Chilton Capital Management LLC reduced its stake in Nike Inc (NYSE:NKE) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,816 shares of the footwear maker’s stock after selling 457 shares during the quarter. Chilton Capital Management LLC’s holdings in Nike were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Candriam Luxembourg S.C.A. raised its position in Nike by 2.3% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 135,510 shares of the footwear maker’s stock valued at $11,480,000 after buying an additional 3,026 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Nike by 72.9% during the 3rd quarter. Prudential Financial Inc. now owns 2,451,389 shares of the footwear maker’s stock worth $207,681,000 after acquiring an additional 1,033,210 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Nike by 148.9% during the 3rd quarter. MML Investors Services LLC now owns 109,564 shares of the footwear maker’s stock worth $9,282,000 after acquiring an additional 65,550 shares during the last quarter. Twin Capital Management Inc. increased its holdings in shares of Nike by 6.0% during the 3rd quarter. Twin Capital Management Inc. now owns 88,670 shares of the footwear maker’s stock worth $7,512,000 after acquiring an additional 4,990 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of Nike by 1.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 104,676 shares of the footwear maker’s stock worth $8,861,000 after acquiring an additional 1,942 shares during the last quarter. 64.85% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:NKE opened at $86.80 on Friday. The firm has a market cap of $136.72 billion, a PE ratio of 35.87, a P/E/G ratio of 2.64 and a beta of 0.68. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 0.40. Nike Inc has a fifty-two week low of $63.21 and a fifty-two week high of $87.99.

Nike (NYSE:NKE) last released its earnings results on Thursday, December 20th. The footwear maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.17 billion. Nike had a return on equity of 44.85% and a net margin of 5.66%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. On average, research analysts expect that Nike Inc will post 2.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. Nike’s payout ratio is 36.36%.

In other news, EVP John F. Slusher sold 200,000 shares of the company’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total transaction of $14,810,000.00. Following the completion of the sale, the executive vice president now directly owns 284,805 shares in the company, valued at approximately $21,089,810.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 150,000 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $82.00, for a total value of $12,300,000.00. Following the sale, the chairman now owns 1,539,963 shares of the company’s stock, valued at $126,276,966. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 800,000 shares of company stock valued at $61,862,000. Corporate insiders own 3.90% of the company’s stock.

A number of research analysts recently weighed in on the company. Credit Suisse Group set a $90.00 target price on Nike and gave the stock a “buy” rating in a report on Wednesday, January 2nd. Macquarie set a $98.00 target price on Nike and gave the stock a “buy” rating in a report on Tuesday, December 4th. UBS Group set a $78.00 target price on Nike and gave the stock a “neutral” rating in a report on Thursday, December 27th. Wells Fargo & Co set a $82.00 target price on Nike and gave the stock a “neutral” rating in a report on Monday, November 19th. Finally, Robert W. Baird reissued a “buy” rating and set a $94.00 target price on shares of Nike in a report on Monday, November 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $84.59.

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About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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