Naviter Wealth LLC Sells 87,386 Shares of Vale S.A. (NYSE:VALE)

Naviter Wealth LLC lessened its position in shares of Vale S.A. (NYSE:VALE) by 88.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,030 shares of the basic materials company’s stock after selling 87,386 shares during the period. Naviter Wealth LLC’s holdings in Vale were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group grew its position in shares of Vale by 215.9% during the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,900 shares in the last quarter. IFP Advisors Inc boosted its stake in Vale by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,938 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Vale during the third quarter worth about $28,000. Cornerstone Planning Group LLC increased its stake in Vale by 3,092.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,092 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Vale in the 4th quarter valued at about $30,000. Institutional investors own 21.85% of the company’s stock.

Vale Trading Up 1.4 %

VALE opened at $9.92 on Monday. Vale S.A. has a one year low of $8.38 and a one year high of $13.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The business has a 50 day simple moving average of $9.26 and a two-hundred day simple moving average of $9.94. The firm has a market capitalization of $45.00 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.31 and a beta of 0.85.

Vale (NYSE:VALE) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36). Vale had a net margin of 16.15% and a return on equity of 17.38%. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion. Analysts predict that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.3758 dividend. This represents a dividend yield of 7.5%. This is a boost from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date of this dividend is Monday, March 10th. Vale’s dividend payout ratio (DPR) is currently 88.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VALE shares. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com downgraded Vale from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. UBS Group downgraded Vale from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Finally, Barclays reduced their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.26.

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.