Brinker Capital Investments LLC Decreases Position in Vale S.A. (NYSE:VALE)

Brinker Capital Investments LLC lowered its stake in shares of Vale S.A. (NYSE:VALEGet Rating) by 56.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,049 shares of the basic materials company’s stock after selling 57,100 shares during the period. Brinker Capital Investments LLC’s holdings in Vale were worth $644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transcend Capital Advisors LLC bought a new position in Vale in the 2nd quarter worth approximately $216,000. CWM LLC boosted its holdings in Vale by 44.9% in the 1st quarter. CWM LLC now owns 15,562 shares of the basic materials company’s stock worth $311,000 after buying an additional 4,823 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Vale by 319.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 2,059 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,568 shares during the period. Veriti Management LLC boosted its holdings in Vale by 60.8% in the 1st quarter. Veriti Management LLC now owns 79,002 shares of the basic materials company’s stock valued at $1,579,000 after purchasing an additional 29,872 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Vale by 112.8% in the 1st quarter. Bank of America Corp DE now owns 20,509,483 shares of the basic materials company’s stock valued at $409,985,000 after purchasing an additional 10,873,651 shares during the period. 19.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VALE has been the subject of several analyst reports. Clarkson Capital reissued a “buy” rating on shares of Vale in a report on Tuesday, June 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vale from $20.00 to $19.00 in a report on Wednesday. Royal Bank of Canada raised shares of Vale from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $15.00 to $16.00 in a report on Monday, September 12th. Itaú Unibanco downgraded shares of Vale to a “market perform” rating and set a $15.00 price target for the company. in a report on Wednesday, August 17th. Finally, Exane BNP Paribas cut shares of Vale from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, July 13th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Vale has a consensus rating of “Hold” and an average target price of $17.14.

Vale Price Performance

Shares of NYSE:VALE opened at $14.80 on Thursday. The stock has a market cap of $67.95 billion, a PE ratio of 3.63, a PEG ratio of 1.32 and a beta of 0.85. The company’s fifty day moving average is $13.18 and its 200 day moving average is $15.40. Vale S.A. has a 52 week low of $11.16 and a 52 week high of $21.29. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.40.

Vale (NYSE:VALEGet Rating) last issued its earnings results on Thursday, July 28th. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $11.16 billion for the quarter, compared to analysts’ expectations of $11.67 billion. Vale had a net margin of 41.72% and a return on equity of 57.75%. Research analysts anticipate that Vale S.A. will post 2.91 earnings per share for the current year.

Vale Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were given a $0.3907 dividend. This represents a dividend yield of 21.9%. The ex-dividend date was Friday, August 12th. Vale’s payout ratio is 19.12%.

Vale Company Profile

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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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