NIKE, Inc. (NYSE:NKE) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in NIKE, Inc. (NYSE:NKE) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,009,985 shares of the footwear maker’s stock after buying an additional 111,754 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.14% of NIKE worth $147,352,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NKE. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE in the third quarter valued at approximately $30,000. Caitlin John LLC boosted its stake in shares of 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 purchasing an additional 200 shares during the period. Heck Capital Advisors LLC acquired a new stake in NIKE during the 4th quarter valued at $28,000. Roxbury Financial LLC purchased a new stake in NIKE during the 4th quarter worth $30,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after buying an additional 210 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NKE shares. Morgan Stanley dropped their target price on NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada dropped their price objective on NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, March 21st. DA Davidson upgraded NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. China Renaissance started coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Fifteen research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.38.

NIKE Stock Performance

Shares of NKE opened at $65.87 on Friday. The firm has a fifty day moving average of $74.31 and a 200-day moving average of $77.05. The company has a market cap of $97.42 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 1 year low of $64.95 and a 1 year high of $98.04.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the business posted $0.98 EPS. NIKE’s revenue was down 9.1% on a year-over-year basis. As a group, equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

About NIKE

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.