Virtu KCG Holdings LLC boosted its holdings in shares of Nike, Inc. (NYSE:NKE) by 468.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,960 shares of the footwear maker’s stock after purchasing an additional 135,102 shares during the quarter. Nike comprises approximately 0.3% of Virtu KCG Holdings LLC’s holdings, making the stock its 14th largest position. Virtu KCG Holdings LLC’s holdings in Nike were worth $9,674,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. First National Trust Co. raised its holdings in Nike by 18.0% in the 1st quarter. First National Trust Co. now owns 38,112 shares of the footwear maker’s stock valued at $2,124,000 after acquiring an additional 5,807 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in Nike by 1.3% in the 1st quarter. Clifford Swan Investment Counsel LLC now owns 188,365 shares of the footwear maker’s stock valued at $10,498,000 after acquiring an additional 2,332 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Nike by 25.5% in the 1st quarter. Baird Financial Group Inc. now owns 574,256 shares of the footwear maker’s stock valued at $32,003,000 after acquiring an additional 116,554 shares in the last quarter. Abbrea Capital LLC raised its holdings in Nike by 4.4% in the 1st quarter. Abbrea Capital LLC now owns 44,339 shares of the footwear maker’s stock valued at $2,479,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in Nike by 58.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 16,369 shares of the footwear maker’s stock valued at $912,000 after acquiring an additional 6,058 shares in the last quarter. Hedge funds and other institutional investors own 62.02% of the company’s stock.

In related news, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the sale, the director now owns 25,660 shares of the company’s stock, valued at $1,371,527. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Shares of Nike, Inc. (NYSE NKE) opened at $59.07 on Thursday. Nike, Inc. has a 12 month low of $50.06 and a 12 month high of $60.53. The stock has a market capitalization of $96,895.79, a PE ratio of 25.27, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29.

Nike (NYSE:NKE) last released its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. equities research analysts forecast that Nike, Inc. will post 2.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Nike’s previous quarterly dividend of $0.18. Nike’s payout ratio is currently 30.64%.

TRADEMARK VIOLATION NOTICE: “Nike, Inc. (NKE) Position Increased by Virtu KCG Holdings LLC” was first published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/nike-inc-nke-position-increased-by-virtu-kcg-holdings-llc/1721084.html.

Several equities analysts have commented on NKE shares. Jefferies Group LLC cut Nike to a “buy” rating in a report on Tuesday, August 29th. Vetr cut Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 target price for the company. in a report on Monday, September 4th. Goldman Sachs Group, Inc. (The) cut Nike from a “buy” rating to a “neutral” rating and increased their target price for the stock from $52.30 to $54.00 in a report on Thursday, October 19th. Telsey Advisory Group dropped their target price on Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price on shares of Nike in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.92.

Nike Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike, Inc. (NYSE:NKE).

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.