My Personal CFO LLC Has $1.14 Million Holdings in NIKE, Inc. (NYSE:NKE)

My Personal CFO LLC cut its holdings in shares of NIKE, Inc. (NYSE:NKE) by 19.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,900 shares of the footwear maker’s stock after selling 3,122 shares during the period. My Personal CFO LLC’s holdings in NIKE were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC increased its position in shares of NIKE by 0.4% during the 1st quarter. Ascent Wealth Partners LLC now owns 28,513 shares of the footwear maker’s stock valued at $2,680,000 after purchasing an additional 115 shares during the last quarter. Condor Capital Management increased its position in shares of NIKE by 0.4% during the 1st quarter. Condor Capital Management now owns 26,079 shares of the footwear maker’s stock valued at $2,451,000 after purchasing an additional 116 shares during the last quarter. Lodestone Wealth Management LLC increased its position in shares of NIKE by 5.5% during the 1st quarter. Lodestone Wealth Management LLC now owns 2,248 shares of the footwear maker’s stock valued at $211,000 after purchasing an additional 118 shares during the last quarter. Nvwm LLC increased its position in shares of NIKE by 1.0% during the 1st quarter. Nvwm LLC now owns 11,568 shares of the footwear maker’s stock valued at $1,091,000 after purchasing an additional 120 shares during the last quarter. Finally, Stephens Consulting LLC increased its position in shares of NIKE by 20.0% during the 3rd quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker’s stock valued at $68,000 after purchasing an additional 128 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 0.3 %

NIKE stock traded up $0.24 during trading hours on Tuesday, reaching $81.72. The company had a trading volume of 4,198,739 shares, compared to its average volume of 11,644,807. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The company has a 50-day moving average price of $82.77 and a 200 day moving average price of $85.19. The firm has a market cap of $123.34 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.96 and a beta of 1.02. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. The business had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Equities analysts forecast that NIKE, Inc. will post 2.8 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.81%. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Insider Activity

In other news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the transaction, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NKE shares. KeyCorp reissued a “sector weight” rating on shares of NIKE in a report on Friday, June 28th. Wedbush cut their target price on NIKE from $115.00 to $97.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. Truist Financial upgraded NIKE from a “hold” rating to a “buy” rating and raised their target price for the stock from $83.00 to $97.00 in a research note on Thursday, October 10th. Stifel Nicolaus cut their target price on NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, The Goldman Sachs Group cut their target price on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.56.

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.