Stratos Wealth Advisors LLC Grows Position in Vale S.A. (NYSE:VALE)

Stratos Wealth Advisors LLC grew its position in shares of Vale S.A. (NYSE:VALE) by 83.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,881 shares of the basic materials company’s stock after acquiring an additional 98,813 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Vale were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VALE. Pacifica Partners Inc. purchased a new position in Vale during the second quarter worth about $27,000. Lowe Wealth Advisors LLC purchased a new position in shares of Vale in the 2nd quarter worth approximately $45,000. Ameliora Wealth Management Ltd. bought a new position in shares of Vale in the first quarter valued at approximately $49,000. Sound Income Strategies LLC increased its position in shares of Vale by 133.7% during the first quarter. Sound Income Strategies LLC now owns 6,629 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 3,792 shares during the last quarter. Finally, Deuterium Capital Management LLC bought a new stake in Vale during the first quarter worth $122,000. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of VALE stock opened at $10.63 on Friday. The stock has a 50 day moving average price of $10.72 and a 200 day moving average price of $11.34. The firm has a market capitalization of $47.66 billion, a P/E ratio of 5.87, a P/E/G ratio of 0.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08. Vale S.A. has a 52-week low of $9.66 and a 52-week high of $16.08.

Vale (NYSE:VALE) last released its earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. As a group, sell-side analysts predict that Vale S.A. will post 2.06 earnings per share for the current year.

Vale Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th were given a $0.3698 dividend. 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 was Monday, August 5th. Vale’s payout ratio is 64.09%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VALE shares. Morgan Stanley decreased their target price on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research report on Thursday, September 19th. UBS Group dropped their price objective on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. Scotiabank cut their price target on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. cut their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. Finally, Wolfe Research cut Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. One research 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 company currently has an average rating of “Moderate Buy” and an average price target of $16.15.

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.