Stokes Capital Advisors LLC Sells 516 Shares of NIKE, Inc. (NYSE:NKE)

Stokes Capital Advisors LLC decreased its holdings in NIKE, Inc. (NYSE:NKE) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,906 shares of the footwear maker’s stock after selling 516 shares during the period. Stokes Capital Advisors LLC’s holdings in NIKE were worth $6,006,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Piscataqua Savings Bank lifted its holdings in shares of NIKE by 2.1% in the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after acquiring an additional 100 shares during the last quarter. Physicians Financial Services Inc. lifted its holdings in shares of NIKE by 0.6% in the 4th quarter. Physicians Financial Services Inc. now owns 16,077 shares of the footwear maker’s stock valued at $1,745,000 after acquiring an additional 100 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in shares of NIKE by 4.0% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 2,599 shares of the footwear maker’s stock valued at $282,000 after acquiring an additional 100 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in NIKE by 0.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 25,568 shares of the footwear maker’s stock worth $2,776,000 after purchasing an additional 100 shares during the last quarter. Finally, Claro Advisors LLC lifted its stake in NIKE by 0.8% in the fourth quarter. Claro Advisors LLC now owns 12,227 shares of the footwear maker’s stock worth $1,327,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NKE. Wells Fargo & Company decreased their price objective on shares of NIKE from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. Bank of America decreased their price objective on shares of NIKE from $113.00 to $104.00 and set a “buy” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $115.00 price objective on shares of NIKE in a research note on Thursday, June 13th. Telsey Advisory Group decreased their price objective on shares of NIKE from $115.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Sanford C. Bernstein decreased their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $102.89.

Insider Activity

In other news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the sale, the vice president now directly owns 730 shares of the company’s stock, valued at $68,357.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the sale, the vice president now directly owns 730 shares of the company’s stock, valued at $68,357.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The disclosure for this sale can be found here. Insiders have sold 213,660 shares of company stock valued at $19,946,333 over the last ninety days. 0.50% of the stock is currently owned by insiders.

NIKE Stock Down 19.0 %

NYSE NKE traded down $17.90 on Friday, hitting $76.29. The stock had a trading volume of 61,447,519 shares, compared to its average volume of 9,709,976. The business’s fifty day moving average price is $93.70 and its 200 day moving average price is $99.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. NIKE, Inc. has a 52-week low of $75.75 and a 52-week high of $123.39. The stock has a market cap of $115.15 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts anticipate that NIKE, Inc. will post 3.81 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.94%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio is currently 43.53%.

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.