RWA Wealth Partners LLC Decreases Stock Holdings in Vale S.A. (NYSE:VALE)

RWA Wealth Partners LLC lowered its position in Vale S.A. (NYSE:VALE) by 37.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,575 shares of the basic materials company’s stock after selling 7,000 shares during the period. RWA Wealth Partners LLC’s holdings in Vale were worth $103,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Vale in the third quarter valued at about $1,126,000. Bank of Montreal Can raised its position in shares of Vale by 274.4% in the 3rd quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company’s stock valued at $1,915,000 after purchasing an additional 119,061 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Vale in the 3rd quarter worth approximately $1,422,000. NFJ Investment Group LLC grew its position in Vale by 17.6% during the 3rd quarter. NFJ Investment Group LLC now owns 469,036 shares of the basic materials company’s stock worth $5,478,000 after purchasing an additional 70,278 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Vale by 57.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,778,126 shares of the basic materials company’s stock worth $44,129,000 after purchasing an additional 1,371,478 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

VALE has been the subject of several research reports. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. StockNews.com started coverage on Vale in a research note on Wednesday. They set a “hold” rating on the stock. Jefferies Financial Group reduced their price objective on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Barclays dropped their target price on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Finally, Scotiabank reduced their price target on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.26.

Vale Trading Up 1.4 %

Vale stock opened at $10.12 on Wednesday. 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 firm has a market cap of $45.91 billion, a PE ratio of 7.02, a P/E/G ratio of 0.31 and a beta of 0.85. The stock’s 50 day simple moving average is $9.66 and its two-hundred day simple moving average is $9.89. Vale S.A. has a 12 month low of $8.38 and a 12 month high of $13.14.

Vale (NYSE:VALE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.36). The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current 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 paid a $0.3758 dividend. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Vale’s previous semi-annual dividend of $0.30. Vale’s payout ratio is currently 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.