Sheaff Brock Investment Advisors LLC Takes Position in Vale S.A. (NYSE:VALE)

Sheaff Brock Investment Advisors LLC bought a new stake in Vale S.A. (NYSE:VALEGet Rating) in the 1st quarter, Holdings Channel.com reports. The firm bought 10,860 shares of the basic materials company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also made changes to their positions in VALE. CWM LLC raised its stake in Vale by 44.9% during the 1st quarter. CWM LLC now owns 15,562 shares of the basic materials company’s stock valued at $311,000 after acquiring an additional 4,823 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Vale by 319.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 2,059 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,568 shares during the last quarter. Veriti Management LLC raised its stake in Vale by 60.8% during the 1st quarter. Veriti Management LLC now owns 79,002 shares of the basic materials company’s stock valued at $1,579,000 after acquiring an additional 29,872 shares during the last quarter. JGP Global Gestao de Recursos Ltda. purchased a new stake in Vale during the 4th quarter valued at approximately $1,036,000. Finally, Capital International Investors raised its stake in Vale by 8.6% during the 4th quarter. Capital International Investors now owns 203,688,052 shares of the basic materials company’s stock valued at $2,855,813,000 after acquiring an additional 16,114,413 shares during the last quarter. 23.37% of the stock is owned by hedge funds and other institutional investors.

Vale Stock Performance

VALE opened at $13.20 on Friday. The stock has a market cap of $65.99 billion, a P/E ratio of 3.24, a P/E/G ratio of 1.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $14.73 and its 200 day simple moving average is $16.70. Vale S.A. has a 1-year low of $11.16 and a 1-year high of $21.36.

Vale Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 15th will be paid a $0.3907 dividend. This represents a yield of 21.9%. The ex-dividend date is Friday, August 12th. Vale’s payout ratio is currently 35.54%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Vale from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 29th. Morgan Stanley reiterated an “equal weight” rating on shares of Vale in a research report on Thursday, June 23rd. Royal Bank of Canada dropped their target price on Vale from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Monday, April 25th. Jefferies Financial Group upgraded Vale from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $24.00 in a research report on Tuesday, June 7th. Finally, BNP Paribas cut Vale from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vale has a consensus rating of “Hold” and a consensus target price of $17.65.

About Vale

(Get Rating)

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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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