Capital World Investors Has $1.86 Billion Holdings in NIKE, Inc. (NYSE:NKE)

Capital World Investors increased its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,545,937 shares of the footwear maker's stock after acquiring an additional 2,288,627 shares during the quarter. Capital World Investors owned approximately 1.66% of NIKE worth $1,857,389,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in shares of NIKE by 65.4% in the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker's stock valued at $9,332,000 after acquiring an additional 41,752 shares in the last quarter. Denver PWM LLC grew its holdings in NIKE by 9.7% during the third quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker's stock worth $228,000 after acquiring an additional 227 shares during the period. Confluence Investment Management LLC raised its position in NIKE by 6.3% in the fourth quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker's stock worth $18,621,000 after acquiring an additional 14,592 shares in the last quarter. Cacti Asset Management LLC acquired a new stake in NIKE in the fourth quarter valued at $9,987,000. Finally, GAMMA Investing LLC increased its holdings in shares of NIKE by 1.0% in the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after purchasing an additional 150 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NYSE NKE traded up $0.20 during mid-day trading on Wednesday, reaching $57.26. The company had a trading volume of 14,378,612 shares, compared to its average volume of 14,255,907. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a 50-day moving average price of $67.75 and a two-hundred day moving average price of $73.44. The stock has a market cap of $84.69 billion, a PE ratio of 17.67, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. On average, equities 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 was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.79%. NIKE's payout ratio is 53.16%.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NKE. Needham & Company LLC reduced their price target on shares of NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research report on Friday, March 21st. UBS Group lowered their price objective on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Citigroup lowered shares of NIKE from a "buy" rating to a "neutral" rating and lowered their price target for the company from $102.00 to $72.00 in a research report on Friday, February 7th. Finally, Guggenheim restated a "buy" rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and an average target price of $83.19.

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.