National Pension Service Buys 40,366 Shares of NIKE, Inc. (NYSE:NKE)

National Pension Service grew its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,047,220 shares of the footwear maker's stock after buying an additional 40,366 shares during the period. National Pension Service owned 0.13% of NIKE worth $222,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Iron Horse Wealth Management LLC increased its position in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker's stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of NIKE during the fourth quarter worth about $29,000. Raleigh Capital Management Inc. increased its position in shares of NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker's stock worth $36,000 after purchasing an additional 216 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of NIKE during the third quarter worth about $37,000. Finally, Mizuho Securities Co. Ltd. increased its position in shares of NIKE by 100.0% during the fourth quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker's stock worth $37,000 after purchasing an additional 170 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now owns 44,997 shares of the company's stock, valued at $4,236,917.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on NKE shares. Williams Trading reiterated a "sell" rating and set a $85.00 target price (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Wells Fargo & Company dropped their price objective on shares of NIKE from $125.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. Bank of America raised shares of NIKE from a "neutral" rating to a "buy" rating and lifted their target price for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Evercore ISI cut their price target on shares of NIKE from $127.00 to $117.00 and set an "outperform" rating for the company in a report on Friday, March 22nd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of NIKE in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.26.

NIKE Trading Down 0.2 %

Shares of NKE traded down $0.20 on Thursday, hitting $93.39. 6,429,058 shares of the stock traded hands, compared to its average volume of 9,151,133. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $140.96 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.78 and a beta of 1.07. The stock's 50 day moving average is $95.07 and its two-hundred day moving average is $102.84. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $126.46.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, sell-side analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, June 3rd. NIKE's dividend payout ratio is currently 43.53%.

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.