Fundsmith LLP Decreases Holdings in NIKE, Inc. (NYSE:NKE)

Fundsmith LLP trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,135,629 shares of the footwear maker's stock after selling 163,864 shares during the quarter. NIKE makes up about 2.0% of Fundsmith LLP's investment portfolio, making the stock its 17th largest holding. Fundsmith LLP owned approximately 0.41% of NIKE worth $464,283,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in NIKE during the fourth quarter valued at approximately $28,000. Caitlin John LLC grew its position in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares during the period. Roxbury Financial LLC bought a new stake in NIKE during the fourth quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA grew its position in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. purchased a new position in NIKE during the fourth quarter valued at approximately $30,000. 64.25% of the stock is currently owned by institutional investors.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This trade represents a 15.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NKE shares. Dbs Bank raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Needham & Company LLC lowered their price target on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Stifel Nicolaus lowered their target price on shares of NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Berenberg Bank started coverage on shares of NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price on the stock. Seventeen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.48.

NIKE Trading Down 1.0%

Shares of NYSE NKE traded down $0.56 during mid-day trading on Friday, reaching $58.35. The company had a trading volume of 13,927,237 shares, compared to its average volume of 14,709,636. The business's 50-day moving average is $62.52 and its 200-day moving average is $71.20. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a market cap of $86.31 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 2.74%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is presently 53.16%.

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.