Comprehensive Money Management Services LLC Makes New $295,000 Investment in Vale S.A. (NYSE:VALE)

Comprehensive Money Management Services LLC acquired a new position in shares of Vale S.A. (NYSE:VALE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 33,247 shares of the basic materials company's stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also modified their holdings of VALE. Janney Montgomery Scott LLC raised its holdings in shares of Vale by 166.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 73,568 shares of the basic materials company's stock worth $653,000 after acquiring an additional 45,949 shares in the last quarter. Mutual Advisors LLC raised its holdings in Vale by 23.7% during the fourth quarter. Mutual Advisors LLC now owns 23,184 shares of the basic materials company's stock valued at $203,000 after buying an additional 4,449 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Vale during the fourth quarter valued at about $118,000. Drive Wealth Management LLC bought a new position in Vale during the fourth quarter valued at about $99,000. Finally, Union Bancaire Privee UBP SA bought a new position in Vale during the fourth quarter valued at about $95,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VALE shares. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 target price (down from $12.00) on shares of Vale in a report on Thursday, April 17th. UBS Group lowered their price target on Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. CICC Research started coverage on Vale in a research report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price target on the stock. Bank of America raised Vale from a "neutral" rating to a "buy" rating and raised their price target for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Finally, Wall Street Zen started coverage on Vale in a research report on Wednesday, May 7th. They issued a "hold" rating on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Vale currently has a consensus rating of "Hold" and a consensus price target of $12.04.

Vale Stock Performance

VALE stock traded down $0.30 during trading on Friday, reaching $9.14. 41,858,447 shares of the stock were exchanged, compared to its average volume of 30,878,483. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $12.05. The company has a market capitalization of $41.49 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83. The stock has a 50 day simple moving average of $9.43 and a 200-day simple moving average of $9.42. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE - Get Free Report) last released its earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. As a group, sell-side analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

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.