Daiwa Securities Group Inc. lessened its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 46.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,194 shares of the basic materials company's stock after selling 111,800 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Vale were worth $1,128,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VALE. Brooklyn Investment Group boosted its stake in Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock worth $25,000 after buying an additional 1,900 shares during the last quarter. IFP Advisors Inc grew its stake in Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 1,938 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Vale during the 3rd quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its stake in Vale by 3,092.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock worth $29,000 after acquiring an additional 3,092 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Vale during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 21.85% of the company's stock.
Vale Stock Performance
Shares of Vale stock traded up $0.03 during trading on Wednesday, reaching $10.21. The company's stock had a trading volume of 44,493,475 shares, compared to its average volume of 35,497,098. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a 52 week low of $8.38 and a 52 week high of $13.14. The business's 50-day moving average price is $9.38 and its 200-day moving average price is $9.90. The firm has a market cap of $46.32 billion, a PE ratio of 7.09, a P/E/G ratio of 0.31 and a beta of 0.85.
Vale (NYSE:VALE - Get Free Report) last issued 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 firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Equities analysts forecast that Vale S.A. will post 1.85 earnings per share for the current year.
Vale Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.3758 per share. This is a boost from Vale's previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, March 10th. Vale's dividend payout ratio (DPR) is currently 52.08%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on VALE shares. Barclays lowered their price target 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 decreased their price objective on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Scotiabank dropped their price target on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research note on Monday, January 6th. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, StockNews.com lowered Vale from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $13.26.
View Our Latest Stock Report 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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