Aprio Wealth Management LLC Has $329,000 Stock Position in Vale S.A. (NYSE:VALE)

Aprio Wealth Management LLC lifted its holdings in shares of Vale S.A. (NYSE:VALE) by 73.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 29,468 shares of the basic materials company’s stock after acquiring an additional 12,460 shares during the period. Aprio Wealth Management LLC’s holdings in Vale were worth $329,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Vale during the 1st quarter worth $26,000. Rakuten Securities Inc. acquired a new position in Vale in the 4th quarter worth about $31,000. Richardson Financial Services Inc. acquired a new position in Vale in the 4th quarter worth about $31,000. GAMMA Investing LLC acquired a new position in Vale in the 4th quarter worth about $32,000. Finally, Accordant Advisory Group Inc acquired a new position in Vale in the 1st quarter worth about $43,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VALE shares. Barclays upped their target price on Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. UBS Group lowered their target price on Vale from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday, July 5th. JPMorgan Chase & Co. lowered their target price on Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Morgan Stanley reduced their price target on Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Finally, BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.72.

Vale Stock Up 0.6 %

NYSE:VALE traded up $0.06 on Thursday, hitting $10.18. The stock had a trading volume of 15,350,262 shares, compared to its average volume of 26,232,250. The business’s fifty day moving average is $11.17 and its 200 day moving average is $12.21. The company has a market cap of $45.64 billion, a PE ratio of 5.63, a P/E/G ratio of 3.57 and a beta of 0.96. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. Vale S.A. has a 52 week low of $9.66 and a 52 week high of $16.08.

Vale Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th will be issued a $0.3698 dividend. The ex-dividend date is Monday, August 5th. This represents a yield of 12.1%. This is a positive change from Vale’s previous semi-annual dividend of $0.32. Vale’s dividend payout ratio is presently 82.32%.

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.