Corient Private Wealth LP Invests $1.14 Million in Vale S.A. $VALE

Corient Private Wealth LP acquired a new stake in shares of Vale S.A. (NYSE:VALE) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 75,653 shares of the basic materials company’s stock, valued at approximately $1,138,000.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Vale by 2.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock valued at $377,000 after buying an additional 632 shares during the period. Chesapeake Capital Corp IL lifted its position in shares of Vale by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 72,358 shares of the basic materials company’s stock worth $943,000 after purchasing an additional 646 shares in the last quarter. NewEdge Wealth LLC boosted its position in Vale by 2.8% in the 1st quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock valued at $410,000 after buying an additional 708 shares during the period. Quadrant Capital Group LLC boosted its holdings in Vale by 1.3% in the fourth quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock valued at $871,000 after purchasing an additional 853 shares during the period. Finally, Parallel Advisors LLC grew its stake in Vale by 5.4% during the 3rd quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 885 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VALE. Bank of America restated a “neutral” rating and issued a $16.00 price target (down from $18.00) on shares of Vale in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of Vale in a research note on Friday, May 15th. Freedom Broker cut Vale from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $16.50 price target (down from $19.50) on shares of Vale in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Vale currently has a consensus rating of “Hold” and an average target price of $16.33.

Vale Stock Performance

Shares of VALE stock opened at $15.28 on Friday. The company’s fifty day simple moving average is $14.67 and its 200-day simple moving average is $15.61. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. Vale S.A. has a 52 week low of $10.33 and a 52 week high of $17.94. The company has a market cap of $69.36 billion, a PE ratio of 31.18 and a beta of 0.49.

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

Vale Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be given a dividend of $0.3088 per share. The ex-dividend date of this dividend is Thursday, August 13th. Vale’s 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.