Financial Perspectives Inc Purchases 1,901 Shares of Vale S.A. $VALE

Financial Perspectives Inc boosted its holdings in Vale S.A. (NYSE:VALE) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,541 shares of the basic materials company’s stock after purchasing an additional 1,901 shares during the period. Financial Perspectives Inc’s holdings in Vale were worth $287,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VALE. Banque Transatlantique SA purchased a new position in Vale in the first quarter valued at approximately $30,000. GAMMA Investing LLC raised its stake in shares of Vale by 98.4% in the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after buying an additional 2,021 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of Vale during the 1st quarter valued at $41,000. Golden State Wealth Management LLC lifted its position in shares of Vale by 193.0% during the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company’s stock valued at $41,000 after buying an additional 2,713 shares during the last quarter. Finally, Thompson Investment Management Inc. bought a new position in shares of Vale during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of NYSE VALE opened at $11.11 on Monday. The stock has a market capitalization of $50.43 billion, a P/E ratio of 9.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85. Vale S.A. has a one year low of $8.06 and a one year high of $11.33. The firm’s 50 day simple moving average is $10.57 and its two-hundred day simple moving average is $9.91.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. Vale had a return on equity of 18.14% and a net margin of 14.23%.The business had revenue of $8.80 billion for the quarter, compared to analysts’ expectations of $9.54 billion. As a group, analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 13th were issued a dividend of $0.3417 per share. This represents a yield of 740.0%. The ex-dividend date was Wednesday, August 13th. Vale’s payout ratio is currently 59.35%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VALE shares. Morgan Stanley set a $11.50 target price on Vale in a report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Vale from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Zacks Research upgraded shares of Vale from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 8th. Clarkson Capital initiated coverage on shares of Vale in a report on Wednesday, September 3rd. They issued a “buy” rating and a $12.00 price target for the company. Finally, Wells Fargo & Company upgraded shares of Vale to a “hold” rating in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vale currently has an average rating of “Hold” and a consensus target price of $12.09.

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.