Zhang Financial LLC Has $825,000 Stake in NIKE, Inc. (NYSE:NKE)

Zhang Financial LLC boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 30.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,897 shares of the footwear maker’s stock after buying an additional 2,531 shares during the quarter. Zhang Financial LLC’s holdings in NIKE were worth $825,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Stokes Capital Advisors LLC increased its holdings in NIKE by 5.6% in the fourth quarter. Stokes Capital Advisors LLC now owns 51,411 shares of the footwear maker’s stock valued at $3,890,000 after purchasing an additional 2,733 shares during the last quarter. Sarasin & Partners LLP increased its stake in shares of NIKE by 25.6% in the 4th quarter. Sarasin & Partners LLP now owns 319,762 shares of the footwear maker’s stock valued at $24,196,000 after acquiring an additional 65,085 shares during the last quarter. Willner & Heller LLC raised its position in shares of NIKE by 24.2% in the 4th quarter. Willner & Heller LLC now owns 2,908 shares of the footwear maker’s stock valued at $220,000 after acquiring an additional 567 shares during the period. Seilern Investment Management Ltd acquired a new stake in NIKE in the fourth quarter worth $101,501,000. Finally, City Holding Co. lifted its holdings in NIKE by 5.4% during the fourth quarter. City Holding Co. now owns 21,106 shares of the footwear maker’s stock worth $1,597,000 after acquiring an additional 1,087 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on NKE shares. TD Cowen cut their price objective on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price target on shares of NIKE in a research report on Friday, December 20th. Stifel Nicolaus decreased their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. DA Davidson raised shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Finally, Jefferies Financial Group lifted their price objective on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.96.

NIKE Stock Performance

Shares of NYSE:NKE opened at $70.89 on Tuesday. The company’s 50 day simple moving average is $75.77 and its 200 day simple moving average is $77.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 1 year low of $70.32 and a 1 year high of $107.43. The stock has a market capitalization of $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. As a group, research analysts predict that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

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

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction dated Friday, December 27th. The stock was bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

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.