Strategic Wealth Partners Ltd. Sells 13,150 Shares of Vale S.A. (NYSE:VALE)

Strategic Wealth Partners Ltd. decreased its position in Vale S.A. (NYSE:VALE) by 45.6% during the fourth quarter, HoldingsChannel reports. The firm owned 15,664 shares of the basic materials company’s stock after selling 13,150 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Vale were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in Vale by 39.4% during the fourth quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company’s stock worth $3,103,000 after acquiring an additional 98,899 shares during the period. IFP Advisors Inc lifted its stake in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,938 shares during the period. Truist Financial Corp grew its position in Vale by 18.2% during the fourth quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company’s stock worth $299,000 after buying an additional 5,189 shares in the last quarter. US Bancorp DE grew its position in Vale by 164.5% during the fourth quarter. US Bancorp DE now owns 148,857 shares of the basic materials company’s stock worth $1,320,000 after buying an additional 92,570 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in Vale by 92.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 26,689 shares of the basic materials company’s stock valued at $237,000 after acquiring an additional 12,801 shares during the period. Institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VALE. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 price target (down previously from $12.00) on shares of Vale in a research note on Thursday, April 17th. CICC Research began coverage on shares of Vale in a report on Monday, May 12th. They issued an “outperform” rating and a $11.30 price target on the stock. StockNews.com started coverage on shares of Vale in a report on Wednesday, May 7th. They set a “hold” rating for the company. Finally, UBS Group lowered their target price on shares of Vale from $10.50 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.04.

Vale Stock Up 0.3%

VALE opened at $9.83 on Tuesday. The firm’s 50-day simple moving average is $9.51 and its 200-day simple moving average is $9.48. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $13.14. The firm has a market cap of $44.62 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.31 and a beta of 0.83.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Equities research analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.3758 dividend. This is an increase from Vale’s previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, March 10th. Vale’s payout ratio is presently 54.35%.

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.