National Pension Service Has $178.64 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Key Points

• The National Pension Service increased its stake in **NIKE, Inc.** by **7.9%** in the first quarter, holding **2,814,049 shares** valued at approximately **$178.64 million**.
• The company announced a **quarterly dividend of $0.40 per share**, with an ex-dividend date on **September 2nd**, translating to an **annual yield of 2.1%**.

National Pension Service boosted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,814,049 shares of the footwear maker's stock after purchasing an additional 205,862 shares during the period. National Pension Service owned 0.19% of NIKE worth $178,636,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of NIKE by 344.2% in the first quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker's stock valued at $1,694,842,000 after buying an additional 20,688,013 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of NIKE in the first quarter valued at approximately $509,051,000. Nuveen LLC acquired a new stake in shares of NIKE in the first quarter valued at approximately $502,285,000. Vanguard Group Inc. lifted its position in shares of NIKE by 4.6% in the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker's stock valued at $7,182,831,000 after buying an additional 4,957,494 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of NIKE by 10.3% in the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock valued at $1,857,389,000 after buying an additional 2,288,627 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Trading Up 3.2%

Shares of NKE opened at $77.28 on Thursday. The firm has a market cap of $114.13 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.72 and a beta of 1.27. 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 business's fifty day moving average is $70.49 and its 200-day moving average is $67.67. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. Equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. NIKE's dividend payout ratio (DPR) is 74.07%.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the sale, the chairman owned 842,361 shares of the company's stock, valued at $60,894,276.69. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. HSBC raised 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, June 27th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $70.00 price objective on shares of NIKE in a research report on Friday, June 27th. Wells Fargo & Company raised their price objective on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Needham & Company LLC lifted their price target on NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and an average price target of $78.22.

NIKE Company 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.

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