Philadelphia Trust Co. Lowers Position in NIKE, Inc. (NYSE:NKE)

Philadelphia Trust Co. reduced its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 49.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,176 shares of the footwear maker's stock after selling 43,041 shares during the period. Philadelphia Trust Co.'s holdings in NIKE were worth $3,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the fourth quarter valued at about $28,000. Caitlin John LLC boosted its holdings in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares during the period. Roxbury Financial LLC acquired a new position in shares of NIKE during the 4th quarter worth approximately $30,000. LFA Lugano Financial Advisors SA increased its holdings in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $30,000. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction dated 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 sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NKE. Royal Bank of Canada decreased their price objective on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research note on Friday, March 21st. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a research note on Monday, March 17th. Bank of America decreased their target price on shares of NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Jefferies Financial Group upgraded shares of NIKE from a "hold" rating to a "buy" rating and boosted their price target for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Finally, Citigroup cut shares of NIKE from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $102.00 to $72.00 in a research report on Friday, February 7th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.19.

NIKE Stock Up 1.8 %

NKE stock traded up $0.98 during trading on Monday, reaching $55.37. The stock had a trading volume of 28,325,386 shares, compared to its average volume of 14,093,487. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $81.90 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The company's 50 day moving average is $70.03 and its two-hundred day moving average is $74.83.

NIKE (NYSE:NKE - Get Free Report) last issued 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the business posted $0.98 earnings per share. NIKE's revenue was down 9.1% on a year-over-year basis. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio is 53.16%.

NIKE 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.