Exxonmobil Investment Management Inc. TX Sells 7,512 Shares of VF Corp (VFC)
Exxonmobil Investment Management Inc. TX reduced its position in shares of VF Corp (NYSE:VFC) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,149 shares of the textile maker’s stock after selling 7,512 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in VF were worth $3,859,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in VFC. Lord Abbett & CO. LLC bought a new stake in shares of VF during the 2nd quarter valued at about $9,602,000. Canada Pension Plan Investment Board grew its stake in shares of VF by 196.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 118,090 shares of the textile maker’s stock valued at $7,507,000 after purchasing an additional 78,297 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of VF by 8.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,000,746 shares of the textile maker’s stock valued at $63,617,000 after purchasing an additional 73,716 shares during the period. Quantitative Investment Management LLC bought a new stake in shares of VF during the 2nd quarter valued at about $3,404,000. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of VF by 16.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 398,071 shares of the textile maker’s stock valued at $25,305,000 after purchasing an additional 57,581 shares during the period.
VF Corp (NYSE:VFC) opened at $77.19 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54. VF Corp has a twelve month low of $48.05 and a twelve month high of $78.70. The company has a market capitalization of $30,500.00, a P/E ratio of 32.03, a P/E/G ratio of 2.13 and a beta of 0.80.
VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. VF had a return on equity of 29.22% and a net margin of 8.24%. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the firm earned $1.20 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. analysts anticipate that VF Corp will post 3.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, December 8th were issued a $0.46 dividend. The ex-dividend date was Thursday, December 7th. This is a boost from VF’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.38%. VF’s payout ratio is currently 76.35%.
In related news, VP Scott H. Baxter sold 39,694 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $71.50, for a total value of $2,838,121.00. Following the transaction, the vice president now directly owns 112,202 shares of the company’s stock, valued at approximately $8,022,443. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Scott H. Baxter sold 89,822 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $71.14, for a total value of $6,389,937.08. Following the completion of the transaction, the vice president now directly owns 127,844 shares in the company, valued at $9,094,822.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 254,660 shares of company stock worth $18,035,832. 1.60% of the stock is owned by insiders.
VFC has been the subject of a number of recent research reports. Cowen restated a “hold” rating and set a $63.00 price target on shares of VF in a research note on Thursday, September 21st. Piper Jaffray Companies set a $64.00 price objective on VF and gave the company a “hold” rating in a research note on Sunday, October 1st. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price objective on shares of VF in a research note on Wednesday, October 4th. Pivotal Research began coverage on VF in a research note on Thursday, October 5th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Susquehanna Bancshares reiterated a “buy” rating and set a $75.00 price objective on shares of VF in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. VF has a consensus rating of “Hold” and an average price target of $68.43.
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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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