Nikko Asset Management Americas Inc. Sells 31,858 Shares of Vale S.A. (NYSE:VALE)

Nikko Asset Management Americas Inc. decreased its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 193,182 shares of the basic materials company's stock after selling 31,858 shares during the quarter. Nikko Asset Management Americas Inc.'s holdings in Vale were worth $1,714,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC increased its position in Vale by 94.6% in the 4th quarter. Signaturefd LLC now owns 39,051 shares of the basic materials company's stock valued at $346,000 after acquiring an additional 18,985 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Vale by 20.4% during the fourth quarter. Corient Private Wealth LLC now owns 138,247 shares of the basic materials company's stock valued at $1,230,000 after purchasing an additional 23,465 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Vale during the fourth quarter valued at about $94,000. one8zero8 LLC bought a new stake in shares of Vale during the fourth quarter valued at about $235,000. Finally, Mondrian Investment Partners LTD lifted its holdings in Vale by 13.3% in the fourth quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after purchasing an additional 1,381,475 shares during the period. Institutional investors own 21.85% of the company's stock.

Analyst Upgrades and Downgrades

VALE has been the topic of several research analyst reports. Scotiabank lowered 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 note on Monday, January 6th. StockNews.com cut Vale from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Morgan Stanley lowered Vale from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $14.50 to $11.30 in a research note on Thursday, December 12th. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group cut their target price 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 issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.26.

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Vale Stock Down 0.6 %

Shares of VALE stock traded down $0.07 during trading on Friday, hitting $10.08. 35,048,304 shares of the company were exchanged, compared to its average volume of 35,656,648. The firm has a market capitalization of $45.73 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 0.31 and a beta of 0.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The business's 50-day simple moving average is $9.45 and its 200 day simple moving average is $9.90. Vale S.A. has a twelve month low of $8.38 and a twelve month high of $13.14.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $10.03 billion. As a group, analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.3758 dividend. This is a positive change from Vale's previous semi-annual dividend of $0.30. This represents a yield of 7.5%. The ex-dividend date is Monday, March 10th. Vale's dividend payout ratio is presently 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.