Callahan Advisors LLC Has $3.88 Million Holdings in NIKE, Inc. (NYSE:NKE)

Callahan Advisors LLC lessened its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,245 shares of the footwear maker's stock after selling 15,498 shares during the quarter. Callahan Advisors LLC's holdings in NIKE were worth $3,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mcdonald Partners LLC increased its position in shares of NIKE by 3.1% in the 4th quarter. Mcdonald Partners LLC now owns 13,061 shares of the footwear maker's stock valued at $988,000 after acquiring an additional 395 shares during the period. Ramsay Stattman Vela & Price Inc. increased its position in shares of NIKE by 0.5% in the 4th quarter. Ramsay Stattman Vela & Price Inc. now owns 77,221 shares of the footwear maker's stock valued at $5,843,000 after acquiring an additional 364 shares during the period. HighMark Wealth Management LLC boosted its holdings in shares of NIKE by 252.4% in the 4th quarter. HighMark Wealth Management LLC now owns 740 shares of the footwear maker's stock valued at $56,000 after acquiring an additional 530 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of NIKE by 355.6% in the fourth quarter. Venturi Wealth Management LLC now owns 7,263 shares of the footwear maker's stock worth $550,000 after acquiring an additional 5,669 shares during the period. Finally, Citizens & Northern Corp increased its stake in shares of NIKE by 9.8% in the fourth quarter. Citizens & Northern Corp now owns 17,606 shares of the footwear maker's stock worth $1,332,000 after acquiring an additional 1,572 shares during the period. Institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NYSE:NKE traded down $0.73 during midday trading on Friday, hitting $76.50. The company's stock had a trading volume of 12,813,494 shares, compared to its average volume of 13,223,615. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock's 50 day simple moving average is $74.31 and its 200 day simple moving average is $78.09. The stock has a market capitalization of $113.15 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.50 and a beta of 1.01. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $106.62.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to analysts' expectations of $12.11 billion. During the same period in the prior year, the business earned $1.03 earnings per share. NIKE's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.09%. NIKE's dividend payout ratio (DPR) is 49.38%.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the firm's stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on NIKE from $95.00 to $92.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Guggenheim reaffirmed a "buy" rating and set a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. Barclays dropped their target price on NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $80.00 target price on shares of NIKE in a report on Wednesday. Finally, Morgan Stanley dropped their target price on NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Fifteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.62.

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.