NewEdge Advisors LLC Sells 77,433 Shares of Vale S.A. $VALE

NewEdge Advisors LLC trimmed its holdings in shares of Vale S.A. (NYSE:VALE) by 90.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 8,318 shares of the basic materials company’s stock after selling 77,433 shares during the quarter. NewEdge Advisors LLC’s holdings in Vale were worth $132,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its holdings in shares of Vale by 46.6% in the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 11,964 shares during the period. Empowered Funds LLC purchased a new stake in shares of Vale during the 1st quarter worth $171,000. Strs Ohio purchased a new stake in shares of Vale during the 1st quarter worth $117,000. Sivia Capital Partners LLC bought a new stake in Vale during the second quarter valued at about $123,000. Finally, EverSource Wealth Advisors LLC boosted its position in Vale by 42.7% during the second quarter. EverSource Wealth Advisors LLC now owns 10,700 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VALE. Wells Fargo & Company reduced their target price on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, July 9th. Scotiabank lowered their price target on shares of Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a report on Monday, July 20th. UBS Group reaffirmed a “neutral” rating and issued a $16.50 price objective on shares of Vale in a research report on Tuesday, August 11th. Barclays boosted their price objective on shares of Vale from $16.75 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Finally, Zacks Research cut shares of Vale from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.00.

Vale Stock Down 1.0%

Shares of VALE stock opened at $15.17 on Thursday. The stock’s fifty day moving average price is $14.67 and its 200 day moving average price is $15.68. Vale S.A. has a 1-year low of $10.08 and a 1-year high of $17.94. The company has a market cap of $68.86 billion, a price-to-earnings ratio of 30.96 and a beta of 0.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Vale had a net margin of 5.11% and a return on equity of 19.87%. On average, research analysts expect that Vale S.A. will post 1.9 earnings per share for the current fiscal year.

Vale Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.3088 per share. The ex-dividend date is Thursday, August 13th. Vale’s dividend payout ratio is 89.80%.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.