Nan Shan Life Insurance Co. Ltd. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 93.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 488,330 shares of the footwear maker’s stock after buying an additional 236,422 shares during the quarter. NIKE makes up approximately 1.4% of Nan Shan Life Insurance Co. Ltd.’s investment portfolio, making the stock its 21st largest position. Nan Shan Life Insurance Co. Ltd.’s holdings in NIKE were worth $69,084,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in NKE. Key Financial Inc acquired a new position in NIKE during the fourth quarter worth approximately $25,000. Adams Wealth Management acquired a new position in NIKE during the third quarter worth approximately $28,000. Tsfg LLC increased its position in NIKE by 583.3% during the fourth quarter. Tsfg LLC now owns 205 shares of the footwear maker’s stock worth $29,000 after buying an additional 175 shares during the last quarter. Addison Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth approximately $30,000. Finally, DB Wealth Management Group LLC bought a new stake in shares of NIKE during the fourth quarter worth approximately $30,000. 64.20% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Timothy D. Cook sold 52,000 shares of the firm’s stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $133.91, for a total value of $6,963,320.00. Following the transaction, the director now owns 55,433 shares of the company’s stock, valued at approximately $7,423,033.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Chris L. Abston sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 30th. The shares were sold at an average price of $142.16, for a total transaction of $2,843,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 444,500 shares of company stock worth $62,461,870 in the last three months. Insiders own 3.80% of the company’s stock.
Shares of NKE stock traded down $2.61 on Tuesday, reaching $134.06. 408,884 shares of the company were exchanged, compared to its average volume of 5,287,014. The company has a market cap of $211.34 billion, a price-to-earnings ratio of 78.10, a PEG ratio of 2.51 and a beta of 0.83. The company has a 50-day moving average of $141.23 and a 200-day moving average of $129.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.97. NIKE, Inc. has a one year low of $60.00 and a one year high of $147.95.
NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 17th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.15. The company had revenue of $11.24 billion for the quarter, compared to analysts’ expectations of $10.51 billion. NIKE had a net margin of 7.39% and a return on equity of 34.89%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 EPS. As a group, sell-side analysts predict that NIKE, Inc. will post 2.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Monday, March 1st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, February 26th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.82%. NIKE’s dividend payout ratio (DPR) is presently 59.46%.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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