Todd Asset Management LLC Has $24.07 Million Stock Position in Vale S.A. (NYSE:VALE)

Todd Asset Management LLC cut its holdings in Vale S.A. (NYSE:VALE - Free Report) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,713,169 shares of the basic materials company's stock after selling 360,629 shares during the quarter. Todd Asset Management LLC owned approximately 0.06% of Vale worth $24,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position 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 buying an additional 1,900 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Vale by 206.4% in the 4th 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vale in the 3rd quarter valued at $28,000. Cornerstone Planning Group LLC boosted its holdings in shares of Vale by 3,092.0% during 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. Finally, Stonebridge Financial Group LLC bought a new stake in Vale during the 4th quarter worth $30,000. Institutional investors own 21.85% of the company's stock.

Vale Trading Down 2.1 %

Shares of VALE stock traded down $0.21 during trading hours on Friday, hitting $9.43. 33,530,660 shares of the company were exchanged, compared to its average volume of 36,843,434. 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 $8.38 and a fifty-two week high of $13.68. The company has a 50 day simple moving average of $9.18 and a two-hundred day simple moving average of $9.98. The firm has a market cap of $42.78 billion, a P/E ratio of 6.55, a P/E/G ratio of 0.31 and a beta of 0.91.

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

Vale Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.3758 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a 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 presently 88.89%.

Analyst Ratings Changes

VALE has been the subject of several research reports. Barclays dropped their target price on Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. Scotiabank reduced their target price on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a report on Monday, January 6th. Wolfe Research raised shares of Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. UBS Group lowered shares of Vale from a "buy" rating to a "neutral" rating and cut their price target for the stock from $14.00 to $11.50 in a report on Monday, November 11th. Finally, StockNews.com assumed coverage on Vale in a report on Friday, December 13th. They issued a "buy" rating for the company. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.26.

Vale 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.