United Capital Financial Advisors LLC Trims Stake in NIKE, Inc. (NYSE:NKE)

United Capital Financial Advisors LLC reduced its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,114 shares of the footwear maker's stock after selling 10,016 shares during the period. United Capital Financial Advisors LLC's holdings in NIKE were worth $17,488,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter valued at about $28,000. Caitlin John LLC lifted its holdings in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of NIKE during the fourth quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA grew its holdings in 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 buying an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in NIKE during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now directly 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on 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 transaction, the chairman now directly owns 896,632 shares in the company, valued at $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. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NKE. Morgan Stanley reduced their price objective on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus reduced their price target on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a research report on Monday, March 17th. Guggenheim reissued a "buy" rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Finally, China Renaissance assumed coverage on shares of NIKE in a report on Wednesday, March 19th. They issued a "hold" rating on the stock. Sixteen 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.com, NIKE presently has a consensus rating of "Moderate Buy" and an average target price of $85.15.

NIKE Trading Up 4.1 %

Shares of NKE stock traded up $2.18 on Friday, hitting $55.73. 18,891,139 shares of the company's stock traded hands, compared to its average volume of 14,180,177. The company's fifty day simple moving average is $68.71 and its 200 day simple moving average is $74.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The stock has a market capitalization of $82.44 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. Equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. NIKE's dividend payout ratio is currently 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.