Sanibel Captiva Trust Company Inc. Boosts Stock Position in NIKE, Inc. (NYSE:NKE)

Sanibel Captiva Trust Company Inc. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,864 shares of the footwear maker's stock after purchasing an additional 8,102 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in NIKE were worth $11,416,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Alhambra Investment Management LLC grew its stake in NIKE by 63.4% in the 4th quarter. Alhambra Investment Management LLC now owns 4,852 shares of the footwear maker's stock valued at $367,000 after acquiring an additional 1,882 shares during the period. Verity & Verity LLC acquired a new stake in shares of NIKE in the fourth quarter valued at about $429,000. Arkadios Wealth Advisors grew its position in shares of NIKE by 7.6% in the fourth quarter. Arkadios Wealth Advisors now owns 22,403 shares of the footwear maker's stock valued at $1,695,000 after purchasing an additional 1,587 shares during the period. Canoe Financial LP raised its position in shares of NIKE by 1.1% during the 4th quarter. Canoe Financial LP now owns 111,720 shares of the footwear maker's stock worth $8,454,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in NIKE by 28.5% in the 4th quarter. Brooklyn Investment Group now owns 5,092 shares of the footwear maker's stock valued at $385,000 after buying an additional 1,130 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Trading Down 0.3 %

Shares of NYSE NKE traded down $0.22 during trading on Friday, reaching $70.89. The stock had a trading volume of 9,688,434 shares, compared to its average volume of 11,668,856. The business's 50-day moving average price is $75.77 and its 200-day moving average price is $77.92. NIKE, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43. 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 cap of $104.85 billion, a P/E ratio of 21.88, a PEG ratio of 2.26 and a beta of 1.02.

NIKE (NYSE:NKE - Get Free Report) last released 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. The company had revenue of $12.35 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $1.03 EPS. On average, equities research analysts predict that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change 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 is 49.38%.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on NKE. Stifel Nicolaus reduced their target price on NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a report on Friday, December 20th. DA Davidson raised NIKE to a "strong-buy" rating in a research note on Monday, December 23rd. Evercore ISI lowered their target price on shares of NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Robert W. Baird reduced their target price on shares of NIKE from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of NIKE from $77.00 to $73.00 and set a "neutral" rating on the stock in a research note on Monday, December 2nd. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.96.

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.