602 Shares in NIKE, Inc. (NYSE:NKE) Purchased by Riverview Trust Co

Riverview Trust Co acquired a new position in shares of NIKE, Inc. (NYSE:NKEFree Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 602 shares of the footwear maker’s stock, valued at approximately $57,000.

A number of other institutional investors have also recently bought and sold shares of NKE. Acadian Asset Management LLC boosted its position in NIKE by 1.2% during the 3rd quarter. Acadian Asset Management LLC now owns 23,508 shares of the footwear maker’s stock worth $2,246,000 after acquiring an additional 273 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of NIKE by 16.2% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 7,980 shares of the footwear maker’s stock valued at $763,000 after buying an additional 1,110 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of NIKE by 33.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 6,559 shares of the footwear maker’s stock valued at $627,000 after buying an additional 1,648 shares during the last quarter. Operose Advisors LLC lifted its holdings in shares of NIKE by 10,185.7% during the 3rd quarter. Operose Advisors LLC now owns 720 shares of the footwear maker’s stock valued at $69,000 after buying an additional 713 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of NIKE by 2.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 69,137 shares of the footwear maker’s stock valued at $6,611,000 after buying an additional 1,483 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NKE stock traded down $1.77 during trading on Tuesday, hitting $95.40. The company had a trading volume of 3,494,346 shares, compared to its average volume of 9,141,360. The company has a fifty day moving average price of $93.68 and a two-hundred day moving average price of $99.67. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a market cap of $143.99 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.84 and a beta of 1.05. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $123.39.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s dividend payout ratio is 43.53%.

Insider Activity at NIKE

In related news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now owns 730 shares of the company’s stock, valued at approximately $68,357.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other NIKE news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the transaction, the vice president now owns 730 shares of the company’s stock, valued at $68,357.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders have sold a total of 213,660 shares of company stock valued at $19,946,333 in the last 90 days. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NKE has been the subject of several research reports. StockNews.com lowered NIKE from a “buy” rating to a “hold” rating in a report on Friday. Piper Sandler reduced their price target on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. Robert W. Baird reduced their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Jefferies Financial Group reduced their price target on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Finally, Truist Financial restated a “hold” rating and issued a $99.00 target price on shares of NIKE in a report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.81.

Read Our Latest Stock Report on NIKE

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.

Further Reading

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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