Comprehensive Money Management Services LLC Has $301,000 Stock Holdings in Vale S.A. $VALE

Comprehensive Money Management Services LLC lessened its position in Vale S.A. (NYSE:VALE) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,017 shares of the basic materials company’s stock after selling 1,545 shares during the period. Comprehensive Money Management Services LLC’s holdings in Vale were worth $301,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in shares of Vale in the 1st quarter valued at $30,000. GAMMA Investing LLC boosted its stake in shares of Vale by 98.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 2,021 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Vale in the 1st quarter valued at $41,000. Golden State Wealth Management LLC boosted its stake in shares of Vale by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 2,713 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Vale in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

Vale stock opened at $10.76 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $11.33. The company has a market cap of $48.84 billion, a PE ratio of 8.75 and a beta of 0.80. The company’s 50-day moving average is $10.46 and its two-hundred day moving average is $9.87.

Vale (NYSE:VALE) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. Vale had a net margin of 14.23% and a return on equity of 18.14%. The company had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $9.54 billion. Equities analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th were given a dividend of $0.3417 per share. The ex-dividend date was Wednesday, August 13th. This represents a yield of 740.0%. Vale’s dividend payout ratio is presently 59.35%.

Analyst Ratings Changes

Several brokerages recently issued reports on VALE. UBS Group upped their price target on shares of Vale from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday. Zacks Research raised shares of Vale from a “strong sell” rating to a “hold” rating in a report on Wednesday. Scotiabank raised shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 price objective on the stock in a report on Thursday, September 18th. Barclays increased their price objective on shares of Vale from $13.70 to $13.80 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company raised shares of Vale to a “hold” rating in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.96.

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.