Glenview Trust co Has $7.50 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Glenview Trust co grew its position in NIKE, Inc. (NYSE:NKE) by 300.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,050 shares of the footwear maker’s stock after buying an additional 74,310 shares during the period. Glenview Trust co’s holdings in NIKE were worth $7,495,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Harbour Investments Inc. grew its position in shares of NIKE by 6.6% in the 3rd quarter. Harbour Investments Inc. now owns 5,749 shares of the footwear maker’s stock valued at $508,000 after purchasing an additional 357 shares during the period. Curi RMB Capital LLC lifted its stake in NIKE by 9.6% in the third quarter. Curi RMB Capital LLC now owns 6,765 shares of the footwear maker’s stock valued at $598,000 after buying an additional 591 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of NIKE by 7.8% in the third quarter. OneDigital Investment Advisors LLC now owns 16,792 shares of the footwear maker’s stock valued at $1,484,000 after buying an additional 1,217 shares during the period. CIBC Asset Management Inc increased its position in shares of NIKE by 7.1% during the third quarter. CIBC Asset Management Inc now owns 185,320 shares of the footwear maker’s stock worth $16,382,000 after acquiring an additional 12,351 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in shares of NIKE by 5.8% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 11,852 shares of the footwear maker’s stock worth $1,048,000 after acquiring an additional 646 shares during the period. Institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. UBS Group reiterated a “neutral” rating and set a $73.00 price objective on shares of NIKE in a report on Thursday, December 26th. Morgan Stanley cut their target price on NIKE from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday. Evercore ISI decreased their price target on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.69.

NIKE Stock Down 1.3 %

NKE opened at $71.72 on Friday. The stock has a fifty day moving average of $74.68 and a 200-day moving average of $77.81. The company has a market capitalization of $106.08 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $101.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

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, beating analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio is currently 49.38%.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

NIKE 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.