IFG Advisory LLC Has $254,000 Stake in Vale S.A. (NYSE:VALE)

IFG Advisory LLC grew its holdings in Vale S.A. (NYSE:VALE) by 6.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,702 shares of the basic materials company’s stock after purchasing an additional 1,296 shares during the quarter. IFG Advisory LLC’s holdings in Vale were worth $254,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in shares of Vale by 919.2% in the fourth quarter. International Assets Investment Management LLC now owns 44,590 shares of the basic materials company’s stock valued at $707,000 after buying an additional 40,215 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Vale in the fourth quarter worth about $32,000. Kestra Private Wealth Services LLC raised its stake in shares of Vale by 64.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 31,504 shares of the basic materials company’s stock worth $500,000 after acquiring an additional 12,392 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Vale by 16.7% during the fourth quarter. Natixis Advisors L.P. now owns 717,773 shares of the basic materials company’s stock valued at $11,383,000 after purchasing an additional 102,875 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Vale in the fourth quarter valued at approximately $90,000. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

Shares of Vale stock opened at $10.52 on Tuesday. The stock’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $11.80. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $47.16 billion, a PE ratio of 5.81, a PEG ratio of 3.58 and a beta of 0.96. Vale S.A. has a 12 month low of $9.66 and a 12 month high of $16.08.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Vale had a return on equity of 22.23% and a net margin of 23.07%. The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. On average, research analysts predict that Vale S.A. will post 2.13 EPS for the current year.

Vale Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th will be paid a $0.3698 dividend. The ex-dividend date is Monday, August 5th. This represents a yield of 12.1%. This is a positive change from Vale’s previous semi-annual dividend of $0.32. Vale’s payout ratio is presently 64.09%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a research report on Friday, June 21st. UBS Group decreased their price target on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. Finally, Wolfe Research downgraded shares of Vale from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.72.

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.