Ellsworth Advisors LLC Increases Position in Vale S.A. $VALE

Key Points

• Ellsworth Advisors LLC increased its stake in Vale S.A. by 25.5%, totaling 156,586 shares valued at approximately $1.56 million after acquiring an additional 31,830 shares.
• Analysts have mixed views on Vale's stock, with price targets ranging from $10.00 to $13.00, while it currently holds a consensus rating of "Moderate Buy" with an average target price of $11.71.
• Vale recently declared a semi-annual dividend of $0.3417 per share, yielding 740.0%, although its dividend payout ratio stands at 59.35%.

Ellsworth Advisors LLC raised its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 25.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 156,586 shares of the basic materials company's stock after purchasing an additional 31,830 shares during the period. Ellsworth Advisors LLC's holdings in Vale were worth $1,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VALE. Banque Transatlantique SA acquired a new position in Vale during the first quarter worth approximately $30,000. J.Safra Asset Management Corp acquired a new position in Vale during the first quarter worth approximately $41,000. Golden State Wealth Management LLC increased its position 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 purchasing an additional 2,713 shares during the last quarter. Capital Analysts LLC acquired a new position in Vale during the first quarter worth approximately $51,000. Finally, Allworth Financial LP increased its position 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 purchasing an additional 3,810 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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. Scotiabank dropped their price target on shares of Vale from $13.00 to $12.50 and set a "sector perform" rating for the company in a research report on Tuesday, July 22nd. Barclays increased their price objective on shares of Vale from $12.75 to $13.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Vale from $15.00 to $13.50 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Finally, Clarkson Capital began coverage on shares of Vale in a research report on Wednesday, September 3rd. They issued a "buy" rating and a $12.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Vale has a consensus rating of "Moderate Buy" and an average target price of $11.71.

Vale Price Performance

Vale stock opened at $10.51 on Thursday. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $12.05. The firm has a fifty day moving average of $10.05 and a 200-day moving average of $9.70. The firm has a market capitalization of $47.68 billion, a P/E ratio of 8.54 and a beta of 0.79. 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 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. The business had revenue of $8.80 billion during the quarter, compared to analyst estimates of $9.54 billion. Vale had a net margin of 14.23% and a return on equity of 18.14%. As a group, analysts predict that Vale S.A. will post 1.85 EPS for the current year.

Vale Cuts Dividend

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

Vale Company 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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