NIKE, Inc. (NYSE:NKE) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,927 shares of the footwear maker's stock after selling 12,364 shares during the quarter. MML Investors Services LLC's holdings in NIKE were worth $11,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new position in NIKE during the fourth quarter worth $28,000. Caitlin John LLC raised its position in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Roxbury Financial LLC purchased a new position in NIKE in the 4th quarter valued at about $30,000. LFA Lugano Financial Advisors SA boosted its holdings in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new stake in NIKE during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company decreased their price objective on NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group raised shares of NIKE from a "hold" rating to a "buy" rating and upped their target price for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Telsey Advisory Group reissued a "market perform" rating and issued a $80.00 price target on shares of NIKE in a research note on Monday, March 17th. Finally, Robert W. Baird dropped their price objective on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NIKE currently has an average rating of "Moderate Buy" and an average target price of $83.19.

Insider Activity at NIKE

In related news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $58.46 per share, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction on 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 completion of the transaction, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

NIKE Stock Up 2.0 %

NKE traded up $1.14 on Thursday, hitting $58.53. 14,425,432 shares of the company were exchanged, compared to its average volume of 14,345,989. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market cap of $86.57 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The firm has a 50-day moving average price of $67.15 and a two-hundred day moving average price of $73.17. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business's quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. NIKE's payout ratio is currently 53.16%.

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.