14,736 Shares in Vale S.A. (NYSE:VALE) Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC purchased a new stake in shares of Vale S.A. (NYSE:VALEGet Rating) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,736 shares of the basic materials company’s stock, valued at approximately $216,000.

A number of other institutional investors have also made changes to their positions in VALE. Sargent Bickham Lagudis LLC increased its position in shares of Vale by 105.9% during the first quarter. Sargent Bickham Lagudis LLC now owns 1,256 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 646 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Vale by 1,566.7% during the first quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,175 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Vale during the first quarter valued at about $25,000. Vigilant Capital Management LLC purchased a new position in shares of Vale in the second quarter valued at approximately $25,000. Finally, Cornerstone Advisory LLC purchased a new position in shares of Vale in the fourth quarter valued at approximately $28,000. 19.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VALE has been the subject of several recent research reports. Morgan Stanley reissued an “equal weight” rating on shares of Vale in a research note on Thursday, June 23rd. BNP Paribas lowered shares of Vale from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Wednesday, July 13th. Exane BNP Paribas lowered shares of Vale from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Wednesday, July 13th. Itaú Unibanco downgraded shares of Vale to a “market perform” rating and set a $15.00 price target for the company. in a research note on Wednesday, August 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vale from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, June 29th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.23.

Vale Stock Up 3.9 %

Shares of NYSE:VALE opened at $13.64 on Friday. The company has a market capitalization of $62.62 billion, a PE ratio of 3.34, a P/E/G ratio of 1.16 and a beta of 0.94. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.40. Vale S.A. has a twelve month low of $11.16 and a twelve month high of $21.29. The firm has a 50 day simple moving average of $13.08 and a 200-day simple moving average of $15.76.

Vale (NYSE:VALEGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The basic materials company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The business had revenue of $11.16 billion during the quarter, compared to the consensus estimate of $11.67 billion. Vale had a net margin of 41.72% and a return on equity of 57.75%. On average, equities analysts predict that Vale S.A. will post 3.11 EPS for the current fiscal year.

Vale Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were issued a $0.3907 dividend. The ex-dividend date was Friday, August 12th. This represents a dividend yield of 21.9%. Vale’s payout ratio is 19.12%.

Vale Profile

(Get Rating)

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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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