BTG Pactual Asset Management US LLC lessened its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 43.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 479,976 shares of the basic materials company's stock after selling 374,813 shares during the period. BTG Pactual Asset Management US LLC's holdings in Vale were worth $4,258,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of VALE. Principal Financial Group Inc. boosted its stake in shares of Vale by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company's stock valued at $1,852,000 after purchasing an additional 1,494 shares in the last quarter. Atlas Capital Advisors Inc. lifted its holdings in Vale by 68.3% in 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 during the period. Stock Yards Bank & Trust Co. boosted its position in Vale by 16.8% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company's stock valued at $140,000 after acquiring an additional 1,725 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Vale by 215.9% during the 4th 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. Finally, IFP Advisors Inc raised its position in shares of Vale by 206.4% in the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock worth $26,000 after acquiring an additional 1,938 shares in the last quarter. Institutional investors own 21.85% of the company's stock.
Vale Stock Performance
Shares of NYSE:VALE traded up $0.10 during mid-day trading on Thursday, reaching $9.10. 26,699,005 shares of the company traded hands, compared to its average volume of 30,613,607. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $13.14. The firm has a market cap of $41.28 billion, a PE ratio of 6.32, a PEG ratio of 0.31 and a beta of 0.73. The company's 50 day moving average price is $9.60 and its 200-day moving average price is $9.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58.
Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.36). The firm had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. On average, equities analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal year.
Vale Increases Dividend
The firm 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 of this dividend was Monday, March 10th. This represents a dividend yield of 7.5%. This is a boost from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio (DPR) is currently 52.08%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on VALE. StockNews.com initiated coverage on Vale in a research report on Wednesday, April 2nd. They set a "hold" rating on the stock. Scotiabank decreased their price target on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research note on Monday, January 6th. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and lifted their price target for the company from $11.00 to $11.50 in a research report on Thursday, April 10th. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group cut their price target on Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.44.
Get Our Latest Stock Analysis on VALE
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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