Capital Research Global Investors Has $71.60 Million Stock Holdings in Vale S.A. (NYSE:VALE)

Capital Research Global Investors trimmed its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,072,163 shares of the basic materials company's stock after selling 141,364 shares during the quarter. Capital Research Global Investors owned about 0.18% of Vale worth $71,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VALE. Brooklyn Investment Group increased its position in 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 purchasing an additional 1,900 shares in the last quarter. IFP Advisors Inc raised its position in shares of 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 period. Cornerstone Planning Group LLC boosted its stake in Vale by 3,092.0% during 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 during the period. Stonebridge Financial Group LLC acquired a new position in shares of Vale during the fourth quarter valued at $30,000. Finally, Atlas Capital Advisors Inc. raised its holdings in 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 purchasing an additional 1,623 shares in the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Vale Trading Down 2.5 %

VALE traded down $0.24 during midday trading on Friday, reaching $9.51. 33,332,493 shares of the company were exchanged, compared to its average volume of 30,587,137. The stock has a market capitalization of $43.17 billion, a P/E ratio of 6.60, a PEG ratio of 0.31 and a beta of 0.73. The stock's 50-day simple moving average is $9.57 and its 200 day simple moving average is $9.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale S.A. has a one year low of $8.06 and a one year high of $13.14.

Vale (NYSE:VALE - Get Free Report) last posted its earnings results 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 business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.3758 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Vale's previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale's dividend payout ratio (DPR) is presently 52.08%.

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.