000. Massachusetts Financial Services Co. MA boosted its stake in NIKE by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,025,616 shares of the footwear maker’s stock valued at $454,151,000 after buying an additional 52,500 shares in the last quarter. One Capital Management LLC lifted its holdings in shares of NIKE by 103.3% in the second quarter. One Capital Management LLC now owns 11,519 shares of the footwear maker’s stock worth $868,000 after acquiring an additional 5,854 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of NIKE by 31.1% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 95,466 shares of the footwear maker’s stock valued at $7,205,000 after purchasing an additional 22,620 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NKE. TD Cowen cut their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. JPMorgan Chase & Co. reduced their price objective on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a report on Monday, December 16th. Evercore ISI cut their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Barclays lowered their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.96.

NIKE Stock Performance

NYSE:NKE traded up $0.59 during trading on Wednesday, reaching $71.76. The company’s stock had a trading volume of 1,749,097 shares, compared to its average volume of 11,826,656. The firm has a market cap of $106.14 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. NIKE, Inc. has a 12 month low of $70.53 and a 12 month high of $107.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a 50 day moving average of $76.05 and a 200-day moving average of $78.06.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. Research analysts expect that NIKE, Inc. will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s payout ratio is currently 49.38%.

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.