American International Group Inc. Buys 3,368 Shares of NIKE, Inc. (NYSE:NKE)

American International Group Inc. grew its holdings in shares of NIKE, Inc. (NYSE:NKEFree Report) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 317,196 shares of the footwear maker’s stock after purchasing an additional 3,368 shares during the period. American International Group Inc.’s holdings in NIKE were worth $34,438,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Iron Horse Wealth Management LLC raised its stake in NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Planned Solutions Inc. bought a new position in NIKE during the fourth quarter worth $29,000. Raleigh Capital Management Inc. raised its stake in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares during the last quarter. Gold Investment Management Ltd. bought a new position in NIKE during the fourth quarter worth $36,000. Finally, Mizuho Securities Co. Ltd. raised its stake in NIKE by 100.0% during the fourth quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after buying an additional 170 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the transaction, the vice president now owns 730 shares in the company, valued at $68,357.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the company’s stock in a transaction dated 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 owns 1,102,090 shares in the company, valued at $102,648,662.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 213,660 shares of company stock worth $19,946,333. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the subject of a number of analyst reports. Bank of America raised shares of NIKE from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $113.00 in a research note on Thursday, April 11th. Telsey Advisory Group reduced their price target on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Wells Fargo & Company reduced their price target on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Wedbush restated an “outperform” rating and issued a $115.00 price target on shares of NIKE in a report on Tuesday, April 30th. Finally, Truist Financial restated a “hold” rating and issued a $111.00 price target on shares of NIKE in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.26.

View Our Latest Analysis on NIKE

NIKE Price Performance

NKE traded up $1.40 during trading hours on Thursday, hitting $95.72. The company’s stock had a trading volume of 9,740,249 shares, compared to its average volume of 9,226,774. The business’s 50-day moving average price is $92.66 and its 200-day moving average price is $101.10. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $123.39. The stock has a market cap of $144.48 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 1.73 and a beta of 1.05. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKEGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. Sell-side analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio is presently 43.53%.

NIKE Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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