Whittier Trust Co. Decreases Stock Holdings in NIKE, Inc. (NYSE:NKE)

Whittier Trust Co. lowered its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 13.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,369 shares of the footwear maker's stock after selling 9,919 shares during the period. Whittier Trust Co.'s holdings in NIKE were worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NKE. Wellington Management Group LLP raised its stake in 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 buying an additional 8,898,591 shares during the period. Geode Capital Management LLC increased its holdings in shares of NIKE by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock valued at $1,915,110,000 after acquiring an additional 347,178 shares in the last quarter. Capital World Investors raised 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 during the period. Bank of New York Mellon Corp grew its position in NIKE by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker's stock valued at $1,332,331,000 after purchasing an additional 620,214 shares during the period. Finally, Norges Bank acquired a new position in NIKE during the fourth quarter worth $1,126,288,000. Institutional investors own 64.25% of the company's stock.

NIKE Price Performance

Shares of NIKE stock traded up $0.96 on Thursday, hitting $73.06. 5,774,750 shares of the company traded hands, compared to its average volume of 15,091,320. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. The company has a market cap of $108.07 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.64 and a beta of 1.25. The firm's 50-day simple moving average is $64.92 and its 200 day simple moving average is $67.30.

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, topping analysts' consensus estimates of $0.12 by $0.02. The firm 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 company's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. Analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 74.07%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NKE shares. DZ Bank lowered shares of NIKE from a "buy" rating to a "hold" rating and set a $76.00 target price on the stock. in a report on Thursday, July 10th. Bank of America lifted their price objective on shares of NIKE from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Evercore ISI lowered their target price on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Royal Bank Of Canada cut their price target on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 20th. Finally, Stifel Nicolaus decreased their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, NIKE has an average rating of "Moderate Buy" and an average target price 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.