Coston McIsaac & Partners Sells 3,423 Shares of NIKE, Inc. (NYSE:NKE)

Coston McIsaac & Partners decreased its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 56,275 shares of the footwear maker's stock after selling 3,423 shares during the period. NIKE makes up about 1.3% of Coston McIsaac & Partners' investment portfolio, making the stock its 27th largest position. Coston McIsaac & Partners' holdings in NIKE were worth $4,256,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new stake in shares of NIKE during the third quarter valued at approximately $30,000. VitalStone Financial LLC boosted its holdings in shares of NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock valued at $38,000 after acquiring an additional 150 shares during the period. Dunhill Financial LLC lifted its holdings in NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock worth $44,000 after purchasing an additional 169 shares during the period. Riverview Trust Co acquired a new stake in NIKE in the third quarter worth about $52,000. Finally, Catalyst Capital Advisors LLC bought a new stake in NIKE in the third quarter worth about $54,000. 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. bought 2,500 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley cut their price objective on NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft cut their price target on NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a report on Monday, December 16th. Robert W. Baird dropped their price objective on NIKE from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, December 23rd. Royal Bank of Canada dropped their price objective on NIKE from $82.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company dropped their price objective on NIKE from $95.00 to $92.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.96.

NIKE Stock Up 2.2 %

Shares of NYSE NKE traded up $1.70 during mid-day trading on Thursday, reaching $78.28. 10,894,537 shares of the company's stock were exchanged, compared to its average volume of 12,164,288. The firm has a market capitalization of $115.79 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.36 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. The business has a fifty day simple moving average of $75.55 and a 200 day simple moving average of $77.95. NIKE, Inc. has a twelve month low of $70.32 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 36.99% and a net margin of 9.98%. 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 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from NIKE's previous quarterly dividend of $0.37. NIKE's dividend payout ratio (DPR) is currently 49.38%.

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.