NewEdge Advisors LLC Increases Stake in Vale S.A. (NYSE:VALE)

NewEdge Advisors LLC boosted its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 2,160.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,696 shares of the basic materials company's stock after purchasing an additional 72,347 shares during the period. NewEdge Advisors LLC's holdings in Vale were worth $671,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VALE. Brooklyn Investment Group increased its holdings in Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock worth $25,000 after buying an additional 1,900 shares during the period. IFP Advisors Inc increased its stake in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after acquiring an additional 1,938 shares during the period. Cornerstone Planning Group LLC raised its holdings in shares of Vale by 3,092.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock worth $29,000 after purchasing an additional 3,092 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Vale during the fourth quarter valued at $30,000. Finally, Atlas Capital Advisors Inc. boosted its holdings in Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 1,623 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Wall Street Analysts Forecast Growth

VALE has been the subject of several analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 price objective (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. Scotiabank lowered their price objective on Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Monday, January 6th. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. StockNews.com initiated coverage on shares of Vale in a research report on Wednesday, April 2nd. They set a "hold" rating on the stock. Finally, Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and increased their target price for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $12.44.

Vale Price Performance

NYSE:VALE opened at $9.51 on Friday. The stock has a 50 day moving average of $9.56 and a two-hundred day moving average of $9.63. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $13.14. The firm has a market cap of $43.17 billion, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 0.31 and a beta of 0.73. 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 (NYSE:VALE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Vale had a return on equity of 17.38% and a net margin of 16.15%. The firm had revenue of $8.12 billion for the quarter, compared to analysts' expectations of $8.39 billion. On average, analysts expect that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.3758 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Vale's previous semi-annual dividend of $0.30. This represents a yield of 7.5%. Vale's payout ratio is presently 52.08%.

Vale Profile

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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