Baker Ellis Asset Management decreased its position in Nike Inc (NYSE:NKE) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,625 shares of the footwear maker’s stock after selling 2,233 shares during the period. Baker Ellis Asset Management’s holdings in Nike were worth $2,414,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Chevy Chase Trust Holdings boosted its stake in shares of Nike by 13.0% in the fourth quarter. Chevy Chase Trust Holdings now owns 1,318,567 shares of the footwear maker’s stock worth $82,411,000 after buying an additional 151,503 shares in the last quarter. Windward Capital Management Company boosted its stake in shares of Nike by 35.0% in the fourth quarter. Windward Capital Management Company now owns 400,022 shares of the footwear maker’s stock worth $25,001,000 after buying an additional 103,684 shares in the last quarter. Rathbone Brothers boosted its stake in shares of Nike by 15.7% in the fourth quarter. Rathbone Brothers now owns 344,416 shares of the footwear maker’s stock worth $20,152,000 after buying an additional 46,808 shares in the last quarter. Commonwealth Equity Services boosted its stake in shares of Nike by 46.9% in the fourth quarter. Commonwealth Equity Services now owns 303,907 shares of the footwear maker’s stock worth $18,994,000 after buying an additional 96,971 shares in the last quarter. Finally, Capstone Asset Management Company boosted its stake in shares of Nike by 3.2% in the fourth quarter. Capstone Asset Management Company now owns 233,476 shares of the footwear maker’s stock worth $14,592,000 after buying an additional 7,218 shares in the last quarter.

Nike Inc (NYSE:NKE) opened at 62.01 on Friday. The stock has a market capitalization of $105.61 billion and a PE ratio of 30.12. The company’s 50-day moving average is $61.83 and its 200 day moving average is $60.79. Nike Inc has a 12-month low of $45.35 and a 12-month high of $68.19.

Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, December 22nd. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.04. The company had revenue of $7.69 billion for the quarter. During the same quarter last year, the firm posted $0.74 EPS. Nike’s revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts expect that Nike Inc will post $2.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Wednesday, December 9th were given a dividend of $0.32 per share. This is a boost from Nike’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.06%.

A number of brokerages have recently issued reports on NKE. Telsey Advisory Group upped their price objective on Nike from $68.50 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, November 2nd. B. Riley restated a “buy” rating on shares of Nike in a research note on Wednesday, December 23rd. Buckingham Research dropped their price target on Nike from $57.50 to $53.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Jefferies Group set a $72.50 price target on Nike and gave the company a “buy” rating in a research note on Friday, November 20th. Finally, Piper Jaffray restated a “buy” rating on shares of Nike in a research note on Thursday, December 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-nine have given a buy rating to the company. Nike currently has a consensus rating of “Buy” and a consensus price target of $76.92.

In other news, insider Jeanne P. Jackson sold 12,500 shares of Nike stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $122.16, for a total value of $1,527,000.00. Following the sale, the insider now directly owns 83,598 shares in the company, valued at approximately $10,212,331.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John F. Slusher sold 40,000 shares of Nike stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $61.25, for a total value of $2,450,000.00. Following the completion of the sale, the executive vice president now owns 163,104 shares in the company, valued at $9,990,120. 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.

12 Month Chart for NYSE:NKE

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