Lifetime Wealth Management P.C. Sells 74,500 Shares of Vale S.A. $VALE

Lifetime Wealth Management P.C. trimmed its holdings in Vale S.A. (NYSE:VALE) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 434,778 shares of the basic materials company’s stock after selling 74,500 shares during the period. Vale comprises about 3.5% of Lifetime Wealth Management P.C.’s investment portfolio, making the stock its 8th largest holding. Lifetime Wealth Management P.C.’s holdings in Vale were worth $5,830,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC raised its position in shares of Vale by 2.8% during the first quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock worth $410,000 after purchasing an additional 708 shares during the period. Foster Group Inc. lifted its holdings in shares of Vale by 6.9% during the 3rd quarter. Foster Group Inc. now owns 11,697 shares of the basic materials company’s stock valued at $157,000 after purchasing an additional 758 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Vale by 2.4% during the 3rd quarter. Signaturefd LLC now owns 36,105 shares of the basic materials company’s stock valued at $484,000 after purchasing an additional 847 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Vale by 7.1% in the 3rd quarter. ProShare Advisors LLC now owns 15,980 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 1,053 shares during the period. Finally, Moody National Bank Trust Division grew its position in shares of Vale by 5.7% in the 3rd quarter. Moody National Bank Trust Division now owns 19,659 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 1,058 shares during the period. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VALE has been the subject of a number of research reports. Sanford C. Bernstein increased their target price on Vale from $12.00 to $12.50 and gave the stock a “market perform” rating in a research note on Wednesday, September 9th. The Goldman Sachs Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $16.00 in a report on Monday, July 27th. Wells Fargo & Company cut their price target on shares of 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 cut their price target on shares of Vale from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Finally, Royal Bank Of Canada upped their price target on shares of Vale from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.71.

Vale Stock Up 0.1%

VALE stock opened at $11.40 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77. The stock has a market capitalization of $51.74 billion, a P/E ratio of 76.01 and a beta of 0.42. The business has a 50-day moving average of $13.87 and a 200-day moving average of $15.24. Vale S.A. has a fifty-two week low of $11.06 and a fifty-two week high of $17.94.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 29th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). Vale had a net margin of 1.64% and a return on equity of 16.72%. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.45 billion. On average, sell-side analysts anticipate that Vale S.A. will post 1.65 earnings per share for the current fiscal year.

Vale Profile

Vale SA is a Brazil-based global mining and logistics company best known for producing iron ore and iron ore pellets, key raw materials used in steelmaking. The company also produces nickel, copper, manganese ore, coal and other mineral products, with operations spanning exploration, extraction, processing and transportation.

Vale operates an extensive logistics network that includes railways, ports and maritime transportation systems, primarily supporting the movement of minerals from its production sites to domestic and international customers.