V F Corp (VFC) Share Price Declined While Pnc Financial Services Group INC Has Decreased Holding by $52.10 Million

May 25, 2018 - By Darrin Black

V.F. Corporation (NYSE:VFC) LogoInvestors sentiment decreased to 1.01 in 2017 Q4. Its down 0.07, from 1.08 in 2017Q3. It worsened, as 41 investors sold VFC shares while 258 reduced holdings. 106 funds opened positions while 196 raised stakes. 392.21 million shares or 0.79% less from 395.35 million shares in 2017Q3 were reported. Moreover, Aristotle Capital Mgmt Llc has 0.05% invested in V.F. Corporation (NYSE:VFC). Nippon Life Glob Invsts Americas holds 55,540 shares or 0.33% of its portfolio. Geode Capital Mngmt Ltd Limited Liability Company stated it has 0.1% in V.F. Corporation (NYSE:VFC). Moreover, Wedgewood Invsts Pa has 0.24% invested in V.F. Corporation (NYSE:VFC). Twin Cap Mgmt has invested 0.32% of its portfolio in V.F. Corporation (NYSE:VFC). Amica Mutual Insur reported 0.09% of its portfolio in V.F. Corporation (NYSE:VFC). Franklin Res has invested 0.01% in V.F. Corporation (NYSE:VFC). Dimensional Fund Advisors Lp invested in 0.03% or 818,906 shares. Columbia Prns L L C Mgmt holds 0.19% or 19,390 shares in its portfolio. Reynders Mcveigh Management Lc has invested 0.23% in V.F. Corporation (NYSE:VFC). Pennsylvania-based Tower Bridge Advsrs has invested 0.02% in V.F. Corporation (NYSE:VFC). Perigon Wealth Management Limited Liability Company owns 112 shares. Verition Fund Management Limited Liability Co owns 9,938 shares for 0.07% of their portfolio. Royal Bancorp Of Canada has 0.02% invested in V.F. Corporation (NYSE:VFC) for 721,594 shares. Gsa Cap Prtn Limited Liability Partnership reported 3,585 shares.

Since May 14, 2018, it had 0 insider buys, and 4 insider sales for $10.73 million activity. Shares for $1.16 million were sold by BAILEY KEVIN on Monday, May 14. $5.94 million worth of V.F. Corporation (NYSE:VFC) was sold by Rendle Steven E. 20,096 shares were sold by Roe Scott A., worth $1.60M.

Pnc Financial Services Group Inc decreased its stake in V F Corp (VFC) by 0.5% based on its latest 2017Q4 regulatory filing with the SEC. Pnc Financial Services Group Inc sold 704,061 shares as the company’s stock declined 0.19% with the market. The institutional investor held 138.79 million shares of the apparel company at the end of 2017Q4, valued at $10.27B, down from 139.50 million at the end of the previous reported quarter. Pnc Financial Services Group Inc who had been investing in V F Corp for a number of months, seems to be less bullish one the $32.43 billion market cap company. The stock increased 1.14% or $0.93 during the last trading session, reaching $82.21. About 3.43M shares traded or 48.36% up from the average. V.F. Corporation (NYSE:VFC) has risen 34.81% since May 25, 2017 and is uptrending. It has outperformed by 23.26% the S&P500.

Pnc Financial Services Group Inc, which manages about $103.04 billion US Long portfolio, upped its stake in Agnico Eagle Mines Ltd (NYSE:AEM) by 116,838 shares to 240,569 shares, valued at $11.11M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (IVV) by 218,477 shares in the quarter, for a total of 6.42M shares, and has risen its stake in Rexnord Corp New (NYSE:RXN).

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on July, 23. They expect $0.32 earnings per share, up 10.34 % or $0.03 from last year’s $0.29 per share. VFC’s profit will be $126.23M for 64.23 P/E if the $0.32 EPS becomes a reality. After $0.67 actual earnings per share reported by V.F. Corporation for the previous quarter, Wall Street now forecasts -52.24 % negative EPS growth.

More important recent V.F. Corporation (NYSE:VFC) news were published by: Seekingalpha.com which released: “VF Corporation: Taking Profits” on May 03, 2018, also Seekingalpha.com published article titled: “VF (VFC) Q5 2018 Results – Earnings Call Transcript”, Seekingalpha.com published: “VF Corp.: Still Waiting For A Pullback” on May 15, 2018. More interesting news about V.F. Corporation (NYSE:VFC) was released by: Seekingalpha.com and their article: “Argus positive on VF Corp” with publication date: May 21, 2018.

V.F. Corporation (NYSE:VFC) Ratings Coverage

Among 13 analysts covering VF Corp (NYSE:VFC), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. VF Corp has $101 highest and $78 lowest target. $82.77’s average target is 0.68% above currents $82.21 stock price. VF Corp had 18 analyst reports since December 15, 2017 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Friday, January 26 report. The firm earned “Hold” rating on Friday, December 15 by Stifel Nicolaus. The stock has “Buy” rating by Piper Jaffray on Friday, February 16. On Tuesday, February 20 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Buy” rating by Barclays Capital on Friday, February 2. Canaccord Genuity maintained V.F. Corporation (NYSE:VFC) on Monday, April 30 with “Buy” rating. The firm has “Outperform” rating by Robert W. Baird given on Monday, May 7. The firm earned “Neutral” rating on Tuesday, May 8 by Buckingham Research. The stock has “Neutral” rating by JP Morgan on Tuesday, February 20. The rating was maintained by Cowen & Co on Monday, February 5 with “Hold”.

V.F. Corporation (NYSE:VFC) Institutional Positions Chart

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