Community Trust & Investment Co. Has $9.37 Million Stake in NIKE, Inc. (NYSE:NKE)

Community Trust & Investment Co. cut its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,827 shares of the footwear maker's stock after selling 19,355 shares during the quarter. Community Trust & Investment Co.'s holdings in NIKE were worth $9,370,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. J.W. Cole Advisors Inc. increased its position in shares of NIKE by 5.1% during the second quarter. J.W. Cole Advisors Inc. now owns 11,171 shares of the footwear maker's stock valued at $842,000 after purchasing an additional 543 shares during the period. Angeles Investment Advisors LLC bought a new stake in NIKE in the second quarter valued at $319,000. Massachusetts Financial Services Co. MA grew its position in NIKE by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,025,616 shares of the footwear maker's stock valued at $454,151,000 after acquiring an additional 52,500 shares during the period. One Capital Management LLC grew its position in NIKE by 103.3% in the second quarter. One Capital Management LLC now owns 11,519 shares of the footwear maker's stock valued at $868,000 after acquiring an additional 5,854 shares during the period. Finally, Citizens Financial Group Inc. RI grew its position in NIKE by 31.1% in the second quarter. Citizens Financial Group Inc. RI now owns 95,466 shares of the footwear maker's stock valued at $7,205,000 after acquiring an additional 22,620 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm's stock in a transaction on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

NKE has been the topic of several research analyst reports. Robert W. Baird decreased their target price on NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus decreased their target price on NIKE from $79.00 to $75.00 and set a "hold" rating on the stock in a report on Friday, December 20th. UBS Group restated a "neutral" rating and set a $73.00 target price on shares of NIKE in a report on Thursday, December 26th. Guggenheim decreased their target price on NIKE from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, October 2nd. Finally, Bank of America decreased their target price on NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.96.

NIKE Stock Down 0.2 %

Shares of NYSE NKE traded down $0.13 during mid-day trading on Wednesday, reaching $71.04. 13,450,153 shares of the company's stock were exchanged, compared to its average volume of 13,185,806. The firm has a market capitalization of $105.08 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.89 and a beta of 1.02. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $76.05 and a 200 day simple moving average of $78.06. NIKE, Inc. has a twelve month low of $70.53 and a twelve month high of $107.43.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE's revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, equities analysts expect that NIKE, Inc. will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, December 2nd. This is an increase from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. NIKE's dividend payout ratio (DPR) 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.