Russell Investments Group Ltd. Has $105.80 Million Position in Vale S.A. (NYSE:VALE)

Russell Investments Group Ltd. increased its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,670,778 shares of the basic materials company's stock after buying an additional 238,467 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of Vale worth $105,799,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Systematic Alpha Investments LLC bought a new position in shares of Vale during the 3rd quarter worth approximately $31,000. Whittier Trust Co. raised its position in Vale by 423.1% in the 4th quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 1,578 shares during the last quarter. Rakuten Securities Inc. bought a new position in Vale in the 4th quarter valued at $31,000. GAMMA Investing LLC bought a new position in Vale in the 4th quarter valued at $32,000. Finally, Sound Income Strategies LLC raised its position in Vale by 2,502.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,837 shares of the basic materials company's stock valued at $45,000 after purchasing an additional 2,728 shares during the last quarter. Institutional investors own 21.85% of the company's stock.

Vale Trading Up 1.8 %

Shares of Vale stock traded up $0.22 during trading on Friday, reaching $12.28. 21,435,374 shares of the company were exchanged, compared to its average volume of 31,778,502. The company has a quick ratio of 0.96, a current ratio of 1.28 and a debt-to-equity ratio of 0.38. Vale S.A. has a twelve month low of $11.52 and a twelve month high of $16.08. The business has a 50-day moving average price of $12.54 and a 200-day moving average price of $13.75. The firm has a market capitalization of $55.05 billion, a price-to-earnings ratio of 6.78, a P/E/G ratio of 5.25 and a beta of 0.97.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.48). Vale had a return on equity of 20.00% and a net margin of 19.10%. The company had revenue of $13.05 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same period last year, the firm earned $0.82 earnings per share. Sell-side analysts anticipate that Vale S.A. will post 2.25 EPS for the current fiscal year.

Vale Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a dividend of $0.3182 per share. The ex-dividend date was Tuesday, March 12th. This represents a dividend yield of 9.7%. Vale's dividend payout ratio (DPR) is presently 65.19%.

Wall Street Analysts Forecast Growth

VALE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Vale from $18.00 to $16.00 and set a "hold" rating for the company in a research report on Thursday, April 4th. Bank of America reiterated a "neutral" rating and issued a $13.00 price objective (down previously from $20.00) on shares of Vale in a research report on Tuesday, April 9th. StockNews.com initiated coverage on Vale in a research report on Saturday, March 30th. They issued a "buy" rating for the company. Barclays lifted their price objective on Vale from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, April 16th. Finally, 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 research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.67.

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.