Coston McIsaac & Partners Acquires 2,005 Shares of NIKE, Inc. (NYSE:NKE)

Coston McIsaac & Partners increased its holdings in NIKE, Inc. (NYSE:NKE) by 265.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,760 shares of the footwear maker’s stock after purchasing an additional 2,005 shares during the quarter. Coston McIsaac & Partners’ holdings in NIKE were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NKE. Moneta Group Investment Advisors LLC grew its stake in shares of NIKE by 139,649.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock worth $1,967,325,000 after purchasing an additional 16,801,276 shares during the last quarter. Norges Bank bought a new stake in NIKE during the 4th quarter valued at approximately $1,345,203,000. Newport Trust Company LLC bought a new stake in NIKE during the 3rd quarter valued at approximately $679,775,000. Morgan Stanley boosted its position in NIKE by 26.4% during the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after acquiring an additional 6,410,744 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its position in NIKE by 433.5% during the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after acquiring an additional 3,354,677 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

Shares of NKE traded down $0.62 during midday trading on Wednesday, hitting $90.33. 8,863,597 shares of the company traded hands, compared to its average volume of 9,460,749. The firm has a 50 day moving average of $100.85 and a 200-day moving average of $103.57. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68. The stock has a market cap of $137.47 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. On average, analysts forecast that NIKE, Inc. will post 3.71 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.37 per share. 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 is 43.53%.

Analyst Upgrades and Downgrades

NKE has been the topic of several research reports. HSBC cut their price objective on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. DZ Bank raised NIKE from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Tuesday, December 12th. Sanford C. Bernstein dropped their price target on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Williams Trading reissued a “sell” rating and issued a $85.00 price target (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. Finally, Bank of America decreased their price objective on shares of NIKE from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.52.

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.