Signature Estate & Investment Advisors LLC Purchases New Shares in Vale S.A. (NYSE:VALE)

Signature Estate & Investment Advisors LLC purchased a new position in shares of Vale S.A. (NYSE:VALE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,187 shares of the basic materials company’s stock, valued at approximately $125,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc purchased a new stake in shares of Vale during the first quarter worth approximately $26,000. Pacifica Partners Inc. purchased a new position in Vale during the 2nd quarter worth $27,000. Richardson Financial Services Inc. acquired a new stake in shares of Vale in the 4th quarter worth $31,000. GAMMA Investing LLC purchased a new stake in shares of Vale in the fourth quarter valued at about $32,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of Vale during the second quarter worth about $45,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VALE. Morgan Stanley reduced their price objective on shares of Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a research report on Friday, June 21st. UBS Group reduced their price target on Vale from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday, July 5th. BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. Finally, Wolfe Research cut Vale from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.72.

Vale Trading Up 2.6 %

VALE opened at $10.89 on Wednesday. The stock has a market capitalization of $48.82 billion, a PE ratio of 6.02, a P/E/G ratio of 3.57 and a beta of 0.96. Vale S.A. has a 12-month low of $9.66 and a 12-month high of $16.08. The firm’s fifty day moving average price is $10.87 and its 200 day moving average price is $11.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 0.79.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Vale had a net margin of 23.07% and a return on equity of 22.23%. The business had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.97 billion. As a group, research analysts expect that Vale S.A. will post 2.13 EPS for the current fiscal year.

Vale Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 5th will be given a $0.3698 dividend. This represents a yield of 12.1%. The ex-dividend date of this dividend is Monday, August 5th. This is a positive change from Vale’s previous semi-annual dividend of $0.32. Vale’s dividend payout ratio is currently 64.09%.

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.