NIKE, Inc. (NYSE:NKE) Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lowered its position in NIKE, Inc. (NYSE:NKE - Free Report) by 16.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,124 shares of the footwear maker's stock after selling 3,874 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in NIKE were worth $1,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garrison Point Advisors LLC boosted its stake in NIKE by 1.9% during the 3rd quarter. Garrison Point Advisors LLC now owns 6,704 shares of the footwear maker's stock worth $593,000 after purchasing an additional 126 shares during the last quarter. Stephens Consulting LLC lifted its stake in shares of NIKE by 20.0% in the third quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker's stock worth $68,000 after buying an additional 128 shares in the last quarter. PSI Advisors LLC boosted its position in NIKE by 26.3% during the third quarter. PSI Advisors LLC now owns 624 shares of the footwear maker's stock worth $55,000 after acquiring an additional 130 shares during the last quarter. Chapin Davis Inc. grew its stake in NIKE by 1.2% during the 3rd quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker's stock valued at $1,010,000 after acquiring an additional 133 shares in the last quarter. Finally, Meridian Financial Partners LLC raised its holdings in NIKE by 1.6% in the 3rd quarter. Meridian Financial Partners LLC now owns 8,396 shares of the footwear maker's stock valued at $742,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NKE shares. DA Davidson upgraded NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Telsey Advisory Group lowered NIKE from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $93.00 to $80.00 in a research note on Friday, December 20th. Morgan Stanley dropped their target price on NIKE from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. reduced their price target on NIKE from $77.00 to $73.00 and set a "neutral" rating on the stock in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a report on Monday, December 16th. Fourteen investment 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.96.

NIKE Stock Down 0.3 %

NKE stock traded down $0.22 during mid-day trading on Friday, reaching $70.89. The company had a trading volume of 9,688,434 shares, compared to its average volume of 11,668,856. The firm has a fifty day simple moving average of $75.87 and a 200 day simple moving average of $77.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The company has a market capitalization of $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. NIKE, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion for the quarter, compared to analysts' expectations of $12.11 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm's revenue was down 7.7% compared to the same quarter last year. Analysts forecast that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. NIKE's dividend payout ratio (DPR) is currently 49.38%.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm's stock in a transaction on Friday, December 27th. The stock was bought at an average price 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 of the company's stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

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.