Tempus Wealth Planning LLC Has $340,000 Stock Position in NIKE, Inc. (NYSE:NKE)

Tempus Wealth Planning LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 40.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,622 shares of the footwear maker’s stock after acquiring an additional 1,043 shares during the quarter. Tempus Wealth Planning LLC’s holdings in NIKE were worth $340,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased its holdings in NIKE by 34.9% in the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after purchasing an additional 7,143,775 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of NIKE by 87.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after buying an additional 7,996,434 shares in the last quarter. Norges Bank bought a new position in NIKE in the fourth quarter valued at $1,315,097,000. Fisher Asset Management LLC increased its stake in NIKE by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after buying an additional 219,091 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of NIKE by 18.3% during the 3rd quarter. American Century Companies Inc. now owns 5,620,466 shares of the footwear maker’s stock worth $537,429,000 after buying an additional 870,423 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In related news, Director Robert Holmes Swan acquired 2,941 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of $77.02 per share, with a total value of $226,515.82. Following the acquisition, the director now owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert Holmes Swan purchased 2,941 shares of NIKE stock in a transaction dated Friday, June 28th. The stock was purchased at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the transaction, the director now directly owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the transaction, the vice president now owns 730 shares in the company, valued at $68,357.20. The disclosure for this sale can be found here. Insiders have sold a total of 213,660 shares of company stock valued at $19,946,333 over the last quarter. Company insiders own 0.50% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $75.24 on Friday. The stock’s 50 day moving average price is $91.81 and its 200-day moving average price is $97.90. The company has a market capitalization of $113.56 billion, a PE ratio of 20.17, a PEG ratio of 1.85 and a beta of 1.01. NIKE, Inc. has a twelve month low of $74.29 and a twelve month high of $123.39. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. During the same quarter last year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that NIKE, Inc. will post 3.29 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.97%. NIKE’s payout ratio is 39.68%.

Analyst Ratings Changes

Several analysts recently issued reports on NKE shares. Sanford C. Bernstein dropped their target price on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Barclays cut NIKE from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $109.00 to $80.00 in a research note on Friday, June 28th. StockNews.com downgraded shares of NIKE from a “buy” rating to a “hold” rating in a report on Friday, June 21st. The Goldman Sachs Group decreased their price objective on shares of NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Finally, Wedbush dropped their target price on shares of NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $97.19.

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.