Mount Yale Investment Advisors LLC Has $2.28 Million Position in NIKE, Inc. (NYSE:NKE)

Mount Yale Investment Advisors LLC cut its holdings in NIKE, Inc. (NYSE:NKE) by 48.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,127 shares of the footwear maker’s stock after selling 28,830 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in NIKE were worth $2,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NKE. Pacer Advisors Inc. lifted its stake in shares of NIKE by 6,029.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker’s stock valued at $516,166,000 after acquiring an additional 6,709,985 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of NIKE during the fourth quarter worth approximately $496,000. Capital Asset Advisory Services LLC bought a new position in NIKE in the fourth quarter valued at approximately $321,000. Blue Trust Inc. grew its holdings in NIKE by 25.3% during the 4th quarter. Blue Trust Inc. now owns 14,984 shares of the footwear maker’s stock worth $1,134,000 after acquiring an additional 3,029 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its position in shares of NIKE by 5.5% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,942 shares of the footwear maker’s stock valued at $1,509,000 after acquiring an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Down 0.9 %

NKE opened at $73.60 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock has a fifty day moving average of $75.45 and a 200-day moving average of $77.94. NIKE, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43. The company has a market capitalization of $108.86 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.36 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its quarterly earnings data 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. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued a $0.40 dividend. The ex-dividend date was Monday, December 2nd. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.17%. NIKE’s payout ratio is currently 49.38%.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NKE has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. Bank of America reduced their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and set a $84.00 target price on shares of NIKE in a report on Friday, December 20th. TD Cowen reduced their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Finally, Stifel Nicolaus cut their price target on NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.