Vale S.A. (NYSE:VALE) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lessened its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 732,001 shares of the basic materials company's stock after selling 90,578 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Vale were worth $6,493,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Vale in the third quarter valued at $1,126,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vale in the third quarter valued at $28,000. Integrated Wealth Concepts LLC raised its holdings in shares of Vale by 5.8% in the third quarter. Integrated Wealth Concepts LLC now owns 73,037 shares of the basic materials company's stock valued at $853,000 after buying an additional 4,007 shares during the last quarter. State Street Corp boosted its stake in shares of Vale by 4.8% during the third quarter. State Street Corp now owns 11,117,942 shares of the basic materials company's stock worth $129,858,000 after buying an additional 507,245 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Vale by 36.3% during the third quarter. Wellington Management Group LLP now owns 2,255,889 shares of the basic materials company's stock worth $26,349,000 after buying an additional 600,755 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on VALE shares. Scotiabank reduced their price objective on Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a research note on Monday, January 6th. Wolfe Research upgraded Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on shares of 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 assumed coverage on shares of Vale in a research report on Wednesday, April 2nd. They set a "hold" rating for the company. Finally, Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and raised their target price for the stock from $11.00 to $11.50 in a research note on Thursday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Vale currently has an average rating of "Hold" and an average price target of $12.65.

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Vale Price Performance

Vale stock traded up $0.30 during midday trading on Friday, reaching $9.20. The company's stock had a trading volume of 38,900,971 shares, compared to its average volume of 30,703,540. 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 fifty-two week low of $8.06 and a fifty-two week high of $13.14. The firm has a market capitalization of $41.78 billion, a PE ratio of 6.39, a P/E/G ratio of 0.31 and a beta of 0.73. The stock's 50 day simple moving average is $9.63 and its 200 day simple moving average is $9.78.

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 the consensus estimate of $0.56 by ($0.36). Vale had a net margin of 16.15% and a return on equity of 17.38%. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. On average, equities research analysts forecast that Vale S.A. will post 1.85 earnings per share for the current year.

Vale Increases Dividend

The company also recently declared 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. This is a positive change from Vale's previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 7.5%. Vale's payout ratio is 52.08%.

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.