Cetera Investment Advisers Invests $2.24 Million in Vale S.A. (NYSE:VALE)

Key Points

• Cetera Investment Advisers invested approximately $2.24 million in VALE S.A. by acquiring 224,647 shares during the 1st quarter.
• VALE's earnings report showed a profit of $0.50 per share, beating estimates, although its revenue fell short at $8.80 billion.
• Analysts have mixed ratings on VALE, with a consensus rating of "Hold" and a price target averaging $11.84.

Cetera Investment Advisers acquired a new stake in shares of Vale S.A. (NYSE:VALE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 224,647 shares of the basic materials company's stock, valued at approximately $2,242,000.

Several other institutional investors and hedge funds have also bought and sold shares of VALE. Orion Portfolio Solutions LLC grew its holdings in Vale by 31.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,242 shares of the basic materials company's stock valued at $144,000 after purchasing an additional 3,923 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Vale by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 716,909 shares of the basic materials company's stock worth $6,359,000 after acquiring an additional 15,713 shares during the period. National Bank of Canada FI boosted its holdings in shares of Vale by 6.7% in the fourth quarter. National Bank of Canada FI now owns 94,814 shares of the basic materials company's stock worth $841,000 after acquiring an additional 5,928 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Vale by 10.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,073,716 shares of the basic materials company's stock worth $9,524,000 after acquiring an additional 99,562 shares during the period. Finally, FMR LLC boosted its holdings in shares of Vale by 28.8% in the fourth 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 period. 21.85% of the stock is owned by institutional investors.

Vale Price Performance

Shares of VALE stock traded up $0.23 on Friday, reaching $10.22. The company's stock had a trading volume of 41,937,507 shares, compared to its average volume of 50,015,028. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 0.48. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $12.05. The company has a market capitalization of $46.39 billion, a P/E ratio of 8.31 and a beta of 0.74. The stock's 50 day simple moving average is $9.74 and its 200-day simple moving average is $9.60.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings results 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 return on equity of 18.14% and a net margin of 14.23%. The business had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $9.54 billion. As a group, equities analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank cut their price target on Vale from $13.00 to $12.50 and set a "sector perform" rating for the company in a report on Tuesday, July 22nd. Barclays raised their price target on Vale from $12.75 to $13.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $11.00 price target (down from $12.00) on shares of Vale in a report on Thursday, April 17th. CICC Research began coverage on Vale in a report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price target for the company. Finally, UBS Group increased their price objective on Vale from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Six investment 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 price target of $11.84.

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.