Vale S.A. (NYSE:VALE) Holdings Decreased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC trimmed its holdings in shares of Vale S.A. (NYSE:VALE) by 15.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,908 shares of the basic materials company’s stock after selling 1,084 shares during the period. EverSource Wealth Advisors LLC’s holdings in Vale were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of VALE. Cambridge Investment Research Advisors Inc. boosted its position in Vale by 85.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 491,207 shares of the basic materials company’s stock valued at $7,791,000 after purchasing an additional 225,806 shares during the last quarter. Oaktree Capital Management LP boosted its holdings in Vale by 8.1% in the fourth quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock worth $149,082,000 after purchasing an additional 705,520 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Vale by 49,161.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,413 shares of the basic materials company’s stock worth $38,705,000 after purchasing an additional 2,435,459 shares in the last quarter. Virtu Financial LLC bought a new stake in Vale in the first quarter worth $1,379,000. Finally, M&T Bank Corp acquired a new position in Vale during the 4th quarter worth $190,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Price Performance

Shares of VALE traded up $0.17 during mid-day trading on Tuesday, hitting $10.12. 23,854,104 shares of the company traded hands, compared to its average volume of 26,175,855. Vale S.A. has a one year low of $9.66 and a one year high of $16.08. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $11.25 and a 200 day moving average of $12.25. The stock has a market capitalization of $45.37 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 3.57 and a beta of 0.96.

Vale Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.3698 per share. This is a boost from Vale’s previous semi-annual dividend of $0.32. This represents a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, August 5th. Vale’s dividend payout ratio is 65.19%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VALE. Morgan Stanley cut their target price on shares of Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a research report on Friday, June 21st. Wolfe Research lowered shares of Vale from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 17th. BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. Barclays increased their price target on shares of Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, UBS Group decreased their price objective on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, July 5th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Vale has an average rating of “Moderate Buy” and a consensus target price of $16.72.

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.