NIKE, Inc. (NYSE:NKE) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,927 shares of the footwear maker's stock after selling 12,364 shares during the period. MML Investors Services LLC's holdings in NIKE were worth $11,723,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JNBA Financial Advisors boosted its stake in NIKE by 1.3% in the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after buying an additional 131 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in NIKE by 0.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after buying an additional 136 shares during the last quarter. Elgethun Capital Management boosted its stake in NIKE by 13.7% in the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after buying an additional 149 shares during the last quarter. GAMMA Investing LLC boosted its stake in NIKE by 1.0% in the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock worth $1,136,000 after buying an additional 150 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in NIKE by 11.1% in the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock worth $114,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Down 1.4 %

NKE traded down $0.82 during trading on Friday, hitting $57.66. The company had a trading volume of 17,132,246 shares, compared to its average volume of 14,426,587. The company has a market cap of $85.29 billion, a PE ratio of 17.80, a P/E/G ratio of 2.52 and a beta of 1.15. The business has a 50-day moving average of $66.75 and a 200-day moving average of $72.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 1-year low of $52.28 and a 1-year 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued 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 2.77%. NIKE's dividend payout ratio (DPR) is 53.16%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of brokerages have issued reports on NKE. Stifel Nicolaus decreased their price target on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Cfra Research raised NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Morgan Stanley cut their price objective on NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. cut their price objective on NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, The Goldman Sachs Group cut their price objective on NIKE from $88.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Sixteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE has an average rating of "Moderate Buy" and an average target price of $82.81.

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.