Linscomb Wealth Inc. Acquires 468 Shares of NIKE, Inc. (NYSE:NKE)

Linscomb Wealth Inc. grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,642 shares of the footwear maker’s stock after buying an additional 468 shares during the period. Linscomb Wealth Inc.’s holdings in NIKE were worth $5,875,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Range Financial Group LLC bought a new position in NIKE during the fourth quarter worth $642,000. Cacti Asset Management LLC bought a new position in shares of NIKE during the 4th quarter worth about $9,987,000. Capricorn Fund Managers Ltd acquired a new stake in shares of NIKE in the 4th quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. raised its stake in NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock worth $1,955,000 after buying an additional 6,124 shares during the period. Finally, FNY Investment Advisers LLC raised its position in shares of NIKE by 5,745.9% during the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after purchasing an additional 8,504 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $79.86 on Friday. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $105.57. The business’s fifty day moving average is $74.59 and its 200 day moving average is $78.29. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a market cap of $118.13 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.52 and a beta of 1.01.

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 firm had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. Research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Insider Transactions at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated 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 transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the subject of a number of analyst reports. UBS Group reiterated a “neutral” rating and set a $73.00 price objective on shares of NIKE in a report on Thursday, December 26th. Stifel Nicolaus cut their price target on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a report on Monday, December 16th. Telsey Advisory Group restated a “market perform” rating and issued a $80.00 target price on shares of NIKE in a report on Wednesday, February 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $84.00 price target on shares of NIKE in a report on Friday, February 7th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $89.77.

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.