Mitsubishi UFJ Trust & Banking Corp increased its position in V.F. Corporation (NYSE:VFC) by 7.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 723,238 shares of the textile maker’s stock after buying an additional 49,321 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of V.F. Corporation worth $41,659,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VFC. BlackRock Inc. boosted its stake in shares of V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock worth $1,070,143,000 after buying an additional 18,412,097 shares during the period. Wellington Management Group LLP boosted its stake in shares of V.F. Corporation by 13.9% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker’s stock worth $1,864,633,000 after buying an additional 4,129,477 shares during the period. Parnassus Investments CA boosted its stake in shares of V.F. Corporation by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock worth $724,090,000 after buying an additional 2,740,485 shares during the period. Victory Capital Management Inc. boosted its stake in shares of V.F. Corporation by 12,957.2% in the first quarter. Victory Capital Management Inc. now owns 2,675,683 shares of the textile maker’s stock worth $147,083,000 after buying an additional 2,655,191 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of V.F. Corporation by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 5,808,796 shares of the textile maker’s stock worth $319,309,000 after buying an additional 1,017,375 shares during the period. 89.09% of the stock is owned by institutional investors and hedge funds.

V.F. Corporation (NYSE VFC) opened at 63.06 on Wednesday. The stock has a 50 day moving average price of $60.62 and a 200 day moving average price of $55.78. The firm has a market cap of $24.82 billion, a P/E ratio of 24.06 and a beta of 0.78. V.F. Corporation has a 52-week low of $48.05 and a 52-week high of $64.90.

V.F. Corporation (NYSE:VFC) last posted its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. V.F. Corporation’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. Equities analysts predict that V.F. Corporation will post $2.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.68 annualized dividend and a yield of 2.66%. V.F. Corporation’s payout ratio is 64.86%.

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A number of equities research analysts recently commented on VFC shares. Buckingham Research reaffirmed a “neutral” rating and set a $55.00 price objective on shares of V.F. Corporation in a research note on Monday, July 17th. Bank of America Corporation reissued an “underperform” rating and issued a $50.00 target price (up from $47.00) on shares of V.F. Corporation in a research note on Tuesday, August 15th. Canaccord Genuity reissued a “hold” rating and issued a $53.00 target price on shares of V.F. Corporation in a research note on Friday, May 26th. Macquarie reissued an “outperform” rating and issued a $70.00 target price (up from $69.00) on shares of V.F. Corporation in a research note on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc raised V.F. Corporation from a “neutral” rating to a “positive” rating and boosted their target price for the company from $53.00 to $70.00 in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $60.15.

In related news, Director W Alan Mccollough sold 22,852 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $62.94, for a total transaction of $1,438,304.88. Following the completion of the transaction, the director now directly owns 36,353 shares of the company’s stock, valued at $2,288,057.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Eric C. Wiseman sold 110,943 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $63.65, for a total transaction of $7,061,521.95. Following the transaction, the chairman now directly owns 660,806 shares of the company’s stock, valued at $42,060,301.90. The disclosure for this sale can be found here. Insiders have sold 163,131 shares of company stock valued at $10,334,500 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

V.F. Corporation Company Profile

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

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Institutional Ownership by Quarter for V.F. Corporation (NYSE:VFC)

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