NIKE, Inc. (NYSE:NKE) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont cut its position in shares of NIKE, Inc. (NYSE:NKE) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,369 shares of the footwear maker’s stock after selling 6,775 shares during the quarter. Trust Co. of Vermont’s holdings in NIKE were worth $6,157,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the business. Teachers Insurance & Annuity Association of America purchased a new position in shares of NIKE during the third quarter valued at approximately $30,000. VitalStone Financial LLC lifted its stake in shares of NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares during the period. Dunhill Financial LLC boosted its holdings in shares of NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after purchasing an additional 169 shares during the last quarter. Ecofi Investissements SA purchased a new stake in shares of NIKE in the second quarter valued at $49,000. Finally, Riverview Trust Co acquired a new position in NIKE in the third quarter valued at $52,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Down 0.3 %

Shares of NYSE:NKE traded down $0.22 on Friday, reaching $70.89. The company had a trading volume of 9,688,434 shares, compared to its average volume of 11,668,856. The stock has a market capitalization of $104.85 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.26 and a beta of 1.02. The stock has a 50-day moving average price of $75.87 and a 200 day moving average price of $77.96. NIKE, Inc. has a twelve month low of $70.32 and a twelve month high of $107.43. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. On average, equities analysts expect that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a dividend of $0.40 per share. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio is presently 49.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NKE shares. UBS Group restated a “neutral” rating and issued a $73.00 target price on shares of NIKE in a report on Thursday, December 26th. Guggenheim cut their price objective on NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, October 2nd. Stifel Nicolaus cut their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company lowered their price target on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Telsey Advisory Group downgraded NIKE from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $93.00 to $80.00 in a research report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $89.96.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.