NIKE, Inc. (NYSE:NKE) Shares Sold by Trust Co of Kansas

Trust Co of Kansas cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 67,147 shares of the footwear maker’s stock after selling 796 shares during the period. NIKE makes up 2.4% of Trust Co of Kansas’ portfolio, making the stock its 20th largest holding. Trust Co of Kansas’ holdings in NIKE were worth $5,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of NIKE in the 3rd quarter worth $30,000. VitalStone Financial LLC raised its holdings in NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares in the last quarter. Dunhill Financial LLC boosted its holdings in NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. Ecofi Investissements SA acquired a new position in NIKE during the 2nd quarter worth approximately $49,000. Finally, Riverview Trust Co purchased a new position in shares of NIKE during the 3rd quarter worth approximately $52,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

NKE stock opened at $70.89 on Friday. The stock has a market capitalization of $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52-week low of $70.32 and a 52-week high of $107.43. The stock’s fifty day simple moving average is $75.87 and its 200-day simple moving average is $77.96.

NIKE (NYSE:NKE) last issued its quarterly earnings results 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the company earned $1.03 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Equities research analysts expect that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.40 per share. 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. This represents a $1.60 annualized dividend and a yield of 2.26%. NIKE’s dividend payout ratio is 49.38%.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on NKE shares. Morgan Stanley decreased their price target on NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Barclays lowered their price target on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Guggenheim lowered their target price on shares of NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus reduced their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.96.

About NIKE

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.