Wallington Asset Management buys $8,715,022 stake in VF Corp (VFC)

VF Corp (VFC) : Wallington Asset Management scooped up 2,540 additional shares in VF Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 143,670 shares of VF Corp which is valued at $8,715,022.VF Corp makes up approximately 2.67% of Wallington Asset Management’s portfolio.

Other Hedge Funds, Including , Canandaigua National Bank Trust Co reduced its stake in VFC by selling 1,338 shares or 4.85% in the most recent quarter. The Hedge Fund company now holds 26,236 shares of VFC which is valued at $1,619,286. VF Corp makes up approx 0.46% of Canandaigua National Bank Trust Co’s portfolio.Trust Co Of Vermont reduced its stake in VFC by selling 106 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 3,440 shares of VFC which is valued at $220,917. VF Corp makes up approx 0.03% of Trust Co Of Vermont’s portfolio.Cape Cod Five Cents Savings Bank reduced its stake in VFC by selling 2,188 shares or 2.85% in the most recent quarter. The Hedge Fund company now holds 74,492 shares of VFC which is valued at $4,769,723. VF Corp makes up approx 0.85% of Cape Cod Five Cents Savings Bank’s portfolio.Gateway Investment Advisers reduced its stake in VFC by selling 260 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 108,578 shares of VFC which is valued at $7,027,168. VF Corp makes up approx 0.06% of Gateway Investment Advisers’s portfolio.

VF Corp opened for trading at $62.38 and hit $62.94 on the upside on Monday, eventually ending the session at $62.42, with a gain of 0.42% or 0.26 points. The heightened volatility saw the trading volume jump to 25,49,757 shares. Company has a market cap of $26,030 M.

On the company’s financial health, VF Corp reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.34. The company had revenue of $2445.30 million for the quarter, compared to analysts expectations of $2526.79 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Investors should note that on Jul 22, 2016, VF Corp announced a cash dividend of $0.3700. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 19, 2016.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by Brean Capital to ” Hold” on Jul 15, 2016.

V.F. Corporation (VF) is engaged in the design manufacturing marketing and distribution of branded lifestyle apparel footwear and accessories. The Company operates through five coalitions: Outdoor & Action Sports Jeanswear Imagewear Sportswear and Contemporary Brands. The Company owns a portfolio of brands in the outerwear footwear denim backpack luggage accessory sportswear occupational and performance apparel categories. The Company’s brands primarily include The North Face Vans Timberland Wrangler Lee and Nautica. The Company’s products are marketed to consumers shopping in specialty stores upscale and traditional department stores national chains mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores concession retail stores and e-commerce sites. The Company’s brands sell products in international markets through licensees distributors and independently-operated partnership stores.

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