4,791 Shares in NIKE, Inc. (NYSE:NKE) Purchased by JPL Wealth Management LLC

JPL Wealth Management LLC purchased a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,791 shares of the footwear maker's stock, valued at approximately $304,000.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after acquiring an additional 8,898,591 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NIKE by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock worth $1,915,110,000 after acquiring an additional 347,178 shares in the last quarter. Capital World Investors grew its position in NIKE by 10.3% during the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after purchasing an additional 2,288,627 shares during the last quarter. Bank of New York Mellon Corp grew its position in NIKE by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker's stock worth $1,332,331,000 after purchasing an additional 620,214 shares during the last quarter. Finally, Norges Bank purchased a new stake in NIKE during the 4th quarter worth approximately $1,126,288,000. Institutional investors own 64.25% of the company's stock.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the sale, the chairman directly owned 842,361 shares in the company, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

NIKE Stock Performance

NKE traded up $0.85 during trading on Friday, hitting $76.27. The stock had a trading volume of 7,148,164 shares, compared to its average volume of 19,919,176. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The firm has a market capitalization of $112.81 billion, a P/E ratio of 35.31, a PEG ratio of 2.77 and a beta of 1.25. The company's 50-day moving average price is $66.81 and its 200 day moving average price is $67.35. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business's revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. NIKE's payout ratio is currently 74.07%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NKE shares. JPMorgan Chase & Co. boosted their target price on shares of NIKE from $56.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research report on Friday, June 20th. Wall Street Zen downgraded shares of NIKE from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Williams Trading dropped their price objective on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, The Goldman Sachs Group upped their price objective on shares of NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $77.15.

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.