180 Wealth Advisors LLC Sells 5,208 Shares of Vale S.A. (NYSE:VALE)

180 Wealth Advisors LLC reduced its holdings in shares of Vale S.A. (NYSE:VALE) by 11.5% in the second quarter, Holdings Channel reports. The institutional investor owned 40,244 shares of the basic materials company’s stock after selling 5,208 shares during the period. 180 Wealth Advisors LLC’s holdings in Vale were worth $554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Level Four Advisory Services LLC lifted its stake in Vale by 9.0% during the 2nd quarter. Level Four Advisory Services LLC now owns 29,107 shares of the basic materials company’s stock valued at $391,000 after acquiring an additional 2,393 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Vale by 1.4% during the second quarter. AE Wealth Management LLC now owns 317,839 shares of the basic materials company’s stock valued at $4,265,000 after purchasing an additional 4,532 shares in the last quarter. SG Americas Securities LLC purchased a new position in Vale during the second quarter worth about $5,316,000. Radnor Capital Management LLC bought a new stake in Vale in the 2nd quarter worth about $753,000. Finally, Richard P Slaughter Associates Inc grew its position in Vale by 5.4% in the 2nd quarter. Richard P Slaughter Associates Inc now owns 166,322 shares of the basic materials company’s stock worth $2,232,000 after purchasing an additional 8,562 shares in the last quarter. 16.90% of the stock is owned by institutional investors.

Vale Stock Down 1.4 %

VALE opened at $14.12 on Tuesday. The company has a 50 day moving average of $13.64 and a 200 day moving average of $14.23. The company has a current ratio of 1.15, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Vale S.A. has a 12 month low of $12.22 and a 12 month high of $19.31. The company has a market cap of $63.28 billion, a PE ratio of 5.86 and a beta of 0.89.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). The company had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $9.82 billion. Vale had a return on equity of 28.86% and a net margin of 27.29%. On average, sell-side analysts expect that Vale S.A. will post 1.92 EPS for the current year.

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, September 11th. Stockholders of record on Tuesday, August 15th were given a $0.4056 dividend. This is a positive change from Vale’s previous semi-annual dividend of $0.35. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, August 14th. Vale’s dividend payout ratio (DPR) is 27.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VALE shares. JPMorgan Chase & Co. boosted their target price on Vale from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, September 14th. Wolfe Research upgraded Vale from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research note on Tuesday, July 11th. StockNews.com began coverage on Vale in a research note on Friday, September 8th. They set a “buy” rating on the stock. Scotiabank lowered shares of Vale from a “sector outperform” rating to a “sector perform” rating and set a $16.00 price target for the company. in a research report on Wednesday, June 28th. Finally, BNP Paribas lowered shares of Vale from a “neutral” rating to an “underperform” rating and set a $13.20 price objective on the stock. in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Vale presently has an average rating of “Moderate Buy” and a consensus price target of $17.02.

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.