BigSur Wealth Management LLC Sells 4,500 Shares of NIKE, Inc. (NYSE:NKE)

BigSur Wealth Management LLC lessened its position in shares of NIKE, Inc. (NYSE:NKE) by 44.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,550 shares of the footwear maker’s stock after selling 4,500 shares during the period. BigSur Wealth Management LLC’s holdings in NIKE were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sarasin & Partners LLP raised its position in shares of NIKE by 25.6% in the fourth quarter. Sarasin & Partners LLP now owns 319,762 shares of the footwear maker’s stock worth $24,196,000 after buying an additional 65,085 shares in the last quarter. Willner & Heller LLC increased its stake in NIKE by 24.2% in the 4th quarter. Willner & Heller LLC now owns 2,908 shares of the footwear maker’s stock worth $220,000 after acquiring an additional 567 shares during the last quarter. Seilern Investment Management Ltd purchased a new stake in shares of NIKE in the 4th quarter valued at about $101,501,000. City Holding Co. boosted its position in shares of NIKE by 5.4% during the 4th quarter. City Holding Co. now owns 21,106 shares of the footwear maker’s stock valued at $1,597,000 after acquiring an additional 1,087 shares during the last quarter. Finally, Ellsworth Advisors LLC grew its holdings in shares of NIKE by 55.1% during the fourth quarter. Ellsworth Advisors LLC now owns 29,729 shares of the footwear maker’s stock worth $2,250,000 after purchasing an additional 10,567 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction on Friday, December 27th. The stock was acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

NIKE Stock Down 0.3 %

Shares of NYSE NKE opened at $70.89 on Monday. The firm has a fifty day simple moving average of $75.77 and a two-hundred day simple moving average of $77.94. The firm has a market capitalization of $104.85 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $70.32 and a 12 month high of $107.43.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the business posted $1.03 earnings per share. NIKE’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 2.1 earnings per share for the current year.

NIKE Increases Dividend

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

Analyst Upgrades and Downgrades

NKE has been the subject of several research analyst reports. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. TD Cowen cut their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Wells Fargo & Company lowered their price target on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. UBS Group reaffirmed a “neutral” rating and set a $73.00 price target on shares of NIKE in a research note on Thursday, December 26th. Finally, Truist Financial decreased their price objective on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.96.

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.