Cohen Klingenstein LLC Has $1.50 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Cohen Klingenstein LLC lowered its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 39.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,800 shares of the footwear maker's stock after selling 12,700 shares during the quarter. Cohen Klingenstein LLC's holdings in NIKE were worth $1,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NKE. Range Financial Group LLC bought a new stake in shares of NIKE in the 4th quarter worth about $642,000. Cacti Asset Management LLC purchased a new stake in NIKE during the 4th quarter worth approximately $9,987,000. FNY Investment Advisers LLC raised its stake in shares of NIKE by 5,745.9% in the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock worth $654,000 after purchasing an additional 8,504 shares during the last quarter. Eagle Rock Investment Company LLC lifted its holdings in shares of NIKE by 49.2% in the 4th quarter. Eagle Rock Investment Company LLC now owns 60,642 shares of the footwear maker's stock valued at $4,589,000 after buying an additional 19,991 shares during the period. Finally, Mirador Capital Partners LP raised its holdings in NIKE by 69.8% in the 4th quarter. Mirador Capital Partners LP now owns 72,986 shares of the footwear maker's stock worth $5,523,000 after purchasing an additional 30,011 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm's stock in a transaction on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NKE shares. TD Cowen lowered their price target 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. Wells Fargo & Company lowered their price objective on NIKE from $95.00 to $92.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Bank of America cut their price objective on shares of NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft decreased their price target on NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Finally, Robert W. Baird cut their price objective on NIKE from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, December 23rd. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.96.

NIKE Trading Down 0.3 %

NYSE NKE traded down $0.22 during trading hours on Friday, hitting $70.89. 9,688,434 shares of the company's stock were exchanged, compared to its average volume of 11,668,856. 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 firm has a market capitalization of $104.85 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The business's 50 day moving average is $75.77 and its 200-day moving average is $77.92. NIKE, Inc. has a 12-month low of $70.32 and a 12-month high of $107.43.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results 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 period in the previous year, the firm earned $1.03 earnings per share. NIKE's revenue was down 7.7% compared to the same quarter last year. As a group, analysts anticipate that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued 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 dividend yield of 2.26%. NIKE's payout ratio is presently 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.