Stonehage Fleming Financial Services Holdings Ltd Acquires New Holdings in Vale S.A. $VALE

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Vale S.A. (NYSE:VALE) during the second quarter, Holdings Channel.com reports. The firm acquired 23,796 shares of the basic materials company’s stock, valued at approximately $231,000.

A number of other institutional investors have also made changes to their positions in VALE. Banque Transatlantique SA acquired a new stake in Vale in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in Vale by 98.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after buying an additional 2,021 shares during the last quarter. Golden State Wealth Management LLC grew its holdings 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 valued at $41,000 after buying an additional 2,713 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in Vale in the 1st quarter valued at approximately $41,000. Finally, Thompson Investment Management Inc. acquired a new stake in Vale in the 2nd quarter valued at approximately $46,000. 21.85% of the stock is owned by institutional investors.

Vale Price Performance

Shares of NYSE:VALE opened at $10.76 on Friday. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $11.33. The firm has a market capitalization of $48.84 billion, a PE ratio of 8.75 and a beta of 0.80. The business’s 50 day moving average is $10.46 and its 200-day moving average is $9.87. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48.

Vale (NYSE:VALE) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.34 by $0.16. The business had revenue of $8.80 billion during 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%. Sell-side analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Cuts Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Morgan Stanley set a $11.50 target price on Vale in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on Vale from $15.00 to $13.50 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Wells Fargo & Company raised Vale to a “hold” rating in a report on Wednesday. UBS Group raised their target price on Vale from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Clarkson Capital began coverage on Vale in a report on Wednesday, September 3rd. They set a “buy” rating and a $12.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.96.

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.