Alpha Capital Management bought a new position in Nike Inc (NYSE:NKE) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 33,196 shares of the footwear maker’s stock, valued at approximately $2,075,000. Nike comprises approximately 1.6% of Alpha Capital Management’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds have also bought and sold shares of the company. Meristem acquired a new stake in Nike during the fourth quarter worth $1,153,000. Creative Planning increased its position in shares of Nike by 13.0% in the fourth quarter. Creative Planning now owns 63,187 shares of the footwear maker’s stock valued at $3,949,000 after buying an additional 7,289 shares during the last quarter. Reynolds Capital Management increased its position in shares of Nike by 21.5% in the fourth quarter. Reynolds Capital Management now owns 15,800 shares of the footwear maker’s stock valued at $987,000 after buying an additional 2,800 shares during the last quarter. J. W. Burns & Company increased its position in shares of Nike by 8.0% in the fourth quarter. J. W. Burns & Company now owns 66,996 shares of the footwear maker’s stock valued at $4,187,000 after buying an additional 4,970 shares during the last quarter. Finally, Community Bank & Trust of Waco, Texas purchased a new position in shares of Nike during the fourth quarter valued at approximately $1,599,000.

Shares of Nike Inc (NYSE:NKE) traded down 0.30% during mid-day trading on Monday, reaching $60.70. 10,382,670 shares of the company were exchanged. The stock has a 50 day moving average price of $62.49 and a 200-day moving average price of $60.59. Nike Inc has a 12 month low of $45.35 and a 12 month high of $68.19. The stock has a market capitalization of $103.38 billion and a P/E ratio of 29.48.

Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, December 22nd. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The firm earned $7.69 billion during the quarter. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. Analysts predict that Nike Inc will post $2.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Wednesday, December 9th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, December 7th. This represents a $1.28 annualized dividend and a dividend yield of 2.11%. This is a positive change from Nike’s previous quarterly dividend of $0.28.

Several brokerages recently commented on NKE. MKM Partners reiterated a “sell” rating on shares of Nike in a report on Wednesday, October 21st. Morgan Stanley reiterated a “buy” rating on shares of Nike in a report on Wednesday, December 23rd. Sterne Agee CRT cut their price target on shares of Nike to $75.00 and set a “buy” rating on the stock in a report on Wednesday, December 23rd. Cowen and Company reiterated a “buy” rating on shares of Nike in a report on Wednesday, December 23rd. Finally, B. Riley reiterated a “buy” rating on shares of Nike in a report on Wednesday, December 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Nike has a consensus rating of “Buy” and a consensus target price of $77.05.

In other news, insider Jeanne P. Jackson sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $122.16, for a total transaction of $1,527,000.00. Following the completion of the sale, the insider now owns 83,598 shares in the company, valued at approximately $10,212,331.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy D. Cook sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $130.36, for a total transaction of $1,042,880.00. Following the sale, the director now owns 6,341 shares of the company’s stock, valued at approximately $826,612.76. The disclosure for this sale can be found here.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (NYSE:NKE), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, Action Sports, Sportswear (the Company’s sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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