Vale S.A. (NYSE:VALE) Shares Purchased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. raised its stake in Vale S.A. (NYSE:VALE) by 6.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,932 shares of the basic materials company’s stock after acquiring an additional 1,154 shares during the period. Legacy Capital Group California Inc.’s holdings in Vale were worth $200,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VALE. Greenleaf Trust lifted its stake in Vale by 2.8% in the 4th quarter. Greenleaf Trust now owns 30,283 shares of the basic materials company’s stock worth $480,000 after acquiring an additional 827 shares in the last quarter. Inspire Advisors LLC increased its stake in shares of Vale by 6.8% in 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 last quarter. QRG Capital Management Inc. lifted its holdings in shares of Vale by 3.0% during the 1st 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 last quarter. Private Advisor Group LLC increased its stake in shares of Vale by 7.6% during the 4th quarter. Private Advisor Group LLC now owns 24,112 shares of the basic materials company’s stock worth $382,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Gould Asset Management LLC CA raised its holdings in Vale by 12.7% during the first quarter. Gould Asset Management LLC CA now owns 15,940 shares of the basic materials company’s stock valued at $194,000 after buying an additional 1,800 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Trading Up 2.5 %

NYSE VALE traded up $0.26 on Wednesday, reaching $10.64. The company had a trading volume of 13,610,044 shares, compared to its average volume of 26,375,068. The stock has a market cap of $47.70 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 3.57 and a beta of 0.96. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08. The stock’s 50 day moving average is $10.92 and its 200-day moving average is $11.97. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.43.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $9.92 billion during 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%. Equities analysts predict that Vale S.A. will post 2.13 earnings per share for the current year.

Vale Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VALE. BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. 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. Morgan Stanley reduced their price objective on Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Finally, Wolfe Research cut Vale from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.72.

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.