Mercer Global Advisors Inc. ADV bought a new position in shares of Vale S.A. (NYSE:VALE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 66,200 shares of the basic materials company's stock, valued at approximately $587,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its holdings in Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock worth $25,000 after acquiring an additional 1,900 shares during the period. IFP Advisors Inc lifted its position in Vale by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after buying an additional 1,938 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Vale by 3,092.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock worth $29,000 after purchasing an additional 3,092 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Vale in the fourth quarter worth $30,000. Finally, Atlas Capital Advisors Inc. increased its stake in Vale by 68.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 1,623 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on VALE shares. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and increased their price target for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. UBS Group lowered their price objective on Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. CICC Research assumed 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. StockNews.com assumed coverage on Vale in a report on Wednesday, May 7th. They set a "hold" rating on the stock. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $11.00 target price (down from $12.00) on shares of Vale in a research report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $12.04.
Get Our Latest Report on VALE
Vale Stock Performance
Shares of NYSE:VALE traded down $0.02 on Friday, hitting $9.80. The company's stock had a trading volume of 21,424,834 shares, compared to its average volume of 30,739,009. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The company has a market capitalization of $44.46 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83. The stock's 50-day moving average is $9.50 and its two-hundred day moving average is $9.48. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $13.14.
Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Vale had a net margin of 16.15% and a return on equity of 17.38%. The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. On average, equities research analysts forecast that Vale S.A. will post 1.85 EPS for the current year.
Vale Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.3758 per share. The ex-dividend date was Monday, March 10th. This is an increase from Vale's previous semi-annual dividend of $0.30. This represents a yield of 7.5%. Vale's payout ratio is presently 54.35%.
About Vale
(
Free Report)
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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