Farmers National Bank Has $608,000 Position in NIKE, Inc. (NYSE:NKE)

Farmers National Bank increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,072 shares of the footwear maker’s stock after acquiring an additional 297 shares during the quarter. Farmers National Bank’s holdings in NIKE were worth $608,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Annapolis Financial Services LLC raised its position in shares of NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 220 shares during the period. True Wealth Design LLC raised its holdings in NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of NIKE in the fourth quarter valued at $33,000. Core Wealth Advisors Inc. grew its holdings in shares of NIKE by 408.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after buying an additional 241 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth about $38,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

NIKE Stock Up 0.8 %

NIKE stock opened at $89.13 on Wednesday. The firm has a 50 day simple moving average of $80.26 and a 200 day simple moving average of $86.41. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39. The firm has a market capitalization of $134.53 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.30 and a beta of 1.02.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.66%. NIKE’s payout ratio is 39.68%.

Analysts Set New Price Targets

NKE has been the topic of several recent research reports. Guggenheim dropped their price target on shares of NIKE from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Morgan Stanley raised their target price on NIKE from $79.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Truist Financial upped their price target on NIKE from $81.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on NIKE from $83.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group cut their price objective on shares of NIKE from $118.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.70.

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.