Vale S.A. (NYSE:VALE) Shares Purchased by Amundi

Amundi raised its holdings in Vale S.A. (NYSE:VALE - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,407,451 shares of the basic materials company's stock after purchasing an additional 100,000 shares during the period. Amundi's holdings in Vale were worth $11,963,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VALE. Brooklyn Investment Group lifted its position in shares of Vale by 215.9% in 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 lifted its position in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 1,938 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Vale in the third quarter valued at approximately $28,000. Cornerstone Planning Group LLC lifted its position in shares of Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock valued at $29,000 after acquiring an additional 3,092 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Vale in the fourth quarter valued at approximately $30,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Trading Up 1.2 %

NYSE:VALE traded up $0.12 on Tuesday, reaching $10.20. The company's stock had a trading volume of 37,144,603 shares, compared to its average volume of 29,179,112. Vale S.A. has a 12-month low of $8.38 and a 12-month high of $13.14. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a market cap of $46.32 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85. The stock has a 50 day moving average price of $9.35 and a 200 day moving average price of $9.90.

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

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.3758 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Vale's previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale's payout ratio is presently 52.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VALE. Wolfe Research upgraded Vale from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Barclays reduced their price objective on Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. Jefferies Financial Group reduced their price objective on Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. StockNews.com downgraded Vale from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Morgan Stanley downgraded Vale from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Vale presently has an average rating of "Hold" and a consensus price target of $13.26.

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.