Mycio Wealth Partners buys $2,460,398 stake in VF Corp (VFC)

VF Corp (VFC) : Mycio Wealth Partners scooped up 1,300 additional shares in VF Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 38,528 shares of VF Corp which is valued at $2,460,398.VF Corp makes up approximately 0.41% of Mycio Wealth Partners’s portfolio.

Other Hedge Funds, Including , Bridgewater Associates Lp added VFC to its portfolio by purchasing 161,900 company shares during the most recent quarter which is valued at $10,338,934. VF Corp makes up approx 0.12% of Bridgewater Associates Lp’s portfolio. Cable Hill Partners sold out all of its stake in VFC during the most recent quarter. The investment firm sold 102 shares of VFC which is valued $6,340.Diversified Trust Co boosted its stake in VFC in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 43,112 shares of VF Corp which is valued at $2,660,873. VF Corp makes up approx 0.36% of Diversified Trust Co’s portfolio.Capital City Trust Cofl boosted its stake in VFC in the latest quarter, The investment management firm added 1,054 additional shares and now holds a total of 99,063 shares of VF Corp which is valued at $6,178,559. VF Corp makes up approx 2.43% of Capital City Trust Cofl’s portfolio.Firstmerit Bank N A Trustee reduced its stake in VFC by selling 804 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 49,361 shares of VFC which is valued at $3,194,644. VF Corp makes up approx 0.25% of Firstmerit Bank N A Trustee’s portfolio.

VF Corp opened for trading at $63.96 and hit $64.97 on the upside on Friday, eventually ending the session at $64.84, with a gain of 1.01% or 0.65 points. The heightened volatility saw the trading volume jump to 19,69,611 shares. Company has a market cap of $26,892 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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