Capital International Investors Has $241.22 Million Stock Holdings in Vale S.A. (NYSE:VALE)

Capital International Investors lessened its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,196,399 shares of the basic materials company's stock after selling 32,261 shares during the period. Capital International Investors owned approximately 0.60% of Vale worth $241,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VALE. Brooklyn Investment Group grew its stake in shares of Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 1,900 shares in the last quarter. IFP Advisors Inc increased its holdings in Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,938 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Vale by 3,092.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 3,092 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Vale during the 4th quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. grew its position in shares of Vale by 68.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after buying an additional 1,623 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Price Performance

Shares of VALE traded down $0.24 during mid-day trading on Friday, hitting $9.52. The company's stock had a trading volume of 15,511,776 shares, compared to its average volume of 30,520,138. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The firm has a 50-day moving average price of $9.57 and a 200 day moving average price of $9.65. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $13.14. The stock has a market capitalization of $43.19 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 0.31 and a beta of 0.73.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a net margin of 16.15% and a return on equity of 17.38%. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.03 billion. On average, research analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.3758 per share. The ex-dividend date was Monday, March 10th. This represents a yield of 7.5%. This is a positive change from Vale's previous semi-annual dividend of $0.30. Vale's payout ratio is 52.08%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VALE. StockNews.com initiated coverage on shares of Vale in a research report on Wednesday, April 2nd. They issued a "hold" rating for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $11.00 price target (down from $12.00) on shares of Vale in a report on Thursday, April 17th. Jefferies Financial Group dropped their price objective on shares of Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Wolfe Research upgraded Vale from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.44.

Vale 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.