IHT Wealth Management LLC Has $867,000 Stock Holdings in NIKE, Inc. (NYSE:NKE)

IHT Wealth Management LLC cut its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,454 shares of the footwear maker's stock after selling 7,246 shares during the quarter. IHT Wealth Management LLC's holdings in NIKE were worth $867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in NIKE during the fourth quarter worth approximately $1,126,288,000. Wellington Management Group LLP raised its position in shares of 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 purchasing an additional 8,898,591 shares during the period. Pacer Advisors Inc. boosted its position in shares of NIKE by 6,029.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock valued at $516,166,000 after purchasing an additional 6,709,985 shares during the period. Bank of New York Mellon Corp raised its holdings in NIKE by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock worth $1,541,246,000 after buying an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of NIKE by 1,302.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after acquiring an additional 2,416,601 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus dropped their price target on shares of NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and lifted their price target for the company from $75.00 to $115.00 in a report on Monday, February 24th. UBS Group cut their price target on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company cut their price objective on NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.26.

Insider Activity

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

NIKE Price Performance

NKE stock traded up $0.12 during trading on Tuesday, hitting $57.43. 3,271,079 shares of the stock traded hands, compared to its average volume of 14,378,942. 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 $84.95 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The company has a 50 day simple moving average of $66.36 and a 200 day simple moving average of $72.71.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.79%. NIKE's payout ratio is 53.16%.

About NIKE

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.