Carnegie Investment Counsel Has $4.88 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Carnegie Investment Counsel lessened its stake in NIKE, Inc. (NYSE:NKE) by 50.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,442 shares of the footwear maker’s stock after selling 65,821 shares during the quarter. Carnegie Investment Counsel’s holdings in NIKE were worth $4,876,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. BFI Infinity Ltd. acquired a new position in NIKE in the 4th quarter valued at approximately $255,000. Mirador Capital Partners LP increased its stake in shares of NIKE by 69.8% during the 4th quarter. Mirador Capital Partners LP now owns 72,986 shares of the footwear maker’s stock worth $5,523,000 after purchasing an additional 30,011 shares during the last quarter. Smith Thornton Advisors LLC acquired a new position in shares of NIKE during the 4th quarter worth $231,000. Essex Savings Bank increased its stake in shares of NIKE by 53.9% during the 4th quarter. Essex Savings Bank now owns 10,707 shares of the footwear maker’s stock worth $810,000 after purchasing an additional 3,752 shares during the last quarter. Finally, Presilium Private Wealth LLC increased its stake in shares of NIKE by 3.6% during the 4th quarter. Presilium Private Wealth LLC now owns 8,700 shares of the footwear maker’s stock worth $658,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NKE shares. Wells Fargo & Company dropped their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $72.00 to $90.00 in a research note on Friday, January 10th. Evercore ISI dropped their price target on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Telsey Advisory Group lowered shares of NIKE from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $93.00 to $80.00 in a research note on Friday, December 20th. Finally, DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.96.

NIKE Stock Down 0.3 %

Shares of NKE opened at $70.89 on Friday. The stock has a market cap of $104.85 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $70.32 and a 12 month high of $107.43. The company has a 50-day moving average price of $75.87 and a two-hundred day moving average price of $77.96.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Equities analysts predict that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. This is a boost from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’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 completion of the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.