7,130 Shares in Vale S.A. (NYSE:VALE) Purchased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC purchased a new position in shares of Vale S.A. (NYSE:VALE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,130 shares of the basic materials company’s stock, valued at approximately $71,000.

Other large investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new stake in Vale in the 1st quarter valued at about $41,000. Golden State Wealth Management LLC lifted its position in shares of Vale by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 2,713 shares during the period. Allworth Financial LP lifted its position in shares of Vale by 233.7% in the 1st quarter. Allworth Financial LP now owns 5,440 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 3,810 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Vale in the 1st quarter worth approximately $64,000. Finally, Deuterium Capital Management LLC purchased a new stake in shares of Vale in the 1st quarter worth approximately $100,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Trading Up 2.3%

NYSE VALE opened at $10.22 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $46.39 billion, a PE ratio of 8.31 and a beta of 0.74. The company has a 50 day moving average price of $9.74 and a 200 day moving average price of $9.60. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $12.05.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. Vale had a net margin of 14.23% and a return on equity of 18.14%. The business had revenue of $8.80 billion for the quarter, compared to analyst estimates of $9.54 billion. As a group, sell-side analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.3417 per share. The ex-dividend date is Wednesday, August 13th. This represents a yield of 740.0%. Vale’s dividend payout ratio is presently 35.77%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VALE shares. Wall Street Zen started coverage on shares of Vale in a research report on Wednesday, May 7th. They issued a “hold” rating for the company. CICC Research started coverage on shares of Vale in a research report on Monday, May 12th. They issued an “outperform” rating and a $11.30 price target for the company. UBS Group upped their price target on shares of Vale from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Scotiabank lowered their price target on shares of Vale from $13.00 to $12.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 22nd. Finally, Barclays upped their price target on shares of Vale from $12.75 to $13.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.84.

Vale Company 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.