NIKE, Inc. (NYSE:NKE) Shares Sold by Aspiriant LLC

Aspiriant LLC lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,876 shares of the footwear maker’s stock after selling 1,048 shares during the quarter. Aspiriant LLC’s holdings in NIKE were worth $552,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC boosted its holdings in shares of NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of NIKE in the 4th quarter valued at $29,000. True Wealth Design LLC boosted its holdings in shares of NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of NIKE in the 4th quarter valued at $33,000. Finally, Core Wealth Advisors Inc. boosted its holdings in shares of NIKE by 408.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after purchasing an additional 241 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

In other news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction that occurred on 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 directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the sale, the chairman now owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the sale, the executive vice president now owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The disclosure for this sale can be found here. In the last three months, insiders sold 213,660 shares of company stock valued at $19,946,333. Company insiders own 0.50% of the company’s stock.

NIKE Trading Up 0.2 %

NYSE NKE opened at $94.23 on Friday. NIKE, Inc. has a one year low of $88.66 and a one year high of $123.39. The company has a 50-day simple moving average of $93.70 and a 200-day simple moving average of $99.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm has a market capitalization of $142.22 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NKE. Piper Sandler decreased their price target on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $115.00 target price on shares of NIKE in a research note on Thursday, June 13th. JPMorgan Chase & Co. cut their target price on shares of NIKE from $122.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Oppenheimer raised shares of NIKE from a “market perform” rating to an “outperform” rating and raised their target price for the company from $110.00 to $120.00 in a research note on Friday, June 21st. Finally, Barclays cut their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.81.

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.