Connectus Wealth LLC Cuts Stock Holdings in Vale S.A. (NYSE:VALE)

Connectus Wealth LLC decreased its holdings in shares of Vale S.A. (NYSE:VALEGet Rating) by 7.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 35,719 shares of the basic materials company’s stock after selling 3,026 shares during the period. Connectus Wealth LLC’s holdings in Vale were worth $501,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CWM LLC boosted its holdings in shares of Vale by 44.9% in the 1st quarter. CWM LLC now owns 15,562 shares of the basic materials company’s stock valued at $311,000 after buying an additional 4,823 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Vale by 319.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 2,059 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,568 shares in the last quarter. Veriti Management LLC boosted its holdings in shares of Vale by 60.8% in the 1st quarter. Veriti Management LLC now owns 79,002 shares of the basic materials company’s stock valued at $1,579,000 after buying an additional 29,872 shares in the last quarter. JGP Global Gestao de Recursos Ltda. bought a new stake in shares of Vale in the 4th quarter valued at about $1,036,000. Finally, Capital International Investors boosted its holdings in shares of Vale by 8.6% in the 4th quarter. Capital International Investors now owns 203,688,052 shares of the basic materials company’s stock valued at $2,855,813,000 after buying an additional 16,114,413 shares in the last quarter. 23.37% of the stock is currently owned by institutional investors.

Vale Stock Performance

VALE opened at $13.20 on Friday. Vale S.A. has a 12-month low of $11.16 and a 12-month high of $21.36. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $65.99 billion, a PE ratio of 3.24, a P/E/G ratio of 1.08 and a beta of 0.93. The firm has a 50 day moving average of $14.73 and a two-hundred day moving average of $16.70.

Vale Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 15th will be issued a dividend of $0.3907 per share. This represents a dividend yield of 21.9%. The ex-dividend date is Friday, August 12th. Vale’s dividend payout ratio (DPR) is 35.54%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VALE shares. Clarkson Capital restated a “buy” rating on shares of Vale in a report on Tuesday, June 14th. Exane BNP Paribas cut shares of Vale from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Wednesday, July 13th. BNP Paribas cut shares of Vale from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Wednesday, July 13th. Jefferies Financial Group upgraded shares of Vale from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $24.00 in a research note on Tuesday, June 7th. Finally, Royal Bank of Canada lowered their target price on shares of Vale from $20.00 to $18.00 and set a “sector perform” rating for the company in a research note on Monday, April 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Hold” and a consensus price target of $17.65.

Vale Profile

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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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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