May Hill Capital LLC Sells 8,816 Shares of Vale S.A. $VALE

May Hill Capital LLC lessened its holdings in Vale S.A. (NYSE:VALE) by 41.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,462 shares of the basic materials company’s stock after selling 8,816 shares during the quarter. May Hill Capital LLC’s holdings in Vale were worth $121,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA bought a new stake in shares of Vale in the first quarter valued at about $30,000. GAMMA Investing LLC boosted its position in shares of Vale by 98.4% in the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 2,021 shares during the period. J.Safra Asset Management Corp bought a new stake in shares of Vale in the first quarter valued at about $41,000. Golden State Wealth Management LLC boosted its position in shares of Vale by 193.0% in the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 2,713 shares during the period. Finally, Thompson Investment Management Inc. bought a new stake in shares of Vale in the second quarter valued at about $46,000. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VALE shares. UBS Group boosted their target price on shares of Vale from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Morgan Stanley set a $11.50 price objective on shares of Vale in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vale in a research report on Wednesday, October 8th. Hsbc Global Res raised shares of Vale to a “strong-buy” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.13.

Vale Stock Up 1.4%

VALE stock opened at $11.63 on Wednesday. The stock has a market capitalization of $52.77 billion, a P/E ratio of 9.45 and a beta of 0.80. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $11.69. The firm has a 50-day moving average price of $10.77 and a 200-day moving average price of $10.04.

Vale (NYSE:VALE) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $9.54 billion. Vale had a net margin of 14.23% and a return on equity of 18.14%. As a group, equities research analysts anticipate that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 13th were issued a $0.3417 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a dividend yield of 740.0%. Vale’s dividend payout ratio is 59.35%.

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.