MassMutual Private Wealth & Trust FSB Has $490,000 Holdings in NIKE, Inc. (NYSE:NKE)

MassMutual Private Wealth & Trust FSB decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,470 shares of the footwear maker’s stock after selling 632 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in NIKE were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NKE. Pacer Advisors Inc. raised its position in shares of NIKE by 9.6% in the 2nd quarter. Pacer Advisors Inc. now owns 107,821 shares of the footwear maker’s stock worth $8,126,000 after acquiring an additional 9,471 shares in the last quarter. ProShare Advisors LLC grew its stake in NIKE by 2.0% during the second quarter. ProShare Advisors LLC now owns 272,650 shares of the footwear maker’s stock worth $20,550,000 after purchasing an additional 5,424 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in NIKE in the second quarter worth approximately $674,000. Epoch Investment Partners Inc. lifted its stake in NIKE by 3.0% in the second quarter. Epoch Investment Partners Inc. now owns 14,750 shares of the footwear maker’s stock valued at $1,112,000 after buying an additional 424 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of NIKE by 71.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 46,500 shares of the footwear maker’s stock worth $3,505,000 after buying an additional 19,390 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NKE shares. Wells Fargo & Company lowered their price objective on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Truist Financial dropped their price objective on shares of NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Barclays decreased their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Guggenheim cut their price target on NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada decreased their price objective on NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, November 7th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.96.

NIKE Trading Up 3.4 %

Shares of NIKE stock opened at $73.22 on Wednesday. The stock has a fifty day moving average price of $75.66 and a 200-day moving average price of $77.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a market cap of $108.30 billion, a PE ratio of 22.60, a P/E/G ratio of 2.25 and a beta of 1.02. NIKE, Inc. has a 1 year low of $70.32 and a 1 year high of $107.43.

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

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 annualized dividend and a yield of 2.19%. NIKE’s dividend payout ratio is presently 49.38%.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.