Wills Financial Group Inc. Has $1.46 Million Position in NIKE, Inc. (NYSE:NKE)

Wills Financial Group Inc. lessened its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 45.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,312 shares of the footwear maker's stock after selling 16,311 shares during the period. Wills Financial Group Inc.'s holdings in NIKE were worth $1,461,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Johnson Financial Group Inc. raised its stake in shares of NIKE by 33.4% in the 4th quarter. Johnson Financial Group Inc. now owns 6,439 shares of the footwear maker's stock valued at $495,000 after acquiring an additional 1,613 shares during the period. Arkos Global Advisors acquired a new position in NIKE in the 4th quarter worth $319,000. UP Strategic Wealth Investment Advisors LLC lifted its holdings in NIKE by 21.0% in the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 3,084 shares of the footwear maker's stock worth $233,000 after buying an additional 536 shares in the last quarter. Topsail Wealth Management LLC acquired a new stake in shares of NIKE during the fourth quarter valued at about $278,000. Finally, Integrated Wealth Concepts LLC increased its position in shares of NIKE by 46.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 25,346 shares of the footwear maker's stock worth $1,918,000 after acquiring an additional 7,998 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was bought 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 in the company, valued at $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. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on NKE shares. BMO Capital Markets reduced their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and increased their target price for the company from $75.00 to $115.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. reduced their target price on NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company reduced their target price on NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Finally, Robert W. Baird reduced their target price on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Sixteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $82.26.

NIKE Stock Performance

Shares of NKE traded down $0.28 during trading hours on Monday, reaching $57.34. 13,310,969 shares of the company's stock traded hands, compared to its average volume of 14,422,162. The firm has a market capitalization of $84.81 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The business's fifty day simple moving average is $66.75 and its two-hundred day simple moving average is $72.88.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion for 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%. The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, March 3rd. NIKE's payout ratio is currently 53.16%.

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.