Local Pensions Partnership Investment 13F: Cuts NKE Stake by $13M

On October 26, 2026, Local Pensions Partnership Investment cut its stake in NIKE, Inc. (NKE) by 370,800 shares, bringing its total to 1,042,987 shares. This reduction is valued at approximately $13.1 million, as disclosed in the fund's latest Form 13F filing with the SEC.

NKE NIKE, Inc.

$37.91 ▼ -38.51% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Local Pensions Partnership's NIKE Position

Local Pensions Partnership's stake decreased by 26.2% from its previous holding of 1,413,787 shares. The total reported value of its NIKE position is now about $36.9 million, which accounts for 1.15% of the fund's overall investments and ranks 13th among its 33 reported positions.

Where NIKE Fits in Local Pensions Partnership's Portfolio

This reduction in NIKE shares indicates a smaller bet for Local Pensions Partnership, which may reflect a strategic shift in its investment priorities.

Other Institutional Activity in NIKE

In addition to Local Pensions Partnership, other institutions have also made moves in NIKE. Verity & Verity opened a new position with 303,736 shares, valued at about $10.8 million. Meanwhile, Penn Davis Mcfarland exited its position entirely, selling off 61,621 shares.

NIKE, Inc. Stock Up 1.6%

NIKE shares closed at $37.91 on October 26, 2026, which is about equal to the recent trading price. The stock is currently above its 50-day moving average by 2.1% but remains significantly below its 200-day moving average by 18.7%. Over the past year, shares have traded between $31.97 and $70.44.

Recent Earnings

For the trailing twelve months, NIKE reported revenue of approximately $45.9 billion and earnings per share of $2.08. The company has faced a revenue decline of 4.3% year-over-year, while its net margin stands at 6.7%. NIKE's next earnings report is scheduled for December 17, 2026.

Dividend

NIKE pays an annual dividend of $1.64 per share, resulting in a yield of 4.33%. The dividend payout ratio is 78.8%, indicating a sustainable dividend policy relative to the company's earnings.

Insider Buying and Selling at NIKE, Inc.

Several insiders have sold shares of NIKE recently. On August 7, 2026, President Amy Montagne sold 4,867 shares at an average price of $42.05, totaling about $204,657. On September 9, 2026, Officer Robert Leinwand sold 3,646 shares at $37.59, amounting to $137,053. Other insiders, including Philip McCartney and Venkatesh Alagirisamy, also sold shares on the same day.

Analysts Set New Price Targets

Analysts have mixed views on NIKE. On October 5, 2026, Barclays maintained an Overweight rating with a target of $37.00, while Guggenheim reiterated a Buy rating with a target of $50.00 on October 22. Wolfe Research initiated coverage with an Underperform rating, setting a target of $28.00. The consensus among analysts currently recommends holding the stock with a mean target of $36.5.

About NIKE

NIKE, Inc. designs and sells athletic footwear, apparel, and equipment worldwide. With a strong brand presence, it caters to a wide range of customers, including men, women, and children. The company's recent strategic moves, including changes in institutional holdings, reflect broader market sentiments.

Bottom Line

Investors should keep an eye on NIKE's upcoming earnings report on December 17, 2026, as well as any further institutional moves in the stock. The changes in Local Pensions Partnership's position may signal shifts in market confidence and investment strategies regarding NIKE.