2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lessened its position in Vale S.A.
( NYSE:VALE – Free Report ) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in VALE.
Brooklyn Investment Group lifted its stake in Vale by 215.9% during 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 period.
IFP Advisors Inc increased its stake in shares of 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 in the last quarter.
Cornerstone Planning Group LLC lifted its position in shares of Vale by 3,092.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock valued at $29,000 after buying an additional 3,092 shares in the last quarter.
Stonebridge Financial Group LLC purchased a new position in Vale during the fourth quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. boosted its holdings in Vale by 68.
3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,623 shares during the period.
Hedge funds and other institutional investors own 21.85% of the company’s stock. Vale Trading Up 1.
1 % Shares of Vale stock opened at $9.10 on Monday. The company has a current ratio of 0.
91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.
Vale S.A. has a twelve month low of $8.
06 and a twelve month high of $13.14. The firm has a market capitalization of $41.
28 billion, a PE ratio of 6.32, a P/E/G ratio of 0.31 and a beta of 0.
73. The firm’s 50-day moving average price is $9.58 and its 200 day moving average price is $9.
68. Vale Increases Dividend The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.
3758 dividend. This represents a dividend yield of 7.5%.
The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Vale’s previous semi-annual dividend of $0.30.
Vale’s dividend payout ratio is 52.08%. Analysts Set New Price Targets Several research firms have recently issued reports on VALE.
Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $11.00 to $11.50 in a research report on Thursday, April 10th.
Jefferies Financial Group lowered their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th.
Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 target price (down previously from $12.
00) on shares of Vale in a research report on Thursday. Finally, StockNews.com assumed coverage on Vale in a research note on Wednesday, April 2nd.
They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.
44. Get Our Latest Research Report on Vale 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 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.
A. ( NYSE:VALE – Free Report ). Receive News & Ratings for Vale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale and related companies with MarketBeat.
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