NIKE, Inc. (NYSE:NKE) Stock Holdings Lessened by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,621,211 shares of the footwear maker's stock after selling 51,016 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of NIKE worth $102,914,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the 4th quarter worth approximately $28,000. EnRich Financial Partners LLC raised its stake in shares of NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after acquiring an additional 273 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its holdings in NIKE by 95.1% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock valued at $39,000 after purchasing an additional 250 shares in the last quarter. Putney Financial Group LLC acquired a new stake in NIKE during the 4th quarter valued at $40,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in NIKE during the 4th quarter valued at $42,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value 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 document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

NIKE Price Performance

Shares of NYSE NKE traded up $0.34 during trading on Tuesday, hitting $74.36. 2,969,501 shares of the company were exchanged, compared to its average volume of 15,055,408. The company has a market cap of $109.98 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.66 and a beta of 1.25. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62. The firm's fifty day moving average price is $65.49 and its 200 day moving average price is $67.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results 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 company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business's revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. On average, sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio is currently 74.07%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Hsbc Global Res upgraded NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Robert W. Baird lifted their price target on NIKE from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. HSBC upgraded NIKE from a "hold" rating to a "buy" rating and set a $80.00 price target for the company in a report on Friday, June 27th. Stifel Nicolaus reduced their price target on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Royal Bank Of Canada cut 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 given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and an average price target of $77.15.

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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