Stonehage Fleming Financial Services Holdings Ltd Sells 377,202 Shares of NIKE, Inc. (NYSE:NKE)

Stonehage Fleming Financial Services Holdings Ltd reduced its position in shares of NIKE, Inc. (NYSE:NKE) by 98.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,642 shares of the footwear maker’s stock after selling 377,202 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in NIKE were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NKE. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in NIKE by 7.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 20,737 shares of the footwear maker’s stock valued at $1,569,000 after buying an additional 1,449 shares during the period. Regatta Capital Group LLC grew its position in shares of NIKE by 10.7% during the 4th quarter. Regatta Capital Group LLC now owns 34,216 shares of the footwear maker’s stock valued at $2,589,000 after acquiring an additional 3,314 shares during the period. Jamison Private Wealth Management Inc. increased its stake in shares of NIKE by 5.0% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 8,475 shares of the footwear maker’s stock worth $641,000 after purchasing an additional 404 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in NIKE by 30.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 78,606 shares of the footwear maker’s stock worth $5,948,000 after purchasing an additional 18,553 shares during the period. Finally, Duncan Williams Asset Management LLC purchased a new position in NIKE during the fourth quarter valued at $247,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Jefferies Financial Group raised their price objective on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Stifel Nicolaus dropped their price objective on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. TD Cowen lowered their price target on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Finally, Telsey Advisory Group cut shares of NIKE from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.96.

NIKE Trading Down 0.9 %

Shares of NIKE stock opened at $73.60 on Monday. The firm has a fifty day moving average price of $75.45 and a 200 day moving average price of $77.90. The stock has a market cap of $108.86 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02. NIKE, Inc. has a 1 year low of $70.32 and a 1 year high of $107.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period last year, the business earned $1.03 earnings per share. NIKE’s quarterly revenue was down 7.7% on a year-over-year basis. Equities research analysts predict that NIKE, Inc. will post 2.1 earnings per share for the current year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. NIKE’s dividend payout ratio is 49.38%.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

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.