Realta Investment Advisors Lowers Holdings in Vale S.A. (NYSE:VALE)

Realta Investment Advisors lessened its stake in Vale S.A. (NYSE:VALEFree Report) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,303 shares of the basic materials company’s stock after selling 1,796 shares during the quarter. Realta Investment Advisors’ holdings in Vale were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in shares of Vale in the 1st quarter worth about $28,000. Whittier Trust Co. increased its holdings in Vale by 423.1% in the 4th quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock worth $31,000 after buying an additional 1,578 shares in the last quarter. Systematic Alpha Investments LLC bought a new stake in Vale in the 3rd quarter worth about $31,000. AdvisorNet Financial Inc increased its holdings in Vale by 44.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,702 shares of the basic materials company’s stock worth $36,000 after buying an additional 835 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Vale by 2,502.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company’s stock worth $45,000 after buying an additional 2,728 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

VALE has been the subject of several research analyst reports. Barclays reduced their price objective on Vale from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 price objective on shares of Vale in a report on Monday, February 12th. StockNews.com initiated coverage on Vale in a report on Saturday. They issued a “buy” rating for the company. Finally, UBS Group lifted their price objective on Vale from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vale currently has a consensus rating of “Moderate Buy” and an average target price of $16.98.

Get Our Latest Stock Analysis on VALE

Vale Trading Down 0.7 %

Shares of NYSE:VALE opened at $12.10 on Tuesday. The stock has a 50 day moving average of $13.13 and a 200 day moving average of $13.93. The company has a market cap of $54.25 billion, a PE ratio of 6.61 and a beta of 0.97. The company has a current ratio of 1.28, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. Vale S.A. has a 12-month low of $11.88 and a 12-month high of $16.60.

Vale (NYSE:VALEGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.48). Vale had a return on equity of 20.00% and a net margin of 19.10%. The business had revenue of $13.05 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. As a group, equities research analysts expect that Vale S.A. will post 2.61 EPS for the current year.

Vale Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.3182 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a dividend yield of 9.7%. Vale’s dividend payout ratio (DPR) is 64.48%.

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.

See Also

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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