Corient IA LLC Makes New $334,000 Investment in Vale S.A. $VALE

Key Points

• Corient IA LLC has invested approximately $334,000 in Vale S.A. by purchasing 33,500 shares in the first quarter, marking a new position for the firm.
• Vale has seen significant increases in institutional ownership, with various firms such as Golden State Wealth Management and Allworth Financial LP boosting their stakes by over 190% and 230%, respectively.
• Vale recently declared a $0.3417 semi-annual dividend with a yield of 740.0%, although the company has experienced lower quarterly revenue than expected, reporting $8.80 billion against an expectation of $9.54 billion.

Corient IA LLC bought a new position in Vale S.A. (NYSE:VALE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 33,500 shares of the basic materials company's stock, valued at approximately $334,000.

Other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp purchased a new position in Vale in the 1st quarter worth approximately $41,000. Golden State Wealth Management LLC lifted its stake in Vale by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock worth $41,000 after purchasing an additional 2,713 shares in the last quarter. Allworth Financial LP lifted its stake in Vale by 233.7% in the 1st quarter. Allworth Financial LP now owns 5,440 shares of the basic materials company's stock worth $53,000 after purchasing an additional 3,810 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Vale in the 1st quarter worth approximately $64,000. Finally, Strengthening Families & Communities LLC purchased a new position in Vale in the 1st quarter worth approximately $71,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. CICC Research assumed coverage on shares of Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 target price on the stock. Barclays lifted their price target on shares of Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Scotiabank reduced their price target on shares of Vale from $13.00 to $12.50 and set a "sector perform" rating on the stock in a research report on Tuesday, July 22nd. 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. Finally, UBS Group reaffirmed a "neutral" rating and set a $10.00 price target (up previously from $9.00) on shares of Vale in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Vale currently has an average rating of "Moderate Buy" and an average price target of $11.84.

Vale Trading Up 3.1%

Vale stock traded up $0.3050 during trading on Friday, hitting $10.1150. The company had a trading volume of 31,605,654 shares, compared to its average volume of 37,217,888. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.05. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. The company's 50 day simple moving average is $9.84 and its 200-day simple moving average is $9.65. The stock has a market cap of $45.91 billion, a price-to-earnings ratio of 8.22 and a beta of 0.74.

Vale (NYSE:VALE - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, beating 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 firm had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $9.54 billion. As a group, analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

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

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.