KCM Investment Advisors LLC Sells 7,011 Shares of NIKE, Inc. (NYSE:NKE)

KCM Investment Advisors LLC lessened its position in NIKE, Inc. (NYSE:NKE) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,649 shares of the footwear maker’s stock after selling 7,011 shares during the period. KCM Investment Advisors LLC’s holdings in NIKE were worth $9,735,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitlin John LLC grew its stake in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Heck Capital Advisors LLC acquired a new stake in NIKE during the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in NIKE in the fourth quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA lifted its stake in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after buying an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in shares of NIKE in the fourth quarter valued at approximately $30,000. 64.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Guggenheim restated a “buy” rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Barclays decreased their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Telsey Advisory Group restated a “market perform” rating and issued a $80.00 target price on shares of NIKE in a research note on Monday, March 17th. Finally, Needham & Company LLC decreased their price target on shares of NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Fifteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $57.17 on Friday. The business’s 50 day moving average is $72.96 and its 200-day moving average is $76.33. The firm has a market cap of $84.57 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 1-year low of $52.50 and a 1-year high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. Equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE’s dividend payout ratio is currently 53.16%.

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.