Bristol John W & Co. Inc. NY Has $92.47 Million Holdings in NIKE, Inc. (NYSE:NKE)

Bristol John W & Co. Inc. NY trimmed its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,222,018 shares of the footwear maker's stock after selling 38,973 shares during the period. NIKE makes up approximately 1.5% of Bristol John W & Co. Inc. NY's investment portfolio, making the stock its 29th largest position. Bristol John W & Co. Inc. NY owned about 0.08% of NIKE worth $92,470,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in NIKE by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after buying an additional 8,898,591 shares in the last quarter. Geode Capital Management LLC grew its stake in NIKE by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock worth $1,915,110,000 after buying an additional 347,178 shares in the last quarter. Capital World Investors grew its stake in NIKE by 10.3% during the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after buying an additional 2,288,627 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of NIKE by 18.1% in the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after purchasing an additional 3,121,929 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of NIKE during the 4th quarter valued at approximately $1,126,288,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Down 1.7%

NYSE NKE traded down $1.08 during trading hours on Wednesday, hitting $61.75. 9,774,113 shares of the company's stock were exchanged, compared to its average volume of 14,975,714. The firm has a market cap of $91.34 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.52 and a beta of 1.23. The stock has a 50-day simple moving average of $59.32 and a 200 day simple moving average of $69.89. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. On average, equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is 53.16%.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NKE shares. Stifel Nicolaus lowered their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Dbs Bank upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Robert W. Baird dropped their price target on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Citigroup cut their price objective on NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Truist Financial lowered their target price on NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a report on Friday, March 21st. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, NIKE has an average rating of "Moderate Buy" and an average price target of $80.26.

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.