15,025 Shares in Vale S.A. (NYSE:VALE) Acquired by Calton & Associates Inc.

Calton & Associates Inc. purchased a new position in Vale S.A. (NYSE:VALE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,025 shares of the basic materials company’s stock, valued at approximately $175,000.

A number of other large investors also recently added to or reduced their stakes in the business. Legacy Capital Group California Inc. lifted its holdings in Vale by 6.9% in the 2nd quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock worth $200,000 after purchasing an additional 1,154 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Vale by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock worth $693,000 after purchasing an additional 1,187 shares in the last quarter. Inspire Advisors LLC increased its stake in Vale by 6.8% in the 1st quarter. Inspire Advisors LLC now owns 19,277 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 1,226 shares during the last quarter. IFG Advisory LLC increased its stake in Vale by 6.1% in the 2nd quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 1,296 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in Vale by 3.0% in the 1st quarter. QRG Capital Management Inc. now owns 48,109 shares of the basic materials company’s stock worth $586,000 after acquiring an additional 1,396 shares during the last quarter. 21.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. UBS Group reduced their price objective on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, July 5th. Scotiabank reduced their price objective on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. StockNews.com assumed coverage on Vale in a research note on Friday, October 18th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.15.

Vale Stock Performance

NYSE VALE opened at $10.62 on Wednesday. The company has a market cap of $47.61 billion, a P/E ratio of 5.87, a P/E/G ratio of 0.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08. The business’s 50 day moving average price is $10.73 and its 200-day moving average price is $11.32. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. Sell-side analysts predict that Vale S.A. will post 2.06 earnings per share for the current year.

Vale Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th were given a $0.3698 dividend. This represents a yield of 12.1%. The ex-dividend date was Monday, August 5th. This is an increase from Vale’s previous semi-annual dividend of $0.32. Vale’s dividend payout ratio is 64.09%.

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.