Pioneer Trust Bank N A OR Has $8.73 Million Stake in NIKE, Inc. (NYSE:NKE)

Pioneer Trust Bank N A OR boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,376 shares of the footwear maker’s stock after acquiring an additional 2,477 shares during the period. NIKE makes up approximately 2.6% of Pioneer Trust Bank N A OR’s holdings, making the stock its 13th largest holding. Pioneer Trust Bank N A OR’s holdings in NIKE were worth $8,726,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its stake in NIKE by 15.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,028 shares of the footwear maker’s stock worth $385,000 after acquiring an additional 525 shares during the last quarter. FORVIS Wealth Advisors LLC increased its stake in NIKE by 3.7% during the 3rd quarter. FORVIS Wealth Advisors LLC now owns 7,650 shares of the footwear maker’s stock worth $731,000 after purchasing an additional 270 shares in the last quarter. Waldron Private Wealth LLC raised its holdings in NIKE by 3.7% during the 3rd quarter. Waldron Private Wealth LLC now owns 11,184 shares of the footwear maker’s stock worth $1,073,000 after buying an additional 395 shares during the period. Kanawha Capital Management LLC boosted its holdings in shares of NIKE by 1.9% in the third quarter. Kanawha Capital Management LLC now owns 179,131 shares of the footwear maker’s stock valued at $17,129,000 after buying an additional 3,391 shares during the period. Finally, NBT Bank N A NY raised its holdings in shares of NIKE by 137.9% during the third quarter. NBT Bank N A NY now owns 53,116 shares of the footwear maker’s stock worth $5,079,000 after acquiring an additional 30,785 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In related news, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the sale, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NKE has been the topic of a number of research reports. Sanford C. Bernstein cut 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. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a research report on Friday, February 16th. Wedbush reiterated an “outperform” rating and issued a $115.00 price target on shares of NIKE in a research note on Tuesday, April 30th. Evercore ISI decreased their price objective on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, HSBC dropped their target price on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average target price of $116.26.

NIKE Price Performance

NIKE stock traded down $0.26 during mid-day trading on Thursday, reaching $93.33. 4,237,932 shares of the company were exchanged, compared to its average volume of 9,126,526. The firm has a market cap of $140.87 billion, a PE ratio of 27.48, a PEG ratio of 1.78 and a beta of 1.07. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $126.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The company has a fifty day simple moving average of $95.28 and a 200-day simple moving average of $102.91.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, equities research analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.37 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.59%. NIKE’s payout ratio is 43.53%.

About NIKE

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.