2,920 Shares in NIKE, Inc. $NKE Bought by Wealth Advisors of Iowa LLC

Wealth Advisors of Iowa LLC bought a new stake in NIKE, Inc. (NYSE:NKE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,920 shares of the footwear maker’s stock, valued at approximately $207,000.

A number of other large investors have also made changes to their positions in NKE. Swiss National Bank lifted its stake in shares of NIKE by 7.0% in the 2nd quarter. Swiss National Bank now owns 3,566,300 shares of the footwear maker’s stock worth $253,350,000 after purchasing an additional 234,600 shares during the period. Personal CFO Solutions LLC increased its holdings in NIKE by 6.7% during the second quarter. Personal CFO Solutions LLC now owns 17,868 shares of the footwear maker’s stock valued at $1,269,000 after buying an additional 1,124 shares during the last quarter. ABN AMRO Bank N.V. bought a new position in NIKE in the second quarter worth approximately $256,000. Prudential PLC grew its position in shares of NIKE by 21.4% during the 2nd quarter. Prudential PLC now owns 24,304 shares of the footwear maker’s stock valued at $1,727,000 after acquiring an additional 4,284 shares during the period. Finally, Miller Financial Services LLC purchased a new stake in shares of NIKE in the 2nd quarter worth $385,000. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the sale, the chairman directly owned 647,615 shares of the company’s stock, valued at $41,965,452. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jorgen Vig Knudstorp bought 16,150 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the acquisition, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NKE has been the subject of several recent research reports. DZ Bank raised NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a research note on Friday, October 10th. KeyCorp set a $90.00 target price on shares of NIKE and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Cowen upgraded shares of NIKE from a “hold” rating to a “buy” rating in a research report on Wednesday, September 10th. Finally, Weiss Ratings upgraded shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.24.

NIKE Stock Down 1.8%

NYSE NKE opened at $61.49 on Friday. The stock has a 50 day moving average price of $67.57 and a 200-day moving average price of $68.79. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The company has a market capitalization of $90.90 billion, a P/E ratio of 31.53, a P/E/G ratio of 2.41 and a beta of 1.29.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. NIKE’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. NIKE’s payout ratio is 82.05%.

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.