NIKE, Inc. (NYSE:NKE) Shares Sold by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC decreased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,176 shares of the footwear maker's stock after selling 21,334 shares during the quarter. Cordatus Wealth Management LLC's holdings in NIKE were worth $1,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NKE. Pacer Advisors Inc. raised its holdings in shares of NIKE by 6,029.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after buying an additional 6,709,985 shares during the period. Loomis Sayles & Co. L P grew its position in NIKE by 1,209,638.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker's stock valued at $575,342,000 after acquiring an additional 6,507,856 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in NIKE by 358.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock worth $228,165,000 after purchasing an additional 2,357,745 shares during the period. State Street Corp lifted its position in shares of NIKE by 3.3% during the third quarter. State Street Corp now owns 57,916,789 shares of the footwear maker's stock worth $5,140,796,000 after purchasing an additional 1,862,021 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of NIKE during the third quarter worth $148,635,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NKE shares. Guggenheim reaffirmed a "buy" rating and issued a $110.00 price target on shares of NIKE in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $84.00 target price on shares of NIKE in a research report on Friday, February 7th. TD Cowen decreased their price target on shares of NIKE from $78.00 to $73.00 and set a "hold" rating for the company in a research note on Monday, November 18th. BMO Capital Markets increased their price objective on NIKE from $92.00 to $95.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, DA Davidson raised NIKE to a "strong-buy" rating in a research report on Monday, December 23rd. Fifteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus target price of $88.62.

Insider Transactions at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the firm's stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

NIKE Stock Performance

NYSE:NKE traded down $0.73 during trading hours on Friday, hitting $76.50. 12,813,494 shares of the company were exchanged, compared to its average volume of 13,223,615. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $106.62. The stock has a market capitalization of $113.15 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.50 and a beta of 1.01. The company's 50 day moving average price is $74.33 and its 200-day moving average price is $78.05.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's payout ratio is 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.