Diversified Trust Co Purchases 5,947 Shares of NIKE, Inc. (NYSE:NKE)

Diversified Trust Co lifted its position in NIKE, Inc. (NYSE:NKE) by 34.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,138 shares of the footwear maker’s stock after acquiring an additional 5,947 shares during the quarter. Diversified Trust Co’s holdings in NIKE were worth $2,175,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NKE. Cim LLC bought a new position in shares of NIKE during the fourth quarter valued at approximately $14,275,000. TKG Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth $1,012,000. Louisiana State Employees Retirement System purchased a new stake in shares of NIKE during the fourth quarter valued at $8,034,000. Financial Gravity Asset Management Inc. grew its holdings in shares of NIKE by 2,332.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock worth $17,598,000 after purchasing an additional 176,476 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in NIKE by 4.3% in the 4th quarter. Brown Advisory Inc. now owns 4,668,949 shares of the footwear maker’s stock worth $506,908,000 after buying an additional 192,752 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NKE shares. Raymond James restated a “market perform” rating on shares of NIKE in a research note on Friday. UBS Group restated a “neutral” rating and set a $78.00 price objective on shares of NIKE in a report on Friday. Williams Trading reiterated a “sell” rating and issued a $85.00 target price (down from $92.00) on shares of NIKE in a report on Monday, March 18th. BMO Capital Markets cut their price target on NIKE from $118.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of NIKE in a research note on Friday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, NIKE has an average rating of “Hold” and an average price target of $98.96.

Insider Activity

In related news, Chairman Mark G. Parker sold 168,378 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the sale, the executive vice president now owns 44,997 shares in the company, valued at approximately $4,236,917.52. The disclosure for this sale can be found here. Insiders have sold 213,660 shares of company stock valued at $19,946,333 in the last ninety days. Insiders own 0.50% of the company’s stock.

NIKE Price Performance

Shares of NKE opened at $76.83 on Tuesday. The firm has a market capitalization of $115.96 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The company’s fifty day moving average price is $93.28 and its 200-day moving average price is $98.85. NIKE, Inc. has a 1-year low of $74.29 and a 1-year high of $123.39.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts predict that NIKE, Inc. will post 3.9 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s payout ratio is 39.68%.

NIKE Company 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.