Ritholtz Wealth Management Has $2.34 Million Holdings in Vale S.A. (NYSE:VALE)

Ritholtz Wealth Management boosted its position in Vale S.A. (NYSE:VALE) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,807 shares of the basic materials company’s stock after acquiring an additional 25,859 shares during the period. Ritholtz Wealth Management’s holdings in Vale were worth $2,344,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cetera Advisor Networks LLC lifted its holdings in shares of Vale by 125.7% in the first quarter. Cetera Advisor Networks LLC now owns 24,417 shares of the basic materials company’s stock valued at $488,000 after purchasing an additional 13,600 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Vale by 7.9% during the 1st quarter. Panagora Asset Management Inc. now owns 39,446 shares of the basic materials company’s stock worth $789,000 after purchasing an additional 2,899 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Vale by 28.3% in the first quarter. Raymond James Trust N.A. now owns 30,966 shares of the basic materials company’s stock valued at $619,000 after acquiring an additional 6,829 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Vale by 55.5% in the 1st quarter. Allianz Asset Management GmbH now owns 151,722 shares of the basic materials company’s stock valued at $3,033,000 after purchasing an additional 54,151 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Vale during the first quarter worth approximately $277,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VALE shares. UBS Group lifted their price objective on shares of Vale from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 14th. Barclays dropped their price target on shares of Vale from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, December 6th. StockNews.com assumed coverage on Vale in a research note on Thursday, March 21st. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $19.00 price target on shares of Vale in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.98.

Vale Trading Up 0.2 %

VALE stock traded up $0.02 during trading on Thursday, hitting $12.19. The company had a trading volume of 28,230,181 shares, compared to its average volume of 25,063,414. The company has a current ratio of 1.28, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. Vale S.A. has a one year low of $11.88 and a one year high of $16.60. The business has a 50-day moving average of $13.20 and a 200-day moving average of $13.95. The stock has a market cap of $54.65 billion, a PE ratio of 6.64 and a beta of 0.98.

Vale (NYSE:VALE) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.48). Vale had a return on equity of 20.00% and a net margin of 19.10%. The firm had revenue of $13.05 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the prior year, the business earned $0.82 EPS. Research analysts predict that Vale S.A. will post 2.61 earnings per share for the current fiscal year.

Vale Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a dividend of $0.3182 per share. This represents a yield of 9.7%. The ex-dividend date was Tuesday, March 12th. Vale’s dividend payout ratio is presently 64.48%.

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.