Vanguard Capital Wealth Advisors lowered its stake in shares of Vale SA (NYSE:VALE) by 64.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,915 shares of the basic materials company’s stock after selling 38,475 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Vale were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. United Services Automobile Association grew its stake in shares of Vale by 27.1% in the 2nd quarter. United Services Automobile Association now owns 18,763 shares of the basic materials company’s stock valued at $241,000 after buying an additional 3,999 shares during the period. Private Asset Management Inc. grew its stake in shares of Vale by 12.4% in the 2nd quarter. Private Asset Management Inc. now owns 40,016 shares of the basic materials company’s stock valued at $509,000 after buying an additional 4,416 shares during the period. 180 Wealth Advisors LLC lifted its holdings in shares of Vale by 22.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 25,572 shares of the basic materials company’s stock worth $328,000 after acquiring an additional 4,720 shares during the last quarter. Rational Advisors LLC lifted its holdings in shares of Vale by 49.5% in the 1st quarter. Rational Advisors LLC now owns 14,951 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 4,951 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Vale by 84.1% in the 2nd quarter. Johnson Financial Group Inc. now owns 11,600 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 5,300 shares during the last quarter. 20.01% of the stock is owned by institutional investors.
Vale stock traded up $0.09 during mid-day trading on Friday, reaching $15.24. 755,423 shares of the company’s stock were exchanged, compared to its average volume of 23,309,348. The firm has a market cap of $83.12 billion, a PE ratio of 11.47 and a beta of 1.72. Vale SA has a twelve month low of $9.53 and a twelve month high of $16.13. The company has a quick ratio of 1.25, a current ratio of 1.68 and a debt-to-equity ratio of 0.38.
Vale (NYSE:VALE) last released its earnings results on Thursday, July 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.18. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.75 billion. Vale had a net margin of 13.17% and a return on equity of 17.47%. On average, equities research analysts anticipate that Vale SA will post 1.4 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Thursday, September 27th. Shareholders of record on Monday, August 6th were given a $0.0462 dividend. The ex-dividend date of this dividend was Friday, August 3rd. Vale’s dividend payout ratio is presently 5.93%.
Several brokerages have recently commented on VALE. Jefferies Financial Group upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Friday, September 7th. Macquarie lowered shares of Vale from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 25th. Zacks Investment Research upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, August 22nd. ValuEngine lowered shares of Vale from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Finally, BMO Capital Markets set a $16.00 target price on shares of Vale and gave the stock a “buy” rating in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Vale currently has an average rating of “Buy” and a consensus price target of $15.05.
Vale Company Profile
Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.
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