Integrated Wealth Concepts LLC Has $388,000 Stake in Vale S.A. (NYSE:VALE)

Integrated Wealth Concepts LLC trimmed its position in Vale S.A. (NYSE:VALE - Free Report) by 40.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,728 shares of the basic materials company's stock after selling 29,309 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Vale were worth $388,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vale by 328.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,349,581 shares of the basic materials company's stock worth $153,891,000 after buying an additional 13,298,912 shares during the last quarter. FMR LLC raised its holdings in Vale by 28.8% during the fourth quarter. FMR LLC now owns 47,163,226 shares of the basic materials company's stock worth $418,338,000 after purchasing an additional 10,557,888 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Vale by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,995,398 shares of the basic materials company's stock valued at $301,541,000 after acquiring an additional 5,775,590 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Vale by 106.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company's stock valued at $86,226,000 after purchasing an additional 5,001,228 shares in the last quarter. Finally, Fourth Sail Capital LP purchased a new position in shares of Vale during the 4th quarter worth approximately $31,305,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Stock Performance

NYSE:VALE traded up $0.05 during mid-day trading on Friday, hitting $9.35. 10,135,108 shares of the company's stock traded hands, compared to its average volume of 30,521,198. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83. The firm has a 50 day moving average of $9.49 and a two-hundred day moving average of $9.54. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. 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 posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. On average, equities analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The business also recently declared 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. This is an increase from Vale's previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. This represents a yield of 7.5%. Vale's dividend payout ratio is 54.35%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. StockNews.com began coverage on Vale in a report on Wednesday. They issued a "hold" rating on the stock. Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $11.00 price target (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 four have given a buy rating to the company. According to data from MarketBeat.com, Vale presently has an average rating of "Hold" and a consensus target price of $12.13.

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.