American Century Companies Inc. Acquires 416,102 Shares of Vale S.A. $VALE

Key Points

• American Century Companies Inc. increased its holdings in Vale S.A. by 12.5% during the 1st quarter, owning a total of 3,752,984 shares valued at approximately $37,455,000.
• Several equities analysts have recently adjusted their price targets for Vale, with Barclays raising its target from $12.75 to $13.00 and UBS increasing its target from $9.00 to $10.00.
• Vale declared a semi-annual dividend of $0.3417 per share, representing a substantial dividend yield of 740.0%, with the payout date set for September 10th.

American Century Companies Inc. lifted its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 12.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,752,984 shares of the basic materials company's stock after purchasing an additional 416,102 shares during the period. American Century Companies Inc. owned 0.08% of Vale worth $37,455,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VALE. Oppenheimer & Co. Inc. acquired a new position in shares of Vale during the first quarter valued at $228,000. Golden State Wealth Management LLC lifted its stake in shares of Vale by 193.0% during 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. Cornerstone Wealth Management LLC lifted its stake in shares of Vale by 20.4% during the first quarter. Cornerstone Wealth Management LLC now owns 15,954 shares of the basic materials company's stock valued at $159,000 after acquiring an additional 2,707 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Vale by 38.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,522 shares of the basic materials company's stock valued at $225,000 after acquiring an additional 6,261 shares during the period. Finally, Merit Financial Group LLC lifted its stake in shares of Vale by 44.4% during the first quarter. Merit Financial Group LLC now owns 20,847 shares of the basic materials company's stock valued at $208,000 after acquiring an additional 6,412 shares during the period. Institutional investors own 21.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VALE shares. Barclays upped their price target on Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. UBS Group reaffirmed a "neutral" rating and set a $10.00 price target (up previously from $9.00) on shares of Vale in a research note on Monday, August 4th. Wall Street Zen began coverage on Vale in a research note on Wednesday, May 7th. They issued a "hold" rating on the stock. Scotiabank cut their target price on Vale from $13.00 to $12.50 and set a "sector perform" rating on the stock in a research note on Tuesday, July 22nd. Finally, CICC Research began coverage on Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 target price on the stock. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.84.

Vale Trading Down 0.1%

NYSE VALE opened at $9.7050 on Thursday. The firm has a market cap of $44.05 billion, a P/E ratio of 7.89 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85. The stock's 50-day moving average is $9.82 and its 200-day moving average is $9.64. Vale S.A. has a one year low of $8.06 and a one year high of $12.05.

Vale (NYSE:VALE - Get Free Report) last released its quarterly 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 company had revenue of $8.80 billion for the quarter, compared to analyst estimates of $9.54 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. Sell-side analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.3417 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a dividend yield of 740.0%. Vale's dividend payout ratio (DPR) is currently 58.54%.

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.

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