Waters Parkerson & CO. LLC Has $28.16 Million Holdings in NIKE, Inc. (NYSE:NKE)

Waters Parkerson & CO. LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 373,656 shares of the footwear maker’s stock after selling 1,325 shares during the quarter. NIKE accounts for approximately 1.5% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 26th largest position. Waters Parkerson & CO. LLC’s holdings in NIKE were worth $28,162,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cim LLC acquired a new position in NIKE during the 4th quarter worth approximately $14,275,000. TKG Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth $1,012,000. Spartan Planning & Wealth Management acquired a new position in shares of NIKE during the fourth quarter worth $182,000. Edmond DE Rothschild Holding S.A. lifted its stake in shares of NIKE by 27.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 113,299 shares of the footwear maker’s stock valued at $12,301,000 after acquiring an additional 24,686 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of NIKE by 86.0% in the 1st quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock valued at $1,970,000 after acquiring an additional 9,689 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 0.1 %

Shares of NIKE stock opened at $80.97 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $77.84 and a 200 day simple moving average of $87.23. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39. The company has a market capitalization of $122.21 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The firm had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that NIKE, Inc. will post 3.06 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.83%. NIKE’s dividend payout ratio is currently 39.68%.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the completion of the sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $80,419,507.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction dated 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 sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup lowered their target price on NIKE from $115.00 to $102.00 and set a “buy” rating for the company in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on NIKE from $115.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Raymond James reiterated a “market perform” rating on shares of NIKE in a report on Friday, June 28th. Jefferies Financial Group reduced their target price on shares of NIKE from $90.00 to $80.00 in a report on Friday, July 12th. Finally, Wells Fargo & Company dropped their price target on shares of NIKE from $115.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, June 28th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.33.

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.