Mitsubishi UFJ Asset Management Co. Ltd. Has $147.35 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,009,985 shares of the footwear maker's stock after purchasing an additional 111,754 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of NIKE worth $147,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Range Financial Group LLC bought a new position in NIKE in the fourth quarter valued at approximately $642,000. Cacti Asset Management LLC bought a new position in NIKE during the 4th quarter worth about $9,987,000. Capricorn Fund Managers Ltd acquired a new stake in shares of NIKE in the 4th quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of NIKE by 31.1% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after purchasing an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in shares of NIKE by 5,745.9% during the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock worth $654,000 after buying an additional 8,504 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Price Performance

NYSE NKE traded down $2.48 during midday trading on Friday, hitting $63.32. The company had a trading volume of 19,564,094 shares, compared to its average volume of 12,930,854. The firm has a 50-day moving average price of $74.16 and a 200-day moving average price of $76.93. The company has a market capitalization of $93.65 billion, a PE ratio of 19.54, a P/E/G ratio of 2.52 and a beta of 1.02. 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, Inc. has a twelve month low of $63.14 and a twelve month high of $98.04.

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NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.53%. NIKE's dividend payout ratio is 53.16%.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Guggenheim reaffirmed a "buy" rating and set a $110.00 price target on shares of NIKE in a research note on Wednesday, February 12th. Evercore ISI decreased their price objective on NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Royal Bank of Canada dropped their target price on NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company cut their price objective on NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Finally, Dbs Bank raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.38.

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.