LPL Financial LLC boosted its stake in Vale S.A. (NYSE:VALE - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 735,445 shares of the basic materials company's stock after acquiring an additional 64,448 shares during the quarter. LPL Financial LLC's holdings in Vale were worth $6,523,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group grew its stake in shares of Vale by 215.9% during the fourth 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 in the last quarter. IFP Advisors Inc grew its stake in Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 1,938 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vale in the 3rd quarter valued at approximately $28,000. Cornerstone Planning Group LLC boosted its stake 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 during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Vale during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 21.85% of the company's stock.
Vale Stock Performance
NYSE VALE traded up $0.30 during trading hours on Friday, hitting $9.20. The company had a trading volume of 38,900,971 shares, compared to its average volume of 30,703,517. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a market cap of $41.78 billion, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 0.31 and a beta of 0.73. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $13.14. The business has a fifty day simple moving average of $9.63 and a 200-day simple moving average of $9.78.
Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.36). The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Equities analysts predict that Vale S.A. will post 1.85 EPS for the current year.
Vale Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.3758 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Vale's previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale's payout ratio is currently 52.08%.
Analyst Ratings Changes
VALE has been the topic of a number of research analyst reports. Scotiabank reduced their price objective 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. Jefferies Financial Group decreased their price target on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Wolfe Research upgraded Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $11.00 to $11.50 in a research report on Thursday. Finally, StockNews.com began coverage on Vale in a research report on Wednesday, April 2nd. They set a "hold" rating on the stock. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.65.
View Our Latest Analysis 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.
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