Tokio Marine Asset Management Co. Ltd. Sells 4,744 Shares of NIKE, Inc. (NYSE:NKE)

Tokio Marine Asset Management Co. Ltd. decreased its position in NIKE, Inc. (NYSE:NKE) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 164,416 shares of the footwear maker’s stock after selling 4,744 shares during the period. NIKE comprises 1.0% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 26th biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in NIKE were worth $17,851,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Impact Partnership Wealth LLC lifted its stake in NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after acquiring an additional 181 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Planned Solutions Inc. bought a new stake in shares of NIKE during the 4th quarter worth approximately $29,000. Raleigh Capital Management Inc. raised its stake in shares of NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 216 shares in the last quarter. Finally, Stephens Consulting LLC raised its stake in shares of NIKE by 160.0% during the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NKE traded up $0.62 during trading hours on Wednesday, hitting $94.64. 6,444,777 shares of the company were exchanged, compared to its average volume of 9,523,251. The company has a market cap of $142.85 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.82 and a beta of 1.08. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average is $97.39 and its 200 day moving average is $103.38.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. On average, equities analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. NIKE’s dividend payout ratio is currently 43.53%.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of analyst reports. Williams Trading reiterated a “sell” rating and set a $85.00 price objective (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Wells Fargo & Company dropped their price objective on NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. HSBC decreased 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. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a report on Tuesday, January 9th. Finally, Truist Financial reissued a “hold” rating and set a $111.00 target price on shares of NIKE in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.