Rockefeller Capital Management L.P. Has $39.42 Million Position in NIKE, Inc. (NYSE:NKE)

Rockefeller Capital Management L.P. increased its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,734 shares of the footwear maker's stock after acquiring an additional 10,903 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in NIKE were worth $39,419,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of NIKE during the fourth quarter valued at $1,126,288,000. Wellington Management Group LLP boosted its position in NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after acquiring an additional 8,898,591 shares during the period. Pacer Advisors Inc. grew its stake in NIKE by 6,029.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock valued at $516,166,000 after acquiring an additional 6,709,985 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NIKE by 18.1% in the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after purchasing an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of NIKE by 1,302.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

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Insider Buying and Selling at NIKE

In related news, 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 value of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

NKE has been the topic of a number of research analyst reports. Guggenheim reaffirmed a "buy" rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. BMO Capital Markets lowered their price target on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft cut their price objective on NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a report on Monday, December 16th. Barclays lowered their target price on NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Finally, Citigroup downgraded NIKE from a "buy" rating to a "neutral" rating and cut their price target for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and an average price target of $86.19.

NIKE Stock Performance

Shares of NYSE NKE traded up $0.98 during mid-day trading on Monday, hitting $55.37. The company had a trading volume of 28,325,386 shares, compared to its average volume of 14,093,492. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a market cap of $81.90 billion, a P/E ratio of 17.09, a PEG ratio of 2.52 and a beta of 1.15. The business's 50-day simple moving average is $69.65 and its 200-day simple moving average is $74.59.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. As a group, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

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

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.