Venturi Wealth Management LLC Has $550,000 Holdings in NIKE, Inc. (NYSE:NKE)

Venturi Wealth Management LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 355.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,263 shares of the footwear maker's stock after buying an additional 5,669 shares during the period. Venturi Wealth Management LLC's holdings in NIKE were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in NKE. Garrison Point Advisors LLC raised its position in shares of 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. PSI Advisors LLC increased its stake in NIKE by 26.3% during the 3rd quarter. PSI Advisors LLC now owns 624 shares of the footwear maker's stock worth $55,000 after buying an additional 130 shares in the last quarter. JNBA Financial Advisors raised its holdings in shares of NIKE by 1.3% during the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock valued at $760,000 after acquiring an additional 131 shares during the last quarter. Frisch Financial Group Inc. lifted its position in shares of NIKE by 4.7% in the third quarter. Frisch Financial Group Inc. now owns 3,036 shares of the footwear maker's stock valued at $269,000 after acquiring an additional 136 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of NIKE by 0.7% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after acquiring an additional 136 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NKE has been the topic of several recent research reports. Truist Financial lowered their target price on shares of NIKE from $97.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Evercore ISI lowered their price target on shares of NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Guggenheim restated a "buy" rating and set a $110.00 price target on shares of NIKE in a research report on Wednesday, February 12th. Stifel Nicolaus lowered their price target on shares of NIKE from $79.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, December 20th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $80.00 price target on shares of NIKE in a research report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.62.

Insider Activity

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business's stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, 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. Company insiders own 1.10% of the company's stock.

NIKE Stock Down 1.6 %

NKE stock traded down $1.25 during midday trading on Friday, hitting $75.98. 6,990,331 shares of the company's stock were exchanged, compared to its average volume of 13,038,988. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $106.62. The firm has a 50 day moving average price of $74.33 and a 200-day moving average price of $78.05. The stock has a market capitalization of $112.38 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the business earned $1.03 EPS. NIKE's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. NIKE's dividend payout ratio (DPR) is 49.38%.

About NIKE

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.