Stratos Wealth Advisors LLC Takes Position in Vale S.A. $VALE

Key Points

• Stratos Wealth Advisors LLC has acquired a new position in Vale S.A., purchasing 74,953 shares valued at approximately $728,000, indicating growing interest from institutional investors in the company.
• Vale reported earnings of $0.50 per share for the last quarter, surpassing analysts' expectations, although revenues were below estimates at $8.80 billion.
• Analyst ratings show a mixed sentiment towards Vale, with a consensus hold rating and an average price target of $12.09 following several price adjustments from various firms.

Stratos Wealth Advisors LLC bought a new position in shares of Vale S.A. (NYSE:VALE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 74,953 shares of the basic materials company's stock, valued at approximately $728,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its position in shares of Vale by 8.5% during the 2nd quarter. Park Avenue Securities LLC now owns 13,935 shares of the basic materials company's stock valued at $135,000 after purchasing an additional 1,087 shares in the last quarter. MAI Capital Management boosted its holdings in Vale by 5.1% during the first quarter. MAI Capital Management now owns 23,597 shares of the basic materials company's stock worth $235,000 after buying an additional 1,155 shares in the last quarter. Blue Trust Inc. grew its position in Vale by 5.1% in the first quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company's stock worth $258,000 after buying an additional 1,248 shares during the last quarter. Ascent Group LLC increased its holdings in shares of Vale by 2.3% in the second quarter. Ascent Group LLC now owns 61,364 shares of the basic materials company's stock valued at $596,000 after buying an additional 1,396 shares in the last quarter. Finally, Moran Wealth Management LLC increased its holdings in shares of Vale by 2.7% in the second quarter. Moran Wealth Management LLC now owns 58,834 shares of the basic materials company's stock valued at $571,000 after buying an additional 1,537 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Stock Performance

Shares of NYSE VALE opened at $11.11 on Friday. Vale S.A. has a one year low of $8.06 and a one year high of $11.33. The firm has a market capitalization of $50.43 billion, a PE ratio of 9.03 and a beta of 0.80. 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 business has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $9.90.

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

Vale Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th were given a $0.3417 dividend. The ex-dividend date was Wednesday, August 13th. This represents a yield of 740.0%. Vale's dividend payout ratio is presently 59.35%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VALE shares. Morgan Stanley set a $11.50 target price on Vale in a report on Wednesday, October 8th. Clarkson Capital started coverage on Vale in a report on Wednesday, September 3rd. They set a "buy" rating and a $12.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vale from $15.00 to $13.50 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Weiss Ratings reissued a "sell (d+)" rating on shares of Vale in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Vale from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $12.09.

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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