NIKE, Inc. (NYSE:NKE) Holdings Decreased by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,172 shares of the footwear maker’s stock after selling 1,144 shares during the period. Mmbg Investment Advisors CO.’s holdings in NIKE were worth $2,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Investor s Fiduciary Advisor Network LLC bought a new position in NIKE during the 4th quarter worth about $383,000. Janus Henderson Group PLC boosted its position in NIKE by 8.3% in the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker’s stock worth $460,160,000 after purchasing an additional 463,470 shares during the last quarter. Jasper Ridge Partners L.P. grew its stake in NIKE by 2.3% during the fourth quarter. Jasper Ridge Partners L.P. now owns 186,466 shares of the footwear maker’s stock valued at $14,110,000 after acquiring an additional 4,153 shares in the last quarter. Jefferies Financial Group Inc. increased its holdings in shares of NIKE by 663.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 322,422 shares of the footwear maker’s stock worth $24,398,000 after buying an additional 280,191 shares during the period. Finally, Geller Advisors LLC grew its holdings in NIKE by 56.2% in the fourth quarter. Geller Advisors LLC now owns 4,360 shares of the footwear maker’s stock worth $332,000 after purchasing an additional 1,569 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction that occurred 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 transaction, the chairman now directly 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. 1.10% of the stock is owned by corporate insiders.

NIKE Price Performance

Shares of NKE opened at $58.35 on Monday. The stock’s fifty day moving average is $62.52 and its 200-day moving average is $71.20. 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 firm has a market capitalization of $86.31 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Analyst Ratings Changes

Several analysts have recently weighed in on NKE shares. Royal Bank of Canada decreased their price target on shares of NIKE from $67.00 to $66.00 and set a “sector perform” rating for the company in a research note on Friday, March 21st. Morgan Stanley decreased 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. Robert W. Baird dropped their target price on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a report on Friday, March 21st. BMO Capital Markets cut their price objective on shares of NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Bank of America dropped their price target on shares of NIKE from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Seventeen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.48.

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.