Vale S.A. $VALE Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in shares of Vale S.A. (NYSE:VALE) by 12.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,435 shares of the basic materials company’s stock after selling 28,212 shares during the quarter. Cetera Investment Advisers’ holdings in Vale were worth $1,907,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VALE. Park Avenue Securities LLC boosted its stake in Vale by 8.5% in the 2nd quarter. Park Avenue Securities LLC now owns 13,935 shares of the basic materials company’s stock worth $135,000 after buying an additional 1,087 shares during the last quarter. MAI Capital Management boosted its position in shares of Vale by 5.1% in the first quarter. MAI Capital Management now owns 23,597 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 1,155 shares during the last quarter. Ascent Group LLC boosted its position in shares of Vale by 2.3% in the second quarter. Ascent Group LLC now owns 61,364 shares of the basic materials company’s stock worth $596,000 after acquiring an additional 1,396 shares during the last quarter. Wellington Shields Capital Management LLC grew its holdings in Vale by 3.8% in the second quarter. Wellington Shields Capital Management LLC now owns 41,500 shares of the basic materials company’s stock valued at $403,000 after purchasing an additional 1,500 shares during the period. Finally, Moran Wealth Management LLC increased its position in Vale by 2.7% during the second quarter. Moran Wealth Management LLC now owns 58,834 shares of the basic materials company’s stock worth $571,000 after purchasing an additional 1,537 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Up 1.2%

Shares of NYSE VALE opened at $12.67 on Friday. The stock has a fifty day moving average price of $11.61 and a 200 day moving average price of $10.50. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $12.72. The company has a market cap of $57.49 billion, a P/E ratio of 10.30 and a beta of 0.82.

Vale (NYSE:VALE) last issued its earnings results on Thursday, October 30th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.14. Vale had a return on equity of 18.14% and a net margin of 14.23%.The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.39 billion. Research analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on VALE. Hsbc Global Res upgraded shares of Vale to a “strong-buy” rating in a report on Friday, October 17th. Scotiabank upgraded Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 target price on the stock in a report on Thursday, September 18th. UBS Group boosted their price target on Vale from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company raised their price objective on Vale from $11.00 to $12.00 and gave the stock a “cautious” rating in a report on Tuesday, November 4th. Finally, Jefferies Financial Group set a $15.00 price objective on Vale and gave the company a “buy” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.61.

About Vale

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.