Kawa Capital Management Inc Purchases Shares of 1,000,000 Vale S.A. (NYSE:VALE)

Kawa Capital Management Inc bought a new stake in Vale S.A. (NYSE:VALE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000,000 shares of the basic materials company's stock, valued at approximately $8,870,000. Vale comprises 24.0% of Kawa Capital Management Inc's investment portfolio, making the stock its 3rd biggest position.

Several other hedge funds have also added to or reduced their stakes in VALE. Point72 Asia Singapore Pte. Ltd. bought a new stake in Vale in the 3rd quarter valued at about $28,000. Brooklyn Investment Group boosted its stake in shares of Vale by 215.9% in the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after buying an additional 1,900 shares during the period. IFP Advisors Inc boosted its stake in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after buying an additional 1,938 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Vale during the third quarter worth approximately $36,000. Finally, Cornerstone Planning Group LLC raised its holdings in Vale by 3,092.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock valued at $29,000 after acquiring an additional 3,092 shares in the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VALE. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Barclays decreased their target price on Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. StockNews.com started coverage on shares of Vale in a report on Tuesday, March 25th. They set a "hold" rating on the stock. Finally, Jefferies Financial Group dropped their price objective on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vale has an average rating of "Hold" and an average price target of $13.26.

Remove Ads

Vale Trading Down 0.6 %

NYSE VALE traded down $0.07 on Monday, hitting $9.98. The company's stock had a trading volume of 26,748,170 shares, compared to its average volume of 29,861,688. The firm has a market cap of $45.28 billion, a PE ratio of 6.93, a PEG ratio of 0.31 and a beta of 0.85. The company's 50-day moving average is $9.61 and its 200 day moving average is $9.89. 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 1-year low of $8.38 and a 1-year high of $13.14.

Vale (NYSE:VALE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a return on equity of 17.38% and a net margin of 16.15%. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion. As a group, analysts predict that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.3758 per share. This represents a yield of 7.5%. 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. Vale's dividend payout ratio is currently 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.