Compound Planning Inc. Buys 48,643 Shares of Vale S.A. $VALE

Key Points

• Compound Planning Inc. increased its stake in Vale S.A. by 209.7%, owning a total of 71,837 shares worth approximately $717,000 after acquiring 48,643 additional shares in the first quarter.
• Several institutional investors have recently adjusted their positions in Vale, with significant increases including NewEdge Advisors LLC raising its stake by 2,160.3% during the fourth quarter.
• Vale's stock price target has been adjusted by various analysts, with Barclays increasing it to $13.00, while Scotiabank lowered it to $12.50, reflecting mixed sentiment among investors.

Compound Planning Inc. increased its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 209.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,837 shares of the basic materials company's stock after buying an additional 48,643 shares during the period. Compound Planning Inc.'s holdings in Vale were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VALE. J.Safra Asset Management Corp acquired a new position in Vale during the first quarter worth $41,000. Golden State Wealth Management LLC increased its holdings in Vale by 193.0% during the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock worth $41,000 after buying an additional 2,713 shares during the last quarter. Capital Analysts LLC acquired a new position in Vale during the first quarter worth $51,000. Allworth Financial LP increased its holdings in Vale by 233.7% during the first quarter. Allworth Financial LP now owns 5,440 shares of the basic materials company's stock worth $53,000 after buying an additional 3,810 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Vale during the first quarter worth $64,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Performance

Shares of Vale stock traded down $0.01 during trading on Thursday, reaching $10.25. The company's stock had a trading volume of 26,186,788 shares, compared to its average volume of 36,868,320. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $12.05. The business's 50-day moving average price is $9.88 and its 200-day moving average price is $9.66. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $46.50 billion, a PE ratio of 8.33 and a beta of 0.74.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $9.54 billion. Equities analysts forecast that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 13th will be given 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 dividend payout ratio is currently 58.54%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VALE shares. Scotiabank lowered their target price on shares of Vale from $13.00 to $12.50 and set a "sector perform" rating on the stock in a report on Tuesday, July 22nd. CICC Research began coverage on shares of Vale in a report on Monday, May 12th. They set an "outperform" rating and a $11.30 target price on the stock. UBS Group reiterated a "neutral" rating and issued a $10.00 price objective (up from $9.00) on shares of Vale in a report on Monday, August 4th. Barclays upped their price objective on shares of Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen began coverage on shares of Vale in a report on Wednesday, May 7th. They issued a "hold" rating on the stock. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Vale presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.84.

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.