Cwm LLC Grows Holdings in Vale S.A. (NYSE:VALE)

Cwm LLC raised its stake in Vale S.A. (NYSE:VALE) by 38.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,866 shares of the basic materials company’s stock after buying an additional 4,440 shares during the period. Cwm LLC’s holdings in Vale were worth $185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Artemis Investment Management LLP bought a new position in Vale in the third quarter valued at $23,622,000. Verde Servicos Internacionais S.A. purchased a new position in shares of Vale in the 3rd quarter worth about $6,432,000. Richard P Slaughter Associates Inc increased its position in shares of Vale by 60.3% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 277,870 shares of the basic materials company’s stock valued at $3,246,000 after purchasing an additional 104,554 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Vale by 15.0% during the 3rd quarter. SG Americas Securities LLC now owns 250,952 shares of the basic materials company’s stock valued at $2,931,000 after buying an additional 32,734 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Vale during the 2nd quarter valued at about $5,360,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on VALE. UBS Group reduced their price target on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, July 5th. Scotiabank reduced their target price on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley decreased their target price on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. Wolfe Research lowered shares of Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Finally, StockNews.com initiated coverage on Vale in a research note on Friday, October 18th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.15.

Vale Price Performance

VALE stock opened at $10.41 on Thursday. The stock has a market capitalization of $46.67 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 0.30 and a beta of 0.93. The firm’s 50-day moving average price is $10.74 and its two-hundred day moving average price is $11.31. 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 released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. As a group, equities analysts predict that Vale S.A. will post 2.06 earnings per share for the current year.

Vale Increases Dividend

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

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.