Kathmere Capital Management LLC Raises Stock Position in Vale S.A. (NYSE:VALE)

Kathmere Capital Management LLC lifted its stake in shares of Vale S.A. (NYSE:VALE) by 46.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,102 shares of the basic materials company’s stock after acquiring an additional 8,941 shares during the quarter. Kathmere Capital Management LLC’s holdings in Vale were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Legacy Capital Group California Inc. increased its position in shares of Vale by 6.9% during the second quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock worth $200,000 after acquiring an additional 1,154 shares during the period. Bank of New York Mellon Corp increased its position in shares of Vale by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock worth $693,000 after acquiring an additional 1,187 shares during the period. Inspire Advisors LLC increased its position in shares of Vale by 6.8% during the first 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 period. IFG Advisory LLC increased its position in shares of Vale by 6.1% during the second 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 period. Finally, QRG Capital Management Inc. increased its holdings in Vale by 3.0% during the first quarter. QRG Capital Management Inc. now owns 48,109 shares of the basic materials company’s stock valued at $586,000 after buying an additional 1,396 shares during the period. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VALE has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. Morgan Stanley reduced their price objective on shares of Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research note on Thursday, September 19th. Wolfe Research downgraded shares of Vale from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 17th. Finally, UBS Group reduced their price objective on shares of Vale from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, July 5th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.17.

Vale Stock Performance

Shares of VALE stock opened at $11.79 on Friday. The business’s fifty day simple moving average is $10.52 and its 200-day simple moving average is $11.44. The company has a market cap of $52.86 billion, a PE ratio of 6.51, a PEG ratio of 3.52 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.43. Vale S.A. has a 12-month low of $9.66 and a 12-month high of $16.08.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. Vale had a net margin of 23.07% and a return on equity of 22.23%. Analysts expect that Vale S.A. will post 2.14 earnings per share for the current fiscal year.

Vale Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 5th were issued a dividend of $0.3698 per share. The ex-dividend date was Monday, August 5th. This is a positive change from Vale’s previous semi-annual dividend of $0.32. This represents a dividend yield of 12.1%. Vale’s payout ratio is 64.09%.

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.