NIKE, Inc. (NYSE:NKE) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Posted by Defense World Staff on Apr 2nd, 2023

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its position in NIKE, Inc. (NYSE:NKE – Get Rating) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,065 shares of the footwear maker’s stock after selling 297 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in NIKE were worth $1,295,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NKE. Turim 21 Investimentos Ltda. lifted its stake in NIKE by 821.1% in the third quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker’s stock worth $29,000 after acquiring an additional 312 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in NIKE by 27,300.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 274 shares of the footwear maker’s stock worth $32,000 after acquiring an additional 273 shares during the last quarter. Worth Asset Management LLC purchased a new position in NIKE in the first quarter worth approximately $32,000. Ameliora Wealth Management Ltd. purchased a new position in NIKE in the third quarter worth approximately $33,000. Finally, Moisand Fitzgerald Tamayo LLC lifted its position in shares of NIKE by 32.8% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 482 shares of the footwear maker’s stock worth $40,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NKE shares. UBS Group boosted their price objective on shares of NIKE from $151.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. HSBC boosted their price objective on shares of NIKE from $100.00 to $125.00 and gave the stock a “hold” rating in a research report on Thursday, January 12th. Redburn Partners started coverage on shares of NIKE in a research report on Thursday, March 16th. They set a “sell” rating and a $100.00 price objective for the company. Guggenheim boosted their price objective on shares of NIKE from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of NIKE from $146.00 to $142.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

Insider Buying and Selling

In related news, EVP Monique S. Matheson sold 5,000 shares of the business’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the sale, the executive vice president now directly owns 60,213 shares in the company, valued at approximately $7,466,412. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Monique S. Matheson sold 5,000 shares of the business’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the sale, the executive vice president now directly owns 60,213 shares in the company, valued at approximately $7,466,412. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter B. Henry bought 557 shares of NIKE stock in a transaction on Tuesday, February 7th. The stock was purchased at an average price of $125.45 per share, for a total transaction of $69,875.65. Following the completion of the acquisition, the director now owns 4,062 shares in the company, valued at approximately $509,577.90. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $122.64 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.73 and a debt-to-equity ratio of 0.61. NIKE, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $139.86. The stock has a market cap of $190.16 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 3.53 and a beta of 1.10. The firm’s fifty day simple moving average is $122.41 and its 200-day simple moving average is $110.84.

NIKE (NYSE:NKE – Get Rating) last posted its quarterly earnings results on Tuesday, March 21st. The footwear maker reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.24. NIKE had a net margin of 10.82% and a return on equity of 35.98%. The business had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.48 billion. During the same period in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts expect that NIKE, Inc. will post 3.22 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 6th will be given a $0.34 dividend. The ex-dividend date is Friday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 1.11%. NIKE’s dividend payout ratio is presently 39.19%.

NIKE Profile

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NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.