Venturi Wealth Management LLC Acquires 7,978 Shares of NIKE, Inc. (NYSE:NKE)

Venturi Wealth Management LLC lifted its holdings in NIKE, Inc. (NYSE:NKEFree Report) by 1,917.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,394 shares of the footwear maker’s stock after acquiring an additional 7,978 shares during the period. Venturi Wealth Management LLC’s holdings in NIKE were worth $911,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NKE. State Street Corp increased its position in shares of NIKE by 2.7% during the second quarter. State Street Corp now owns 55,210,541 shares of the footwear maker’s stock worth $6,111,923,000 after acquiring an additional 1,447,861 shares during the period. Morgan Stanley boosted its stake in NIKE by 26.4% in the fourth quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after acquiring an additional 6,410,744 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of NIKE by 7.2% during the second quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock worth $2,469,185,000 after buying an additional 1,493,704 shares during the period. FMR LLC increased its position in shares of NIKE by 0.7% in the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after acquiring an additional 125,746 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its holdings in shares of NIKE by 139,649.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after purchasing an additional 16,801,276 shares during the period. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NKE. Stifel Nicolaus cut their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Telsey Advisory Group dropped their target price on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Sanford C. Bernstein lowered their price target on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and issued a $111.00 target price on shares of NIKE in a research note on Tuesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on NIKE from $132.00 to $128.00 and set a “buy” rating for the company in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and an average target price of $116.52.

Read Our Latest Report on NKE

NIKE Trading Down 0.2 %

Shares of NYSE:NKE traded down $0.21 on Wednesday, hitting $90.74. 1,535,434 shares of the company’s stock were exchanged, compared to its average volume of 9,340,373. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The stock has a market capitalization of $138.10 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. The business’s 50 day simple moving average is $100.85 and its two-hundred day simple moving average is $103.57. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE (NYSE:NKEGet Free Report) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Analysts anticipate that NIKE, Inc. will post 3.71 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.63%. NIKE’s payout ratio is 43.53%.

NIKE Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKEFree Report).

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.