Callan Family Office LLC Makes New Investment in Vale S.A. $VALE

Key Points

• Callan Family Office LLC has acquired a new position in Vale S.A., purchasing 36,733 shares for approximately $357,000 in the second quarter.
• Research analysts have mixed views on Vale, with seven analysts rating it as a Buy, six as a Hold, and one as a Sell.
• Vale recently declared a semi-annual dividend yielding 740.0%, although it has also cut its dividend payout ratio to 59.35%.

Callan Family Office LLC acquired a new position in shares of Vale S.A. (NYSE:VALE - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 36,733 shares of the basic materials company's stock, valued at approximately $357,000.

Other large investors have also modified their holdings of the company. Rhumbline Advisers boosted its holdings in Vale by 25.9% during the first quarter. Rhumbline Advisers now owns 166,125 shares of the basic materials company's stock worth $1,658,000 after buying an additional 34,185 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Vale by 38.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,522 shares of the basic materials company's stock worth $225,000 after buying an additional 6,261 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new position in Vale during the first quarter worth $148,000. QRG Capital Management Inc. grew its position in shares of Vale by 38.1% in the first quarter. QRG Capital Management Inc. now owns 74,406 shares of the basic materials company's stock valued at $743,000 after purchasing an additional 20,528 shares during the period. Finally, Cornerstone Wealth Management LLC grew its position in shares of Vale by 20.4% in the first quarter. Cornerstone Wealth Management LLC now owns 15,954 shares of the basic materials company's stock valued at $159,000 after purchasing an additional 2,707 shares during the period. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VALE has been the topic of a number of recent research reports. Wells Fargo & Company upgraded Vale to a "hold" rating in a research note on Wednesday, October 8th. UBS Group boosted their price objective on Vale from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, October 6th. JPMorgan Chase & Co. lowered their target price on Vale from $15.00 to $13.50 and set an "overweight" rating for the company in a report on Thursday, September 4th. Zacks Research raised Vale from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Vale in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.96.

Vale Stock Up 1.8%

VALE stock opened at $11.17 on Thursday. Vale S.A. has a twelve month low of $8.06 and a twelve month high of $11.33. The company has a market cap of $50.68 billion, a PE ratio of 9.08 and a beta of 0.80. The business's 50-day simple moving average is $10.53 and its 200 day simple moving average is $9.89. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.48.

Vale (NYSE:VALE - Get Free Report) 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. The firm had revenue of $8.80 billion during the quarter, compared to analysts' expectations of $9.54 billion. Vale had a net margin of 14.23% and a return on equity of 18.14%. On average, research analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Cuts Dividend

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

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.

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