Ballentine Partners LLC Buys 6,574 Shares of NIKE, Inc. (NYSE:NKE)

Ballentine Partners LLC lifted its stake in NIKE, Inc. (NYSE:NKEFree Report) by 26.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,204 shares of the footwear maker’s stock after acquiring an additional 6,574 shares during the period. Ballentine Partners LLC’s holdings in NIKE were worth $3,388,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vestcor Inc raised its holdings in shares of NIKE by 0.3% during the fourth quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock worth $3,508,000 after acquiring an additional 81 shares during the period. Excalibur Management Corp increased its holdings in NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock worth $492,000 after purchasing an additional 98 shares in the last quarter. M Holdings Securities Inc. increased its holdings in NIKE by 2.7% during the 1st quarter. M Holdings Securities Inc. now owns 3,775 shares of the footwear maker’s stock worth $463,000 after purchasing an additional 100 shares in the last quarter. Bond & Devick Financial Network Inc. raised its stake in shares of NIKE by 1.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 7,540 shares of the footwear maker’s stock valued at $721,000 after purchasing an additional 100 shares during the period. Finally, Baxter Bros Inc. lifted its holdings in shares of NIKE by 2.0% in the third quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock valued at $482,000 after purchasing an additional 100 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE Stock Performance

Shares of NYSE:NKE traded down $0.62 during trading on Wednesday, reaching $90.33. 8,807,955 shares of the stock were exchanged, compared to its average volume of 9,460,004. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The firm has a market cap of $137.47 billion, a PE ratio of 26.75, a PEG ratio of 1.73 and a beta of 1.08. The stock has a 50-day moving average price of $100.85 and a 200-day moving average price of $103.57. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKEGet Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Research analysts expect that NIKE, Inc. will post 3.71 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NKE shares. Williams Trading reaffirmed a “sell” rating and set a $85.00 price target (down from $92.00) on shares of NIKE in a research note on Monday, March 18th. Jefferies Financial Group decreased their price target on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Citigroup cut their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Finally, Raymond James boosted their target price on shares of NIKE from $121.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.52.

View Our Latest Stock Report on NKE

NIKE Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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