Vale S.A. (NYSE:VALE) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC raised its position in Vale S.A. (NYSE:VALE) by 12.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 40,010 shares of the basic materials company’s stock after purchasing an additional 4,321 shares during the period. 180 Wealth Advisors LLC’s holdings in Vale were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of Vale by 22.0% in the fourth quarter. Wellington Management Group LLP now owns 12,315,171 shares of the basic materials company’s stock valued at $195,319,000 after purchasing an additional 2,224,756 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Vale by 4.1% in the first quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company’s stock valued at $149,561,000 after purchasing an additional 485,702 shares during the period. RWC Asset Advisors US LLC increased its position in Vale by 0.7% during the fourth quarter. RWC Asset Advisors US LLC now owns 10,837,103 shares of the basic materials company’s stock worth $171,876,000 after purchasing an additional 75,726 shares during the last quarter. Oaktree Capital Management LP raised its stake in Vale by 8.1% during the fourth quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock worth $149,082,000 after purchasing an additional 705,520 shares during the period. Finally, SPX Gestao de Recursos Ltda boosted its holdings in Vale by 1,422.7% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 8,586,062 shares of the basic materials company’s stock valued at $136,175,000 after purchasing an additional 8,022,188 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Up 0.4 %

Shares of NYSE VALE traded up $0.04 during mid-day trading on Thursday, hitting $10.21. The company had a trading volume of 26,258,925 shares, compared to its average volume of 26,387,029. The company has a market capitalization of $45.75 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 3.57 and a beta of 0.96. The business’s 50-day simple moving average is $11.01 and its 200 day simple moving average is $12.08. Vale S.A. has a 1-year low of $9.66 and a 1-year high of $16.08. 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 Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th will be given a $0.3698 dividend. The ex-dividend date is Monday, August 5th. This represents a yield of 12.1%. This is a positive change from Vale’s previous semi-annual dividend of $0.32. Vale’s dividend payout ratio (DPR) is currently 82.32%.

Analysts Set New Price Targets

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

Vale 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.