Mmbg Investment Advisors CO. Buys 4,953 Shares of NIKE, Inc. (NYSE:NKE)

Mmbg Investment Advisors CO. raised its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 13.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,125 shares of the footwear maker's stock after purchasing an additional 4,953 shares during the period. Mmbg Investment Advisors CO.'s holdings in NIKE were worth $2,691,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NKE. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the 4th quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA raised its position in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares in the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of NIKE in the 4th quarter valued at approximately $30,000. EnRich Financial Partners LLC raised its position in shares of NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after buying an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC increased its position in NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Trading Up 15.3%

NYSE:NKE opened at $72.09 on Friday. The firm's fifty day moving average is $60.63 and its 200-day moving average is $67.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.19. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $90.62. The firm has a market cap of $106.63 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.64 and a beta of 1.21.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating analysts' consensus estimates 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 23.00%. The company's quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 EPS. Equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.22%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio is presently 53.16%.

Insider Buying and Selling

In related news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. HSBC upgraded shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 price objective for the company in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of NIKE from $56.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday. Williams Trading lowered their price objective on shares of NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Barclays upped their price objective on shares of NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Royal Bank Of Canada lowered their price objective on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

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.

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