Forvis Mazars Wealth Advisors LLC Has $679,000 Stock Holdings in NIKE, Inc. $NKE

Forvis Mazars Wealth Advisors LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 50.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,553 shares of the footwear maker’s stock after acquiring an additional 3,195 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in NIKE were worth $679,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Stone House Investment Management LLC bought a new stake in NIKE in the first quarter valued at about $25,000. Mascoma Wealth Management LLC bought a new stake in NIKE in the second quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC increased its holdings in NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 362 shares during the last quarter. Saudi Central Bank bought a new stake in NIKE in the first quarter valued at about $30,000. Finally, Matrix Trust Co increased its holdings in NIKE by 53.1% in the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president directly owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

NIKE Stock Up 0.9%

NYSE:NKE opened at $67.46 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The company has a market cap of $99.72 billion, a PE ratio of 34.59, a PEG ratio of 2.48 and a beta of 1.29. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $83.95. The stock has a 50-day simple moving average of $73.10 and a 200 day simple moving average of $67.48.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.NIKE’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. On average, sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. NIKE’s dividend payout ratio (DPR) is presently 82.05%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays set a $70.00 price objective on NIKE and gave the company a “positive” rating in a report on Wednesday, October 1st. Needham & Company LLC restated a “buy” rating and issued a $78.00 price target on shares of NIKE in a report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of NIKE in a research report on Friday, October 10th. KeyCorp set a $90.00 price target on NIKE and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Morgan Stanley set a $72.00 price target on NIKE and gave the stock a “positive” rating in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.21.

NIKE 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.