Fmr LLC Has $418.34 Million Stock Holdings in Vale S.A. (NYSE:VALE)

FMR LLC boosted its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,163,226 shares of the basic materials company's stock after purchasing an additional 10,557,888 shares during the period. FMR LLC owned approximately 1.04% of Vale worth $418,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brooklyn Investment Group increased 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 valued at $25,000 after acquiring an additional 1,900 shares during the last quarter. IFP Advisors Inc boosted its holdings in Vale by 206.4% during 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 during the period. Cornerstone Planning Group LLC increased its stake 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 worth $29,000 after purchasing an additional 3,092 shares during the period. Stonebridge Financial Group LLC bought a new stake in Vale in the 4th quarter valued at $30,000. Finally, Atlas Capital Advisors Inc. lifted its stake in shares of Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,623 shares during the period. Institutional investors and hedge funds own 21.85% of the company's stock.

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Vale Stock Down 1.2 %

Shares of Vale stock traded down $0.11 during trading on Tuesday, reaching $9.16. The stock had a trading volume of 10,237,858 shares, compared to its average volume of 30,646,497. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $13.14. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $9.62 and a two-hundred day moving average price of $9.75. The company has a market capitalization of $41.59 billion, a price-to-earnings ratio of 6.36, a P/E/G ratio of 0.31 and a beta of 0.73.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.36). Vale had a return on equity of 17.38% and a net margin of 16.15%. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.03 billion. Sell-side analysts predict 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 was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a dividend of $0.3758 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Vale's previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale's payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and increased their price target for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Scotiabank cut their target price on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group lowered their price target on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, StockNews.com initiated coverage on shares of Vale in a report on Wednesday, April 2nd. They set a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.65.

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.