Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in shares of Nike Inc (NYSE:NKE) by 106.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,016 shares of the footwear maker’s stock after buying an additional 20,665 shares during the period. Nike makes up approximately 2.1% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 10th largest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Nike were worth $2,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lenox Wealth Advisors boosted its position in Nike by 13.7% in the fourth quarter. Lenox Wealth Advisors now owns 1,457 shares of the footwear maker’s stock worth $91,000 after buying an additional 175 shares during the last quarter. Accredited Investors boosted its position in Nike by 10.7% in the fourth quarter. Accredited Investors now owns 4,125 shares of the footwear maker’s stock worth $258,000 after buying an additional 399 shares during the last quarter. Conestoga Capital Advisors boosted its position in Nike by 2.5% in the fourth quarter. Conestoga Capital Advisors now owns 4,170 shares of the footwear maker’s stock worth $261,000 after buying an additional 100 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in Nike by 82.8% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 4,252 shares of the footwear maker’s stock worth $266,000 after buying an additional 1,926 shares during the last quarter. Finally, Vista Capital Partners boosted its position in Nike by 23.8% in the fourth quarter. Vista Capital Partners now owns 4,317 shares of the footwear maker’s stock worth $270,000 after buying an additional 829 shares during the last quarter.

Shares of Nike Inc (NYSE:NKE) opened at 60.70 on Tuesday. The stock’s 50 day moving average is $62.33 and its 200-day moving average is $60.71. The firm has a market cap of $103.38 billion and a PE ratio of 29.48. Nike Inc has a 52 week low of $45.35 and a 52 week high of $68.19.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Wednesday, December 9th were issued a $0.32 dividend. This is a boost from Nike’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Monday, December 7th.

A number of research analysts have recently commented on NKE shares. Vetr upgraded shares of Nike from a “sell” rating to a “hold” rating and set a $64.40 price target on the stock in a report on Tuesday, October 20th. Telsey Advisory Group reiterated an “outperform” rating on shares of Nike in a report on Wednesday, December 23rd. Cowen and Company reiterated a “buy” rating on shares of Nike in a report on Tuesday, December 29th. Zacks Investment Research upgraded shares of Nike from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Monday, September 28th. 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 issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $77.05.

In related news, Director Timothy D. Cook sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 29th. The stock was sold at an average price of $64.04, for a total value of $1,024,640.00. Following the completion of the transaction, the director now directly owns 12,682 shares of the company’s stock, valued at $812,155.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Trevor A. Edwards sold 132,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $130.37, for a total value of $17,208,840.00. Following the completion of the transaction, the insider now directly owns 261,368 shares of the company’s stock, valued at $34,074,546.16. 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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