Vale S.A. (NYSE:VALE) Stock Position Raised by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its stake in Vale S.A. by 50.3%, acquiring an additional 36,681 shares this quarter, bringing their total holdings to 109,536 shares valued at approximately $1.1 million.
• Vale reported an earnings per share (EPS) of $0.50 for the last quarter, exceeding analysts' expectations of $0.34, although revenue of $8.80 billion fell short of the forecasted $9.54 billion.
• Recent analyst ratings for Vale indicate a mixed outlook, with six analysts giving it a "hold" rating and five a "buy," amid target price adjustments ranging from $11.00 to $13.00 per share.

Arkadios Wealth Advisors increased its position in Vale S.A. (NYSE:VALE - Free Report) by 50.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,536 shares of the basic materials company's stock after purchasing an additional 36,681 shares during the quarter. Arkadios Wealth Advisors' holdings in Vale were worth $1,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VALE. FMR LLC raised its stake in Vale by 28.8% in the 4th quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock worth $418,338,000 after acquiring an additional 10,557,888 shares during the last quarter. Lazard Asset Management LLC raised its stake in Vale by 49.3% in the 4th quarter. Lazard Asset Management LLC now owns 18,238,313 shares of the basic materials company's stock worth $161,773,000 after acquiring an additional 6,023,144 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Vale by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,995,398 shares of the basic materials company's stock worth $301,541,000 after acquiring an additional 5,775,590 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Vale by 6,547.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 4,782,424 shares of the basic materials company's stock valued at $42,420,000 after buying an additional 4,710,481 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in shares of Vale during the 4th quarter valued at about $39,775,000. Institutional investors own 21.85% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VALE. 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 research report on Thursday, April 17th. Barclays raised their target price on Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. UBS Group raised their target price on Vale from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Monday. Scotiabank lowered their price objective on Vale from $13.00 to $12.50 and set a "sector perform" rating on the stock in a report on Tuesday, July 22nd. Finally, Wall Street Zen began coverage on shares of Vale in a research report on Wednesday, May 7th. They set a "hold" rating on the stock. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Vale has an average rating of "Hold" and a consensus target price of $11.84.

Vale Stock Up 1.3%

Shares of Vale stock traded up $0.13 during trading on Thursday, reaching $9.98. The company had a trading volume of 19,478,083 shares, compared to its average volume of 38,055,395. The company has a market cap of $45.28 billion, a price-to-earnings ratio of 8.11 and a beta of 0.74. The firm's fifty day moving average is $9.70 and its 200-day moving average is $9.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.74 and a current ratio of 1.22. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $12.05.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.16. Vale had a net margin of 14.23% and a return on equity of 18.14%. The business had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $9.54 billion. On average, analysts anticipate that Vale S.A. will post 1.85 EPS for the current year.

Vale Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 13th will be issued a dividend of $0.3417 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a yield of 740.0%. Vale's payout ratio is presently 58.54%.

About Vale

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.