Vale S.A. (NYSE:VALE) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC trimmed its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 72.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,240 shares of the basic materials company's stock after selling 116,015 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Vale were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vale during the 3rd quarter worth $28,000. Brooklyn Investment Group grew its holdings in Vale by 215.9% during the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after buying an additional 1,900 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Vale during the 3rd quarter valued at $36,000. R Squared Ltd acquired a new stake in shares of Vale during the fourth quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Vale during the 3rd quarter worth about $79,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VALE shares. Barclays lowered their price target on shares of Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a report on Wednesday, December 4th. Jefferies Financial Group lowered their price objective on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, January 6th. UBS Group downgraded shares of Vale from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Morgan Stanley lowered Vale from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, Scotiabank reduced their price target on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Vale has a consensus rating of "Hold" and an average price target of $13.89.

Vale Stock Up 1.0 %

NYSE VALE traded up $0.10 during mid-day trading on Monday, reaching $9.57. 22,418,057 shares of the company's stock traded hands, compared to its average volume of 38,888,500. Vale S.A. has a 1-year low of $8.38 and a 1-year high of $13.77. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $43.42 billion, a price-to-earnings ratio of 4.43, a P/E/G ratio of 0.30 and a beta of 0.91. The company has a fifty day simple moving average of $9.08 and a 200-day simple moving average of $10.04.

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.