Kapitalo Investimentos Ltda Acquires 109,092 Shares of Vale S.A. $VALE

Kapitalo Investimentos Ltda increased its holdings in Vale S.A. (NYSE:VALE) by 16.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 766,128 shares of the basic materials company’s stock after buying an additional 109,092 shares during the quarter. Vale accounts for about 0.7% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 19th largest position. Kapitalo Investimentos Ltda’s holdings in Vale were worth $11,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in Vale by 0.5% during the second quarter. Jones Financial Companies Lllp now owns 432,691 shares of the basic materials company’s stock valued at $6,521,000 after buying an additional 2,092 shares during the period. Cibc World Market Inc. raised its position in Vale by 21.4% in the second quarter. Cibc World Market Inc. now owns 952,345 shares of the basic materials company’s stock worth $14,323,000 after acquiring an additional 167,954 shares during the period. Bank of Nova Scotia boosted its stake in shares of Vale by 116.2% during the 2nd quarter. Bank of Nova Scotia now owns 231,527 shares of the basic materials company’s stock worth $3,482,000 after acquiring an additional 124,460 shares during the last quarter. Cadence Wealth Management LLC boosted its stake in shares of Vale by 5.4% during the 2nd quarter. Cadence Wealth Management LLC now owns 48,947 shares of the basic materials company’s stock worth $736,000 after acquiring an additional 2,515 shares during the last quarter. Finally, Callan Family Office LLC grew its position in shares of Vale by 19.8% during the 2nd quarter. Callan Family Office LLC now owns 91,306 shares of the basic materials company’s stock valued at $1,373,000 after acquiring an additional 15,088 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

NYSE VALE opened at $15.31 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.45. Vale S.A. has a twelve month low of $10.08 and a twelve month high of $17.94. The business has a 50-day moving average price of $14.68 and a 200-day moving average price of $15.68. The firm has a market cap of $69.51 billion, a price-to-earnings ratio of 31.25 and a beta of 0.47.

Vale (NYSE:VALE) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.10). Vale had a net margin of 5.11% and a return on equity of 19.87%. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.47 billion. As a group, equities research analysts predict that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.3088 per share. The ex-dividend date is Thursday, August 13th. Vale’s dividend payout ratio (DPR) is presently 89.80%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VALE. Zacks Research lowered Vale from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. The Goldman Sachs Group lowered Vale from a “buy” rating to a “neutral” rating and cut their price target for the company from $18.00 to $16.00 in a report on Monday, July 27th. Wells Fargo & Company decreased their price objective on Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Barclays lifted their price objective on Vale from $16.75 to $17.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vale presently has a consensus rating of “Hold” and a consensus price target of $16.00.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.