Level Four Advisory Services LLC reduced its stake in shares of Vale S.A. (NYSE:VALE - Free Report) by 60.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,217 shares of the basic materials company's stock after selling 67,338 shares during the period. Level Four Advisory Services LLC's holdings in Vale were worth $392,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of VALE. Principal Financial Group Inc. boosted its stake in shares of Vale by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company's stock worth $1,852,000 after acquiring an additional 1,494 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its position in Vale by 16.8% during the third quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company's stock worth $140,000 after purchasing an additional 1,725 shares in the last quarter. Brooklyn Investment Group grew its holdings in 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 purchasing an additional 1,900 shares during the period. IFP Advisors Inc increased its position 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 in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Vale by 30.9% during the 4th quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company's stock worth $87,000 after buying an additional 2,317 shares during the period. Hedge funds and other institutional investors own 21.85% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. StockNews.com assumed coverage on shares of Vale in a research report on Wednesday. They issued a "hold" rating on the stock. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Barclays lowered their price objective on Vale from $16.00 to $15.25 and set an "overweight" rating on the stock in a report on Wednesday, December 4th. Finally, Jefferies Financial Group reduced their target price on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Vale has a consensus rating of "Hold" and an average price target of $13.26.
Get Our Latest Stock Report on Vale
Vale Price Performance
VALE traded down $0.36 during trading on Thursday, reaching $9.74. The company's stock had a trading volume of 52,873,943 shares, compared to its average volume of 29,895,713. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $9.68 and a two-hundred day simple moving average of $9.89. The company has a market cap of $44.19 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.31 and a beta of 0.72. 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 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). The company had revenue of $10.12 billion for the quarter, compared to analysts' expectations of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. As a group, analysts anticipate that Vale S.A. will post 1.85 EPS for the current 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 $0.3758 dividend. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 7.5%. This is a positive change from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio is currently 52.08%.
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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