Sumitomo Life Insurance Co. raised its holdings in shares of Nike Inc (NYSE:NKE) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,814 shares of the footwear maker’s stock after acquiring an additional 2,125 shares during the period. Sumitomo Life Insurance Co.’s holdings in Nike were worth $3,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Private Ocean LLC lifted its stake in shares of Nike by 38.8% in the 3rd quarter. Private Ocean LLC now owns 2,376 shares of the footwear maker’s stock valued at $224,000 after purchasing an additional 664 shares during the period. Boston Advisors LLC lifted its stake in shares of Nike by 12.6% in the 3rd quarter. Boston Advisors LLC now owns 101,036 shares of the footwear maker’s stock valued at $9,489,000 after purchasing an additional 11,298 shares during the period. Klingenstein Fields & Co. LLC lifted its stake in shares of Nike by 8.9% in the 3rd quarter. Klingenstein Fields & Co. LLC now owns 6,857 shares of the footwear maker’s stock valued at $644,000 after purchasing an additional 560 shares during the period. MidWestOne Financial Group Inc. acquired a new position in shares of Nike in the 2nd quarter valued at $222,000. Finally, Resources Management Corp CT ADV acquired a new position in shares of Nike in the 3rd quarter valued at $144,000. Institutional investors and hedge funds own 65.08% of the company’s stock.

In other news, Director Peter B. Henry sold 2,416 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $101.14, for a total transaction of $244,354.24. Following the completion of the sale, the director now owns 4,046 shares of the company’s stock, valued at $409,212.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Monique S. Matheson sold 8,500 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $105.00, for a total transaction of $892,500.00. The disclosure for this sale can be found here. Insiders have sold 486,416 shares of company stock valued at $47,551,974 in the last ninety days. Insiders own 3.80% of the company’s stock.

NKE has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $110.00 target price (up from $100.00) on shares of Nike in a research note on Wednesday, December 11th. Consumer Edge initiated coverage on shares of Nike in a research note on Friday, December 27th. They issued an “overweight” rating and a $110.00 target price for the company. Oppenheimer boosted their target price on shares of Nike from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group reiterated a “neutral” rating and issued a $97.00 target price on shares of Nike in a research note on Wednesday, January 1st. Finally, ValuEngine cut shares of Nike from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $106.25.

NYSE:NKE traded down $1.18 during trading hours on Friday, reaching $101.84. 2,206,266 shares of the company were exchanged, compared to its average volume of 4,559,038. Nike Inc has a twelve month low of $77.07 and a twelve month high of $105.62. The firm has a market cap of $162.73 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 2.49 and a beta of 0.84. The stock’s 50-day moving average is $100.73 and its 200-day moving average is $91.62. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66.

Nike (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.12. Nike had a net margin of 11.21% and a return on equity of 50.03%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.09 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, research analysts anticipate that Nike Inc will post 3.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.245 per share. This is a positive change from Nike’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.96%. Nike’s dividend payout ratio is presently 39.36%.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Further Reading: How to build a Fibonacci channel

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.