Commonwealth Equity Services LLC boosted its holdings in shares of Vale S.A. (NYSE:VALE – Free Report) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,976 shares of the basic materials company’s stock after purchasing an additional 32,154 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Vale were worth $3,897,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in VALE. Pathstone Family Office LLC boosted its position in shares of Vale by 6.1% during the 4th quarter. Pathstone Family Office LLC now owns 11,612 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 664 shares in the last quarter. Nwam LLC grew its stake in shares of Vale by 5.4% in the 4th quarter. Nwam LLC now owns 15,342 shares of the basic materials company’s stock valued at $260,000 after purchasing an additional 790 shares during the period. Checchi Capital Advisers LLC raised its holdings in shares of Vale by 1.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 46,338 shares of the basic materials company’s stock worth $731,000 after buying an additional 884 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Vale by 6.5% during the 1st quarter. Confluence Investment Management LLC now owns 15,015 shares of the basic materials company’s stock worth $237,000 after buying an additional 921 shares during the period. Finally, CWM LLC lifted its position in shares of Vale by 22.7% during the 1st quarter. CWM LLC now owns 5,069 shares of the basic materials company’s stock worth $80,000 after buying an additional 938 shares during the period. 16.90% of the stock is owned by institutional investors.
Vale Stock Performance
Shares of VALE stock opened at $13.99 on Monday. The stock has a market cap of $62.72 billion, a PE ratio of 5.80 and a beta of 0.89. The stock has a 50-day moving average of $13.59 and a 200-day moving average of $14.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.76. Vale S.A. has a one year low of $11.72 and a one year high of $19.31.
Vale Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Monday, September 11th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.4056 per share. The ex-dividend date of this dividend is Monday, August 14th. This is an increase from Vale’s previous semi-annual dividend of $0.35. This represents a dividend yield of 5.1%. Vale’s dividend payout ratio (DPR) is presently 28.63%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on VALE shares. Morgan Stanley cut their target price on shares of Vale from $18.00 to $17.00 in a research note on Wednesday, June 21st. Wolfe Research upgraded Vale from a “peer perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a report on Tuesday, July 11th. StockNews.com assumed coverage on Vale in a report on Thursday, August 17th. They issued a “buy” rating for the company. Scotiabank lowered shares of Vale from a “sector outperform” rating to a “sector perform” rating and set a $16.00 price objective on the stock. in a report on Wednesday, June 28th. Finally, Jefferies Financial Group boosted their target price on shares of Vale from $16.00 to $18.00 in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.82.
Read Our Latest Report on VALE
Vale Profile
Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.
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