NIKE, Inc. (NYSE:NKE) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 36.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,974,315 shares of the footwear maker's stock after selling 1,124,103 shares during the period. Vontobel Holding Ltd. owned 0.13% of NIKE worth $125,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in 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 grew its holdings in NIKE by 1.4% in 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 purchasing an additional 347,178 shares during the last quarter. Capital World Investors increased its position in shares of 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 purchasing an additional 2,288,627 shares in the last quarter. Norges Bank purchased a new stake in shares of NIKE during the 4th quarter valued at $1,126,288,000. Finally, Northern Trust Corp lifted its holdings in shares of NIKE by 8.8% during the 4th quarter. Northern Trust Corp now owns 14,690,435 shares of the footwear maker's stock valued at $1,111,625,000 after purchasing an additional 1,183,641 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director owned 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

NIKE Price Performance

Shares of NIKE stock traded up $2.34 during trading hours on Tuesday, reaching $73.38. The stock had a trading volume of 27,492,625 shares, compared to its average volume of 15,460,588. The stock's 50 day moving average is $60.93 and its 200 day moving average is $67.40. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62. The firm has a market capitalization of $108.54 billion, a PE ratio of 33.97, a PEG ratio of 2.73 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the firm posted $0.99 earnings per share. The company's revenue was down 11.9% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.18%. NIKE's dividend payout ratio (DPR) is currently 53.16%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NKE shares. Wall Street Zen downgraded NIKE from a "hold" rating to a "sell" rating in a research note on Friday. Dbs Bank upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Berenberg Bank started coverage on shares of NIKE in a research report on Tuesday, April 15th. They set a "hold" rating and a $58.00 target price on the stock. Cfra Research raised shares of NIKE to a "moderate buy" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NIKE from $56.00 to $64.00 and gave the company a "neutral" rating in a report on Friday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $77.19.

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.