Whittier Trust Co. of Nevada Inc. Trims Position in NIKE, Inc. (NYSE:NKE)

Whittier Trust Co. of Nevada Inc. lessened its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,129 shares of the footwear maker's stock after selling 4,338 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in NIKE were worth $4,701,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NKE. JNBA Financial Advisors lifted its position in NIKE by 1.3% during the 4th 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 period. Frisch Financial Group Inc. increased its stake in shares of NIKE by 4.7% during the third quarter. Frisch Financial Group Inc. now owns 3,036 shares of the footwear maker's stock valued at $269,000 after purchasing an additional 136 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of NIKE by 0.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock valued at $1,547,000 after purchasing an additional 136 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of NIKE by 1.0% in the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock worth $1,136,000 after purchasing an additional 150 shares in the last quarter. Finally, Game Plan Financial Advisors LLC grew its stake in shares of NIKE by 11.1% in the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock worth $114,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

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NIKE Stock Performance

Shares of NKE stock traded down $0.79 on Wednesday, hitting $65.76. The company had a trading volume of 18,682,768 shares, compared to its average volume of 12,438,892. NIKE, Inc. has a twelve month low of $64.96 and a twelve month high of $98.04. 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 firm has a market cap of $97.26 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a 50-day moving average price of $74.52 and a 200-day moving average price of $77.21.

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

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's payout ratio is 53.16%.

Insider Activity

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business's stock in a transaction on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm'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 completion of the transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on NKE shares. China Renaissance initiated coverage on NIKE in a report on Wednesday, March 19th. They issued a "hold" rating on the stock. Needham & Company LLC cut their price objective on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Telsey Advisory Group restated a "market perform" rating and set a $80.00 price objective on shares of NIKE in a research note on Monday, March 17th. Royal Bank of Canada lowered their price objective on NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Friday, March 21st. Finally, Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. 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 company's stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.38.

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.