2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. cut its holdings in Vale S.A.
( NYSE:VALE – Free Report ) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 744,106 shares of the basic materials company’s stock after selling 157,127 shares during the period.
Envestnet Asset Management Inc.’s holdings in Vale were worth $6,600,000 at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company.
Brooklyn Investment Group lifted its stake in shares of Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,900 shares during the last quarter.
IFP Advisors Inc increased its stake in Vale by 206.4% in the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,938 shares during the period.
Cornerstone Planning Group LLC increased its stake in Vale by 3,092.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,092 shares during the period.
Stonebridge Financial Group LLC bought a new stake in Vale in the fourth quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. boosted its stake in shares of Vale by 68.
3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,623 shares during the period.
21.85% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several research analysts recently commented on VALE shares.
Scotiabank decreased their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th.
StockNews.com initiated coverage on shares of Vale in a research report on Wednesday, April 2nd. They issued a “hold” rating on the stock.
Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 target price (down from $12.00) on shares of Vale in a report on Thursday.
Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and boosted their price target for the company from $11.00 to $11.50 in a report on Thursday, April 10th.
Finally, Jefferies Financial Group dropped their price objective on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th.
Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.44.
Vale Stock Performance Vale stock opened at $9.10 on Monday. Vale S.
A. has a fifty-two week low of $8.06 and a fifty-two week high of $13.
14. The stock’s 50 day simple moving average is $9.58 and its two-hundred day simple moving average is $9.
68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.
58 and a current ratio of 0.91. The stock has a market cap of $41.
28 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.31 and a beta of 0.
73. Vale ( NYSE:VALE – Get Free Report ) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.
20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36).
The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion.
Vale had a net margin of 16.15% and a return on equity of 17.38%.
As a group, analysts expect that Vale S.A. will post 1.
85 earnings per share for the current fiscal year. Vale Increases Dividend The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.
3758 dividend. This represents a dividend yield of 7.5%.
This is a positive change from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date of this dividend was Monday, March 10th.
Vale’s dividend payout ratio (DPR) is presently 52.08%. Vale Company Profile ( Free Report ) 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. Further Reading Five stocks we like better than Vale What is the Euro STOXX 50 Index? With a 60%+ Upside, There’s Plenty to Love About Lovesac Stock Dividend Cuts Happen Are You Ready? J.
B. Hunt Transport Overcorrects Into a Buying Opportunity Do ETFs Pay Dividends? What You Need to Know AppLovin: Can Record Profits Overcome Market Skepticism? Want to see what other hedge funds are holding VALE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vale S.
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