Kapitalo Investimentos Ltda Buys 109,092 Shares of Vale S.A. $VALE

Kapitalo Investimentos Ltda increased its stake in Vale S.A. (NYSE:VALE) by 16.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 766,128 shares of the basic materials company’s stock after buying an additional 109,092 shares during the period. Vale accounts for about 0.7% of Kapitalo Investimentos Ltda’s holdings, making the stock its 19th largest holding. Kapitalo Investimentos Ltda’s holdings in Vale were worth $11,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of Vale by 4.9% in the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after acquiring an additional 3,704 shares during the last quarter. Jones Financial Companies Lllp grew its position in Vale by 46.6% during the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 11,964 shares during the last quarter. Empowered Funds LLC bought a new stake in Vale during the 1st quarter valued at about $171,000. Strs Ohio bought a new stake in Vale during the 1st quarter valued at about $117,000. Finally, Sivia Capital Partners LLC purchased a new position in Vale in the second quarter worth about $123,000. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Vale in a research report on Friday, May 15th. Bank of America reissued a “neutral” rating and issued a $16.00 target price (down from $18.00) on shares of Vale in a report on Wednesday, August 5th. Finally, Scotiabank lowered their price target on Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

Vale Stock Up 1.8%

VALE opened at $15.31 on Wednesday. The stock has a market capitalization of $69.51 billion, a price-to-earnings ratio of 31.25 and a beta of 0.47. The firm has a 50 day moving average price of $14.68 and a 200-day moving average price of $15.68. Vale S.A. has a twelve month low of $10.08 and a twelve month high of $17.94. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.45.

Vale (NYSE:VALE) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.10). Vale had a return on equity of 19.87% and a net margin of 5.11%.The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Equities research analysts forecast that Vale S.A. will post 1.9 earnings per share for the current year.

Vale Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be paid a $0.3088 dividend. The ex-dividend date is Thursday, August 13th. Vale’s dividend payout ratio (DPR) is 89.80%.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.